16 hrs ago | Ottawa Citizen
Ciena beats Nokia to Nortel unit
Ciena Corp was cleared to acquire a unit of bankrupt Nortel Networks Inc. for $769 million U.S. after fighting off a legal challenge by Nokia Siemens Networks.
Cisco extends deadline for Tandberg deal
Cisco Systems Inc. has given shareholders of Norwegian videoconferencing vendor Tandberg SA about two more days to accept its US$3.4 billion buyout offer.
Ciena boss talks nicely about Nortel assets he covets
Ciena Corp. chief executive Gary Smith is singing the praises of the Nortel Networks optical networking division that he's trying to buy for $769 million U.S. in cash and debt.
EDITORIAL: Nortel bonuses epitomize a baffling trend in business
There may be good reasons why Nortel Networks Corp. is handing out salary hikes and bonuses this year, but it will be hard pressed to justify it to former employees fighting for severance packages or pensions.
Nortel failure sparking Canadian pension debate
The bankruptcy of Nortel Networks Corp. is sparking political pressure in Canada to protect the pensions of employees in bankrupt companies.
Nortel Networks Corporation - Financial and Strategic Analysis Review - new report released
The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors.
'Nortel bill' would protect workers, pensioners
Technology giant Nortel has been selling off its units since falling under bankruptcy protection in January.
Court dismisses Nortel employee pension bid
An Ontario court on Thursday dismissed an appeal by the union representing former Nortel Networks Corp.
Ericsson, partner score deal on Nortel division
The fire sale of Nortel Networks operations hit a new low Wednesday when a wireless division was sold for less than 10 per cent of annual sales.
Ciena buys Nortel's Metro Ethernet business
Telecommunications equipment maker Ciena won an auction to acquire a division of Nortel Networks that develops equipment for transmitting data and voice traffic for about $769 million in cash and stock.
Nortel Selects Ericsson and Kapsch as Successful Bidders for GSM/GSM-R Business
Nortel Networks Corporation announced that it, its principal operating subsidiary Nortel Networks Limited , and certain of its other subsidiaries, including Nortel Networks Inc., Nortel Networks UK Limited , and Nortel Networks SA have concluded a successful auction of substantially all of the global assets of Nortel's GSM/GSM-R business.
Nortel Announces the Auction Date for the Sale of its GSM/GSM-R Business
About Nortel For more information, visit Nortel on the Web at www.nortel.com : . For the latest Nortel news, visit www.nortel.com : /news. Certain statements in this press release may contain words such as "could", "expects", "may", "should", "will", "anticipates", "believes", "intends", "estimates", "targets", "plans", "envisions", "seeks" and ...
Ciena Wins Nortel Carrier Ethernet, Optical Unit
After upping its initial bid to $769 million, Ciena comes away a winner. Sean Michael Kerner : At the core of the Internet's infrastructure are optical networking and carrier Ethernet technologies that provide bandwidth and connectivity.
Nortel Completes Sale of CDMA Business LTE Access Assets to Ericsson
Nortel Networks Corporation announced today that it, its principal operating subsidiary Nortel Networks Limited, and certain of its other subsidiaries including Nortel Networks Inc., have completed the sale of substantially all of Nortel's CDMA Business and LTE Access assets to Telefonaktiebolaget LM Ericsson for a purchase price of US$1.13 ...
Ciena Takes Nortel Unit Auction to 2nd Day: Sources
The auction for Nortel Network's optical networking and carrier ethernet business went into a second day on Saturday, after Ciena called for a break in the auction late on Friday, two sources said.
Nokia team enters race for Nortel unit: source
Nokia Siemens Networks and private equity firm One Equity Partners have jointly bid for Nortel Networks Corpa s optical networking and carrier ethernet business, a person familiar with the sale said on Wednesday, challenging Ciena Corpa s US$526-million bid for the assets.
Nortel Will Sell Optical Unit at Nov. 20 Auction; Nokia Siemens Plans Bid
Nortel Networks Corp. , the bankrupt Canadian phone-equipment maker, said it will hold an auction for its optical-networking business after a second bidder offered to buy the unit.
Nokia Siemens, One Equity bid for some Nortel assets
Nokia Siemens Networks and private equity firm One Equity Partners have jointly bid for Nortel Networks Corp's optical networking and carrier ethernet business, a person familiar with the sale said on Wednesday, challenging Ciena Corp's $526 million bid for the assets.
Sales drop, loss improves at foundering Nortel
Nortel Networks said Monday that sales fell 24 per cent in the third quarter as the recession and bankruptcy actions drove away customers.
North America becomes Ericsson's largest sales region
North America has become Ericsson's largest sales region and its second-largest employment region with the just completed acquisition of Nortel Networks assets and the recent outsourcing win from Sprint Nextel Corp.
Also on Topix