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Faced with the prospect of holding two auctions on the same day, Nortel has postponed the auction for its GSM/GSM-R business. The company said it is holding discussions with a number of interested parties, and will provide an update next week.
In the...
It looks like Ciena will not be the only bidder for Nortel’s metro Ethernet network business, which goes on the auction block tomorrow.
According to TheStreet, Nokia Siemens Networks (NSN) will be submitting an offer that could include an investment...
With only two days left to submit bids for Nortel’s metro Ethernet network business, the big question is whether anyone else will step up to the plate, or whether Ciena’s $511-million cash-and-stock bid will be the only offer.
For potential bidders,...
With three days left before bidding closes for Nortel’s metro Ethernet network business, the big question is whether anyone else is going to step up to the plate.
In a research report issued today, Jefferies & Co. analyst George Notter suggests other...
Not that it matters much but Nortel posted a third-quarter loss of $508-million on revenue of $1.04-billion. This compared with a $3.4-billion loss in Q3 2008 on sales of $2.3-billion. This year’s sales exclude those related to Equity Investees’...
