... an announcement this week on the GSM sale. With the sale of the Ciena unit, Nortel has nearly dismantled the company originally established ... s manufacturing unit. The Nortel products that will benefit Ciena the most are those that route optical traffic at 40 Gigabits ... assets Ericsson is getting are worth only $149 million. Ciena has applied to Industry Canada for approval but Frodsham ...

... a three-day auction, a story in Reuters broke this morning that Ciena had beat out the Nokia Siemens Networks to acquire Nortel's ... and that "further bidding could not be justified." Losing out to Ciena for Nortel's MEN assets is a blow to Nokia ... increase sales, analysts are worried that the deal 'will weigh down Ciena's operations.' At issue is the fact that Ciena, ...

... began in October. A court will still have to approve the deal that will see Ciena, which makes fiber optical equipment, pay $ ... debt that will be due in 2017. The transaction will more than double Ciena’s sales when it closes in the first quarter of 2010 ... 2008 and $556 million in the first six months of 2009, so Ciena is taking on a huge integration with this deal, which could more than double ...

... fair value for the assets, and further bidding could not be financially justified.” So, now that Ciena has won the auction, what happens next? The first step will be to offer positions to about 2,000 of the MEN ... have a similar product base that will require strategic planning to ensure that Ciena is able to make the most of this expensive acquisition. Now that the race is run and Ciena has ...

... ’s optical networking and carrier Ethernet businesses. Ciena’s winning bid was $530 million cash, plus ... of 2,000 Nortel workers would have the chance to continue their jobs as Ciena employees. While antitrust clearance for the sale had been secured for the ... succeed in today’s highly competitive market. Ciena’s commitment to the future of our product platforms, customers and ...

... marks positive momentum for carrier Ethernet services in the US and abroad. Ciena increased its bid by roughly 50% to beat out competitor Nokia Siemens (NYSE: NOK) providing Ciena with additional strength in a critical area of service provider ... % of enterprises saying they use it (versus 52% in 2008). With this acquisition, Ciena is quietly building up significant strength in the carrier Ethernet ...