The carcass of fallen Canadian giant Nortel continues to be picked over, with Swedish vendor Ericsson announcing that it has acquired the certain assets of the Carrier Networks division of Nortel relating to the GSM business in the US and Canada.
It looks like carrier network specialist Ciena will emerge as the winner of Nortel’s optical networking and carrier Ethernet assets, following an extended auction that took place over the weekend.
Canadian vendor Nortel has delayed the next stage of its fire sale until later this week, giving potential bidders for its Optical Networking and Carrier Ethernet businesses and extra few days to get bids together.
Carrier network specialist Ciena has forged an agreement with Nortel to acquire the exiting Canadian firm’s optical networking and carrier Ethernet assets for $390m in cash and ten million shares of Ciena common stock estimated to be worth a further $131m.
Nortel, the fading star of the telecoms world, said late Wednesday it is planning to sell off its GSM and GSM-R (GSM for railways) assets via an open auction process.
The Nortel fire sale continues with the company this week announcing the auction of its Carrier Networks Packet Core assets.
It’s been a busy summer for the LTE crowd, with the technology gaining some considerable traction among early adopters in Europe, Japan and the US, and all eyes on 2010 as the year Long Term Evolution goes commercial.
It looks like enterprise networking firm Avaya has emerged as the winning bidder for Nortel’s own corporate communications unit, with an offer of close to $1bn.
Two bidders have tabled offers for the enterprise networking business of collapsing Canadian kit vendor Nortel, ahead of the auction scheduled for Friday.
The end of July 2009 may also have marked the end of an era in the infrastructure market, as Canadian manufacturer and one time telecoms giant Nortel seems likely to take its final bow.
I am also interested in these slides!
Is it possible tp sent it to me, too?
Thanks.
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