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.
Joint venture infrastructure firm Alcatel-Lucent said Friday that net loss for the third quarter of 2009 widened to €182m, compared to a loss of €40m in the same period in 2008.
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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.
Kit vendor Nokia Siemens Networks and security and infrastructure firm Juniper Networks cosied up even closer on Tuesday, pooling their respective resources in optical and IP networking.