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Nortel Network News

News on Nortel Network continually updated from thousands of sources around the net.

3 hrs ago | CBC

'Nortel bill' would protect workers, pensioners

Technology giant Nortel has been selling off its units since falling under bankruptcy protection in January.

Comment?

Related Topix: Telecom, Economics News, Bankruptcy, Canada

Fri Nov 27, 2009

CBC

Court dismisses Nortel employee pension bid

An Ontario court on Thursday dismissed an appeal by the union representing former Nortel Networks Corp.

Comment?

Related Topix: Telecom, Pension, Personal Finance, Canada,

Thu Nov 26, 2009

Ottawa Citizen

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.

Comment?

Related Topix: Telecom, Startups, Nortel Networks

Wed Nov 25, 2009

CNET News.com

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.

Comment?

Related Topix: Telecom, Verizon Communications, IT Services, Emerging Technology

Market Wire

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.

Comment?

Related Topix: Telecom

Tue Nov 24, 2009

PR-inside.com

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 ...

Comment?

Related Topix: Telecom

Mon Nov 23, 2009

InternetNews

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.

Comment?

Related Topix: Telecom, Computers, CIENA, Cisco Systems, Science / Technology

Sun Nov 22, 2009

Wireless Developer Network

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 ...

Comment?

Related Topix: Telecom, Wireless

Sat Nov 21, 2009

ABC News - Brian Ross

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.

Comment?

Related Topix: Telecom

Fri Nov 20, 2009

Canada.com

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.

Comment?

Related Topix: Telecom

Thu Nov 19, 2009

Bloomberg.com

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.

Comment?

Related Topix: Telecom, CIENA

Wed Nov 18, 2009

International Business Times

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.

Comment?

Related Topix: Telecom

Ottawa Citizen

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.

Comment?

Related Topix: Telecom, Startups, Nortel Networks

Tue Nov 17, 2009

RCR Wireless News

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.

Comment?

Related Topix: Telecom, Sprint, IT Services, Outsourcing, Richardson, TX

Mon Nov 16, 2009

MarketWatch

Earnings Watch: Updates, advisories and surprises

That compared to a net loss of $63.3 million, or 69 cents a share, a year earlier.

Comment?

Related Topix: Telecom, MarketWatch, Startups, Nortel Networks, 9, Energy, Oil & Gas, Semiconductors, RF Micro Devices, Electronics

Sun Nov 15, 2009

Bloomberg.com

Nortel Wins Court Approval to Have JPMorgan Hold Proceeds From Unit Sales

Nortel Networks Corp. won court approval to have JPMorgan Chase & Co. hold proceeds from the sales of its telecommunications units after regulators warned that the money may not be available for Canadian creditors.

Comment?

Related Topix: Telecom, Banking, JP Morgan Chase , Economics News, Bankruptcy, Canada,

Sat Nov 14, 2009

Miami Herald

Nortel delays auction deadline for some assets

Airvana Inc., which supplies products used by wireless operators, said Friday it will get a $39.6 million payment for outstanding invoices related to products and services it sold to Nortel Networks Inc.

Comment?

Related Topix: Telecom, Economics News, Bankruptcy, Construction, WCI Communities, Wilmington, DE, Legg Mason, Financial Services, Investment Services

Fri Nov 13, 2009

ITWorld Canada

Ericsson hires 900 Canadian Nortel workers

The U$1.13 billion acquisition of financially-troubled Nortel's CDMA and LTE wireless assets is now complete.

Comment?

Related Topix: Telecom, North America, Canada, World News, Research in Motion, Computers, New York

PR-inside.com

Nortel Provides Update on Auction for the Sale of its Optical...

Qualified bidders are now required to submit offers by November 17, 2009. The Company expects to provide a further update on the auction process and sale of these businesses next week.

Comment?

Related Topix: Telecom

Thu Nov 12, 2009

Macleans

Without a planOur pension system is a mess, and fixing it won't be easy

Dale Seto is accustomed to toiling out of the spotlight. Most days, the aircraft mechanic crawls around inside the guts of an Airbus jetliner, grease on his hands.

Comment?

Related Topix: Pension, Personal Finance, North America, Canada, World News, Telecom

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