All About Nortel

As Nortel CEO Mike Zafirovski drives to fix Nortel by reducing costs and getting out of unprofitable markets such as the UMTS access business, he is setting up the company to be a leveraged buy-out candidate? According to BusinessWeek, the high-tech sector is ripe for LBOs after several years of stagnating stock prices, increasing regulatory requirements [...]

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Despite losing nearly 100s of millions of dollars on a wireless contract with Indian wireless carrier BSNL, Nortel is apparently still digging around for contracts in India. According to CIOL, the company is in discussions with major wireless carriers about helping them reach customers in rural areas. This is a major mandate for the Ministry of [...]

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The consolidation of the global telecom equipment market is even happening in China where Huawei plans to acquire Beijing-based Harbour Networks. Harbour, which specializes in data communications, was started in 2000 by former Huawei employees. According to emsnow, Huawei has a full plate this year as its expands domestically and internationally. The company is beginning [...]

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Juniper and Nortel have jumped into the wireless LAN market by taking part in a $30-million D round investment in Trapeze Networks. Trapeze said it plans to use money to expand geographically, improve its channel programs and bolster product development. Nortel, which originally invested in Trapeze last year, has been selling Trapeze’s WLAN switch since [...]

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Now, this is kind of interesting. An Algerian railway, Societe Nationale des Transports Ferroviaires, has selected Nortel for the first phase of its GSM-R project to provide a new wireless system that will enhance emergency procedures, improve operational efficiency, increase safety and reduce the cost of the railway’s operations. Nortel claims SNTF is the first African railway [...]

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A year ago, Nortel made a big deal about winning a $5.6-million contract to provide the city of San Jose with a public-access computer system (crowing about how it won the deal in Cisco’s backyard). Well, it turns out the system hasn’t been working that well, although the city has not been able to figure [...]

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As Nortel drives to slash operating costs, it is creating a product design, development and testing centure in Bangalore, India that will employ 100 engineers by the end of the year. The team will work on Ethernet switching, security and VoIP. About 70 of these engineeers will come from Tasman Networks, which Nortel acquired for [...]

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Somewhere, ex-Nortel CEO Bill Owens must be smiling after Nortel was among 25 companies selected to be part of a multi-billion dollar contract to provide services to the U.S. Department of Homeland Security, which is launching a seven-year program called the Enterprise Acquisition Gateway and Leading Edge Solutions to enhance the department’s information technology services. Owens, a [...]

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One other issue raised by Charter Equity analyst Edward Snyder in today’s Toronto Star is that Nortel’s CDMA business could be its “shining star” even though CDMA appears to be losing the standards battle against GSM. In what appears to be a strange thesis, Snyder said Alcatel-Lucent could lose CDMA market share or abandon the [...]

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Now for something completely different: a U.S. analyst believes Nortel’s inability/failure/reluctance to find a major dance partner a la Alcatel-Lucent or Ericsson-Siemens could be a competitive advantage - despite all the hue and cry that Nortel has been left without a dance partner. Confused? Well, Charter Equity Research analyst Edward Snyder said all the M&A [...]

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