“The big powers are going down,” Ahmadinejad told foreign ministers of the Nonaligned Movement meeting in Tehran. “They have come to the end of their power, and the world is on the verge of entering a new, promising era.”

Yay!

“The big powers are going down,” Ahmadinejad told foreign ministers of the Nonaligned Movement meeting in Tehran. “They have come to the end of their power, and the world is on the verge of entering a new, promising era.”

Yay!

Haven't you figured out that most of the corporate world is one big racket ? Sell bonds, wait for an economic “recovery”, stock price goes up, executive management makes money on stock and declares victory and exits before the next economic slowdown. One big ponzi scheme.

I dont think the Gov of Canada will prevent or step between someone acquiring Nortel. They do not do a lot of defense as well so nothing strategic. As for acquirer, somebody with deep pockets. This is not possible at least on the next 3 year horizon. MSFT is totally focused on twisting Yahoo around. Cisco has become too big. Others are making small acquisitions. Its too expensive when you see a $9-10 price tage, $7 billion debt. Thats like buying the co for $10 to 12 billion.

For what ??? there are a lot of valuable companies to buy for that price. pretty much a Nortel can be built for cheaper.

Here is a link to a press release on the 93m line opportunity:

http://wirelessfederation.com/news/category/bsnl/

“India’s state-run telecom firm BSNL has invited bids for a contract valued at over €4.2 billion (US$6.5 billion) to supply 93 million GSM lines.

“At about US$70 [€45.33] per line, the tender could be worth over US$6.5 billion (€4.2 billion],” company director S. D. Saxena was quoted as saying.

He also said equipment makers such as LM Ericsson, Nokia Siemens Networks, Motorola, Nortel Networks, Alcatel-Lucent, Huawei Technology and ZTE are expected to participate in the bidding process, the Reuters report said.

All the bids will be opened on July 16.

“It should take six to eight months to award the tenders,” he said.

Unlisted BSNL is trying to expand its network to compete with rivals including Bharti Airtel and Vodafone Essar.

Saxena said the 93 million GSM lines would include 3G, services, “depending on the release of spectrum by the government,” while the remaining will be used for 2G.

I thought the new BSNL contract winner(s) would not be disclosed for 6-8 months after the opening of the bids on July 16th. Am I mistaken? I will try to find the news release and post the link.