Nortel Enterprise Auction is a Marathon

By Mark Evans | Published: September 12, 2009

I’d love to be a fly on the wall in New York City as the auction for Nortel’s enterprise business continues deep into a second day. Nortel social media guru Bo Gowan suggests we could be looking at a multi-day auction before a winner emerges.

So, what’s taking so long? Are Avaya and Siemens continuing to bid even as the price keeps going higher? Are legal issues – Verizon’s protest about Avaya winning the deal – coming into play?

It looks like it’s going to be a long weekend for everyone involved, and we may not discover the eventual winner until the buyer decides to disclose the news.

For more, check out the Ottawa Citizen.

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  • random123

    Letter to Nortel employees joining Avaya:
    http://www.avaya.com/gcm/master-usa/en-us/corpo…

  • How_long

    Everything Nortel does is with laser focus. More like a laser guided bomb as far as I can see. Everything in pieces. The Nortel press release says shareholders will get zero. All gone away.

  • scalppeeler

    You have to be careful with the creditor remark.
    For the big creditors like the banks, the judges, the IRS, the lawyers, other large companies
    who lent or invested lots of money in Nortel yes it does help them a bit.
    Sadly it does nothing for the ex-employees, pensioners or about to be ex employees.
    These are the ones who've really been let down and ignored especially in
    the canadian province of Ontario.
    Give us a place to live and a place to grow. We'll call this land Ontario.
    The jingle only applies to new immigrants, multiculturalists or bilingualists.

  • dobson

    Avaya has won !

  • Westcon

    Avaya got it for 950 M

  • NortelEngineer

    AVAYA win the auction but why no news releases.

    No details at all

  • Westcon

    It's offecial, Avaya has won Nortel enterprise for 950M
    Congrats everyone, start packing your bags

  • tfig

    Source?

  • john2009

    AVAYA Won the deal

  • NortelEngineer

    Why no offical email or any other details ?

  • fateofnortel

    How can we say it as OFFICIAL unless we hear it thru an official mail or a press release????

  • Guest

    How this can be claimed as OFFICIAL? There is no email communication or an official press release…

  • gundus

    any official source for the comment?

  • susangores

    Hi Guys,
    To make it more clear and precise its not $950 million but its a whopping $1.2 billion deal !!!!!! :-)

  • fateofnortel

    My goodness. This is going LEFT and RIGHT. Eagerly waiting for time to throw some LIGHT on this…………

  • EntNort
  • Westcon
  • the_end_is_near
  • VanMan1

    Avaya have it for $900m + $15m employee retention.

  • VanMan1

    Hackney says:

    It provides the capability to chart our future with laser-focus

    Yeah right!

  • random123

    The creditors must be happy with that figure. More cents on the dollar for them!

    Especially after reports such as this: http://www.telecoms.com/14403/avaya-siemens-to-… which said that it might go *as high as* only $600m.

    Whilst the company is poor, in business, the R&D and technology is (was) good!

  • random123
  • How_long

    Everything Nortel does is with laser focus. More like a laser guided bomb as far as I can see. Everything in pieces. The Nortel press release says shareholders will get zero. All gone away.

  • scalppeeler

    You have to be careful with the creditor remark.
    For the big creditors like the banks, the judges, the IRS, the lawyers, other large companies
    who lent or invested lots of money in Nortel yes it does help them a bit.
    Sadly it does nothing for the ex-employees, pensioners or about to be ex employees.
    These are the ones who've really been let down and ignored especially in
    the canadian province of Ontario.
    Give us a place to live and a place to grow. We'll call this land Ontario.
    The jingle only applies to new immigrants, multiculturalists or bilingualists.

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