It looks like Ciena will not be the only bidder for Nortel’s metro Ethernet network business, which goes on the auction block tomorrow.
According to TheStreet, Nokia Siemens Networks (NSN) will be submitting an offer that could include an investment from private-equity firm One Equity Partners.
One Equity’s investment portfolio includes TVGuide, CarlsonWagonlit Travel, Telwares and Emcon Technologies. The company acts as a lead equity investor in management-led buyouts, and offers growth capital financing with a emphasis on corporate partnerships and divestitures. OPE typically invests $50-million to $200-million per transaction.
The secret,silent auction is still on, I guess ? Must but terrible for Sue 'Big mouth' Spradley !
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“We are reassessing that decision to potentially sell MEN. With the actions we’re doing on creditor protection, it gives us time to reassess that. The industry has clearly shown that the MEN business has some strong technologies.”
flummux
No news yet, so it would seem it wasn't an easy grab for Nokia Siemens.
zeroman
is it reaching a billion?
bankrupt_bob
<<Nortel Provides Update on Auction Date for the Sale of its GSM/GSM-R Business>>
<<...delaying the auction for the sale of its GSM/GSM-R business...>>
<<...will provide an update on matters relating to the sale...>>
hahahahahahhahaaahahahahahahaaaa! "This is the way, this is Nortel" ;>)
wasthere
Well this was expected. I guest bidders would like to know if they do win an auction before stating if they will go for another Nortel's unit. But anyhow, while I was at Nortel, I did find out what the word complex was all about.
''Business made complicated'' ''This was the way, this was Nortel''
horace_grimswold
if Nortel couldn't get their sh1t together for the last 10 years, why start now? 4 day delay? Auctioneer came down with laryngitis?
Auction winner gets 10 used Canadian Navy submarines, free with any purchase of MEN.
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Psst. Hey, OPE, I'm the recognized leader of AAN blog posts by far. Whancha buy me out, too, hm. How about we hyperconnect and you fork over a little love, wink wink. I promise to never accost any of your employees in a parking lot.
Nokia Siemens to Bid for MEN
It looks like Ciena will not be the only bidder for Nortel’s metro Ethernet network business, which goes on the auction block tomorrow.
According to TheStreet, Nokia Siemens Networks (NSN) will be submitting an offer that could include an investment from private-equity firm One Equity Partners.
One Equity’s investment portfolio includes TVGuide, CarlsonWagonlit Travel, Telwares and Emcon Technologies. The company acts as a lead equity investor in management-led buyouts, and offers growth capital financing with a emphasis on corporate partnerships and divestitures. OPE typically invests $50-million to $200-million per transaction.