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Category Archives: M&A
Genband Snaps Up Carrier Business
The carrier VoIP business must be in rough shape or Nortel’s carrier VoIP isn’t doing that well after it appeared that no one else other than Genband was interested in the business.
In a press release, Nortel said today that Genband has acquired the business for US$182-million after taking into account “balance sheet and other adjustments” [...]
The Bizarre Nortel-Genband Deal
After eight months on the block and seven expressions of interest, Nortel unveiled the proposed sale of its carrier voice and applications business to Genband last month for $282-million. Like the other asset sales, it is a stalking horse bid now could see other bids before an auction is held.
Despite a lot of speculation about [...]
Also posted in Financials Tagged bankruptcy, carrier, genband, Nortel, one equity partners, stalking horse 16 Comments
The End is Near
Now that the Canadian government has rubber-stamped Ciena’s $769-million purchase of Nortel’s Ethernet and optical business, and the carrier VoIP unit is now in play, it doesn’t leave much left on the lawn for the Nortel Garage Sale.
According to a Nortel spokeman (via GigaOm), the remaining assets include the joint venture with LG (Nortel-LG) and [...]
Tasman Networks: The Beginning of the End
There are lots of reasons to explain why Nortel has crumbled in recent years to near-extinction but if you had to pinpoint a key moment in its demise, it might be the acquisition of Tasman Networks, which was announced on Dec. 27, 2005.
The deal happened a few months after Mike Zafirovski had taken over as [...]
Also posted in Financials Tagged acquisitions, george riedel, Mike Zafirovski, Nortel, tasman networks 13 Comments
Carrier VoIP Officially on the Block
As the first anniversary of Nortel’s bankruptcy protection filing comes over the horizon, the company is seeking court approval to sell its carrier VoIP business to Genband Inc. for $282-million, which has submitted a “stalking horse bid”.
Genband, which was not among the speculated buyers for the business, will receive financing from One Equity Partners to [...]
A Note from Genband CEO Charlie Vogt