Category Archives: M&A

Nortel’s Cupboards Almost Bare of Assets Now

By Mark Evans | Published: April 21, 2010
I had intended not to spend too much time on AAN with my consulting business rocking and rolling but I’ll take a hall pass with Ericsson’s plans to spend US$242-million to buy Nortel’s 50% + 1 stake in LG-Nortel Co., Nortel’s joint venture with LG Electronics – one of ex-Nortel CEO Bill Owens’ few successes. “Today’s [...]
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Ericsson Reportedly Buys LG Stake

By Mark Evans | Published: March 18, 2010
Ericsson is reportedly buying Nortel’s 50% + 1 stake in the Nortel-LG joint venture – a move that, if accurate, meant that LG didn’t exercise its right of first refusal. The deal was reported by the Seoul Economic Daily’s Web site today. Whether the deal has been consummated is unclear as LG said nothing has [...]
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A Note from Genband CEO Charlie Vogt

By Mark Evans | Published: February 25, 2010
Now that the sale of Nortel’s carrier VoIP and applications business has been sold to Genband for $183-million, Genband CEO Carlie Vogt sent a note to the employees involved in the deal: Greetings from GENBAND An open letter to employees of Nortel’s Carrier VoIP and Application Solutions business On behalf of GENBAND, our management team and Board of [...]
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Genband Snaps Up Carrier Business

By Mark Evans | Published: February 24, 2010
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” [...]
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The Bizarre Nortel-Genband Deal

By Mark Evans | Published: January 6, 2010
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 [...]
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The End is Near

By Mark Evans | Published: December 31, 2009
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 [...]
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