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Tag Archives: auction
How Much Will Nortel Get for Optical Assets?
It will be interesting to see how much Nortel will get for its optical and Ethernet assets in the wake of Ciena’s $521-million “stalking horse” bid. Given what happened during the auctions for Nortel’s CDMA and enterprise assets, it’s entirely possible the optical and Ethernet assets could fetch $1-billion or more. A key question will [...]
Nortel Puts GSM Business on the Block
Nortel is selling its GSM business – an asset that many people may have not been aware that Nortel even operated given its low profile. Nortel said it will hold an “open auction” to sell “substanially all of its globa GSM/GSM-R business”. Qualified bidders need to submit offers by Nov. 5, while the auction will [...]
The Battle for Nortel’s Patents Heating Up
To date, Nortel’s asset sales (aka “The Nortel Garage Sale”) have been interesting but not terribly exciting unless you take into account the public temper tantrums that Research in Motion had after it wasn’t allowed to participate in the auction for Nortel’s CDMA wireless business and LTE R&D unit. But it looks like things could [...]
Nortel Garage Sale Carries On
Another day, another part of Nortel to auction off to the highest bidder. This time, the company plans to sell the software assets of its carrier division. An interesting part of the proposed sale is it includes non-patent intellectual property, equipment and other related assets. Instead, Nortel said in a filing it will a non-exclusive [...]
Major Cuts Coming in Enterprise Unit
With the sale of Nortel’s enterprise business to Avaya for $915-million, Avaya appears to be wasting no time in mapping out its initial plans. The company plans to keep only 60% of Nortel’s North American employees, which probably means thousands of jobs will be eliminated. The restructuring should not be a surprise given the overlap [...]
Letting the (Optical) Bidding Begin!