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Tag Archives: auction
A Take on the Avaya Enterprise Deal
Here’s a guest post from Jeff Wiener, who runs Digitcom, a telecom equipment reseller. Jeff also writes The Telecom Blog, one of Canada’s leading telecom-focused. It’s been a long downhill battle for the last many years. Nortel has been languishing in the business sector, their prized business hampered by years of poor management and financial [...]
Avaya Wins Enterprise Auction
After a three-day bidding process, Avaya has agreed to purchase Nortel’s enterprise business for $900-million – nearly double the $475-million “stalking horse” bid it made last month. Avaya won the business by outbidding Siemens Communications, which submitted a last-minute bid on Sept. 4. The deal will give Avaya a business that had revenue of $2.4-billion [...]
Nortel Enterprise Auction is a Marathon
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 [...]
A Delay in the Auction Process?
For everyone waiting for the winner of the Nortel’s enterprise business to be announced, there may be a chance that you’ll have to wait until next week. According to documents within Epiq Systems, Verizon Communications will participate in an oral examination on Sept. 14 in New York City at the offices of Nortel’s lawyers Cleary [...]
Who Wins Enterprise?
It should be an interesting day in New York City as Nortel’s enterprise business goes on the auction block – and another large chunk of what was once one of the leading telecom equipment suppliers disappears. In one corner sits Avaya, which staked an initial claim with a $475-million “stalking horse” bid. If Avaya wins, [...]
Hackney’s Speech to the Enterprise Troops