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Tag Archives: ethernet
So, Who Won MEN?
So, who won MEN? We know there was an auction yesterday for Nortel’s metro Ethernet business. And we know there were two bidders: Ciena and, most likely, Nokia Siemens. So, who took home the “prize” – an asset that Nortel viewed as its “crown jewel” when it originally put on the block more than a [...]
Nortel Postpones GSM/GSM-R Auction
Faced with the prospect of holding two auctions on the same day, Nortel has postponed the auction for its GSM/GSM-R business. The company said it is holding discussions with a number of interested parties, and will provide an update next week. In the meantime, Nortel will hold an auction today for its metro Ethernet division. [...]
Auction Delay Buoys Ciena Shares
Ciena shares posted a modest 5.6% rise today as investors reacted positively to the news that Nortel is extending the bidding deadline for its optical and ethernet business to Nov. 20. Ciena has made a “stalking horse” bid of $511-million ($390-million in cash and 10 million shares) for the business. Nortel apparently wants more time [...]
Four More Days for Optical Bids
Clearly not satisfied with a $511-million offer from Ciena, Nortel has decided to tack on an additional four days for others to make offers for its optical networking and carrier Ethernet business. The deadline is now Nov. 17. Nortel said the decision was made “in light of ongoing discussions with interested parties”. The company expects [...]
More Time on the Block for MEN
It appears that Nortel may not be getting as much interest in its metro Ethernet networking business. According to Bloomberg, the company could be looking to extend the deadline to sell MEN to give bidders more time to put together a deal. Right now, the only offer for MEN has come from Ciena, which has [...]
Ciena Taking Home a MEN