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Tag Archives: ethernet
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 [...]
Ciena to Buy NT’s Optical/Ethernet Assets
In a move that was prematurely announced last week, Ciena has made a “stalking horse” bid for most of Nortel’s optical and Ethernet assets. The offer is worth $521-million – $390 million in cash and 10 million common shares. Ciena disclosed the deal last Friday in a press release on its Web site. The press [...]
Did Ciena Spill the Beans on Nortel Deal?
Ciena issued a press release today that it is in “advanced discussions” to acquire substantially all of the optical networking and carrier Ethernet assets of Nortel’s Metro Ethernet Networks (MEN) business, adding any agreements would be “subject to a competitive bidding process”. But some alert AAN readers contend Ciena may have prematurely spilled the beans [...]
Ciena Looking at Nortel Assets
According to Bloomberg, Ciena Corp. is in discussions to acquire most of Nortel’s optical networking and Ethernet assets. Although the are reportedly “advanced,” Ciena said a deal would only happen after a competitive bidding process. The asset that Ciena wants is Nortel’s metro Ethernet network (MEN) business, which Nortel originally put on the block a [...]
Letting the (Optical) Bidding Begin!