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Tag Archives: nokia siemens
Ciena Taking Home a MEN
Ciena has apparently won the auction for Nortel’s metro Ethernet network networking business with a $769-million offer, following a three-day auction in New York against Nokia Siemens. Reuters reports that Ciena offered $530 million in cash and $239 million in convertible notes, nearly 50% higher than its original $510-million “stalking horse” bid. More: According to [...]
Ciena Goes Higher for MEN
Ciena has apparently bumped up its offer for Nortel’s optical networking and carrier Ethernet business by about 40% to $714 million. Reuters reports that Ciena’s new bid is $500 million in cash and $214 million in convertible notes. This compares with the original “stalking horse” offer of $350-million cash and 10 million shares. The offer [...]
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 [...]
Nokia Siemens to Bid for MEN
It looks like Ciena will not be the only bidder for Nortel’s metro Ethernet network business, which goes on the auction block tomorrow. According to TheStreet, Nokia Siemens Networks (NSN) will be submitting an offer that could include an investment from private-equity firm One Equity Partners. One Equity’s investment portfolio includes TVGuide, CarlsonWagonlit Travel, Telwares [...]
Who’s Else Wants MEN
With three days left before bidding closes for Nortel’s metro Ethernet network business, the big question is whether anyone else is going to step up to the plate. In a research report issued today, Jefferies & Co. analyst George Notter suggests other bidders could include Ericsson and Nokia Siemens Networks, which lost out to Ericsson [...]
Path Cleared for Ciena-MEN Deal