-
Mark’s Blogs
Find ME Online
-
Tag Archives: Optical
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 [...]
Letting the (Optical) Bidding Begin!
The auction of Nortel’s optical and Ethernet assets has overcome a hurdle after bankruptcy courts in the U.S. and Canada approved Ciena’s $521-million “stalking horse” bid. The approval came after the judges expressed some unhappiness with some of the details of the bid, including Ciena’s break-up fee. “We understand that there were changes to the [...]
Nortel’s #1 in 40G and 100G
Lost amid Nortel’s march toward oblivion is the fact there’s some great, leading edge technology within the company, which will end up on the hands of several happy purchasers. Infonetics Research, for example, issued a new report on the optical equipment market that they consider Nortel to be the leader in 40G and 100G technology. [...]
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 [...]
Nortel (Ciena) Rolls Out 100G