Tag Archives: siemens

Avaya Wins Enterprise Auction

By Mark Evans | Published: September 14, 2009
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 [...]
Posted in Financials, M&A | Also tagged , , , , | 36 Comments

Nortel Enterprise Auction is a Marathon

By Mark Evans | Published: September 12, 2009
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 [...]
Posted in Enterprise, M&A | Also tagged , , , , | 74 Comments

A Delay in the Auction Process?

By Mark Evans | Published: September 11, 2009
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 [...]
Posted in Legal Issues, M&A | Also tagged , , , | 37 Comments

Two Bids for Enterprise Biz; Verizon Protests

By Mark Evans | Published: September 10, 2009
According to the Financial Times, there are two bidders for Nortel’s enterprise business: Avaya, which has made a $475-million “stalking horse” bid, and Siemens Enterprise Communications. The FT suggests the enterprise business be sold for as much as $600-million, although some industry watchers believe it could go for $800-million. The auction takes place tomorrow in [...]
Posted in General | Also tagged , , , | 30 Comments

Nortel Enterprise, Anyone?

By Mark Evans | Published: September 4, 2009
It’s September 4: three days before Labor Day, four days before the kids have to go back to school, and, oh yeah, it’s the last day to submit a bid for Nortel’s enterprise business. So, who wants in on the action? Siemens Gore? Word is you’ve got a bid burning a hole in your pocket. [...]
Posted in Financials | Also tagged , , , | 55 Comments

Where Are the Enterprise Bids?

By Mark Evans | Published: September 1, 2009
For anyone still interested in the Nortel Garage Sale, the deadline to submit a bid for Nortel’s enterprise business is Friday (Sept. 4), conviently before the Labor Day weekend. Aside from Avaya’s $475-million “stalking horse” bid, there’s nothing else of the table, although there have been rumors that Siemens Enterprise Communications and Matlin Patterson could [...]
Posted in Financials, M&A | Also tagged , , | 50 Comments
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