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On June 22 Nokia Siemens Networks BV became the stalking-horse bidder for the wireless infrastructure business of bankrupt Nortel Corp. If its $650 million bid succeeds, it will get Nortel's CDMA operations (the world's second largest) plus its LTE assets. LTE, or long-term evolution, is a standard for the next...
Posted on June 29, 2009 9:38 AM
As reported earlier on The Deal Pipeline (subscription required), bankrupt Nortel Networks Corp. has accepted a $650 million stalking-horse bid from Nokia Siemens Networks BV for its wireless infrastructure business. Though the Nortel liquidation now under way is not a surprise at this point, it's still a breathtaking fall for...
Posted on June 22, 2009 11:02 AM
If telecom supplier Nortel Networks Corp. (NYSE:NT) should liquidate instead of re-emerging from bankruptcy, it looks like there's plenty to sell. According to The Wall Street Journal and other media reports, Nortel is in talks about selling its enterprise unit and wireless equipment business. Nokia Siemens Networks, Avaya Inc. (NYSE:AV),...
Posted on March 12, 2009 12:13 PM
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