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Deal Economy 2010: Avaya's Ali on digesting Nortel (from Corporate Dealmaker)

Avaya Inc.'s Mohamad Ali had little time to settle in after becoming senior vice president for corporate development in July. Four days after the former IBM Corp. (NYSE:IBM) dealmaker started, Avaya made a $475 million stalking-horse bid for a unit of bankrupt Nortel Networks Corp. The enterprise communications provider was...

Posted on November 20, 2009 1:31 PM

Tough year, new CEO for Nokia-Siemens Networks (from Corporate Dealmaker)

Some joint ventures have a defensive aspect -- for example, when a couple of companies combine subsidiaries to try and stay a step ahead of consolidation in a sector. That was the case in April 2007 when Nokia Oyj (NYSE:NOK) and Siemens AG (NYSE:SI) folded their telecom infrastructure businesses into...

Posted on October 15, 2009 1:44 PM

Nortel CEO steps down as selloff nears finish (from Corporate Dealmaker)

Mike Zafirovski stepped down as president and CEO of once-sprawling, now bankrupt telecom equipment maker Nortel Networks Corp., saying "at the end, the capital structure and legacy costs coupled with the economic downturn proved too difficult to surmount." Zafirovski took over in 2005 and tried to turn the company...

Posted on August 10, 2009 4:25 PM

Nortel patents part of Canadian drama (from Corporate Dealmaker)

Thursday's update on the battle for the wireless assets of bankrupt Nortel Networks Corp. comes from the Ottawa Citizen, where James Bagnall crisply makes the case that "Nortel needs to get its businesses in the right hands before all is lost."Quick recap: As reported on The Deal Pipeline (subscription required),...

Posted on July 30, 2009 11:07 AM

Nortel patents still wildcard as courts review bid (from Corporate Dealmaker)

As courts in Delaware and Ontario hold a joint hearing Tuesday to review Ericsson AB's winning $1.13 billion bid for the wireless infrastructure assets of bankrupt Nortel Networks Corp., Canadian government officials are leaving open the option of intervening to keep key next-generation technology in Canadian hands. Ontario-based Research In...

Posted on July 28, 2009 12:01 PM

Nortel's patents are wildcard in Friday auction (from Corporate Dealmaker)

On the eve of a heated auction for the wireless infrastructure assets of bankrupt telecom equipment maker Nortel Networks Corp. -- scheduled for Friday -- the company's portfolio of wireless communications patents looks like something of a wildcard.Given the way that licensing negotiations in this huge, patent-intensive industry can resemble...

Posted on July 23, 2009 1:06 PM

IBM dealmaker joined Avaya on eve of Nortel bid (from Corporate Dealmaker)

A major bankruptcy, distress, consolidation: Some people would wonder how much opportunity there is in the enterprise communications business, where all this is going on. But not Mohamad Ali, who on July 15, after more than 13 years at IBM Corp. (NYSE:IBM), began a new job as senior vice president...

Posted on July 20, 2009 5:33 PM

Nokia Siemens-Nortel deal a boost for Dallas (from Corporate Dealmaker)

Nokia Corp. (NYSE:NOK) is based in Finland, Siemens AG (NYSE:SI) is German, and Nortel Networks Corp. is in Canada, but a possible deal tying these three companies together has a strong presence in Dallas. Joint venture Nokia Siemens Networks BV, which has had a weak U.S. presence in comparison...

Posted on July 20, 2009 3:05 PM

Bankrupt Nortel Networks selling LG-Nortel for $1B? (from Corporate Dealmaker)

Telecom equipment maker Nortel Networks Corp. (NYSE:NT), which on Tuesday was granted a three-month extension of bankruptcy protection by a Canadian court, may be selling its controlling stake in a South Korean joint venture for close to $1 billion.Citing dealmakers, Financial Times reports the sale would interest foreign private equity...

Posted on April 29, 2009 9:11 AM

Nokia cutting 1,700 jobs amid plummeting demand (from Corporate Dealmaker)

Nokia Oyj announced its intention Tuesday to lay off approximately 1,700 employees. The world's largest handset maker has seen demand for its products plummet. Net profit declined 70% in the fourth quarter alone. According to the company, the layoffs will hit several sectors including devices, global support functions and corporate...

Posted on March 17, 2009 10:46 AM

Bankrupt Nortel puts Metro Ethernet sale on hold (from Corporate Dealmaker)

Trying to stave off bankruptcy last fall, Nortel Networks Corp. put its attractive Metro Ethernet unit on the block. According to press reports, possible bidders included Cisco Systems, Nokia Siemens, Ericsson and China's Huawei.But apparently bidders held back. (According to an article in Forbes, Huawei was tripped up by national...

Posted on February 4, 2009 5:50 PM