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Nortel Networks Corporation


News and Blogs

Total : 10 View more »

Who Tried to Save Nortel Networks?

www.phoneplusmag.com | Nov 2, 2009

A news brief: It has come to light that five former Nortel executives tried their hardest to save the company after it filed for bankruptcy.

http://www.phoneplusmag.com/hotnews/who-tried-to-save-nortel-networks.html

HP names Nortel's Chiang as GM

www.marketing-interactive.com | Nov 2, 2009

Marketing, MALAYSIA, PEOPLE, HP names Nortel's Chiang as GM, People Marketing Media Advertising Agency, Careers Media Marketing Advertising Online, Appointments Marketing Media Advertising Online Advertising,

http://www.marketing-interactive.com/news/16081

TCP/IP Protocol Stack Multiple Remote Denial Of Service Vulnerabilities

www.securityfocus.com

SecurityFocus is designed to facilitate discussion on computer security related topics, create computer security awareness, and to provide the Internet's largest and most comprehensive database of computer security knowledge and resources to the public. It also hosts the BUGTRAQ mailing list.

http://www.securityfocus.com/bid/31545

Ciena agrees to buy some Nortel assets for $521M

www.sfgate.com | Oct 7, 2009

Ciena Corp. says it has agreed to by the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business for roughly $521 million in cash and stock. Ciena, a telecommunications and network equipment maker, said Wednesday it...<br clear="both"

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2009/10/07/financial/f054416D97.DTL&feed=rss.business

 

Avaya receives approval from European Commission to acquire enterprise solutions business of Nortel

Update on November 19, 2009:

European Commission has approved the proposed acquisition of Nortel Networks Corporation's global enterprise solutions business by Avaya, Inc.

Avaya is a US-based provider of communication systems, applications and services, while Nortel is a Canada-based provider of networking products and solutions.

Update on November 11, 2009:

Avaya has granted early termination of the antitrust waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for the proposed acquisition of Nortel's global enterprise solutions business.

Update on September 16, 2009:

Avaya has received an approval from the United States Bankruptcy Court for the District of Delaware and the Ontario Superior Court of Justice to acquire substantially all the assets of Nortel's global enterprise solutions business.

Update on September 14, 2009:

Avaya has won the bid to acquire substantially all the assets of Nortel Networks Corporation's global enterprise solutions business as well as the shares of Nortel Government Solutions Incorporated and DiamondWare, Ltd. for $900 million in cash, with an additional pool of $15 million reserved for an employee retention program.

Announcement (July 20, 2009):

Avaya has signed an agreement to acquire Nortel's enterprise solutions business for $475 million.

The proposed acquisition includes the Nortel's enterprise solutions voice, data, and government systems businesses.

Rumor (March 12, 2009):

According to Bloomberg, The Wall Street Journal reported that Avaya along with a private equity consortium is planning to acquire the enterprise unit of Nortel.

Reportedly, Siemens Enterprise Communications and Gores Group LLC, a private-equity firm, are also interested in acquiring the enterprise unit of Nortel.

Nortel had filed for bankruptcy protection in January 2009. The company is planning to sell its core wireless-equipment business and its enterprise unit.

Citigroup and Duff & Phelps, LLC are acting as financial advisors, while Weil, Gotshal & Manges LLP and Ropes & Gray LLP are acting as legal advisors to Avaya.

Deal Value (US$ Million) 475
Deal Type                Acquisition
Sub-Category             Asset Purchase
Deal Status              Announced: 2009-07-20

Deal Participants

Target (Company)   Nortel Networks Corporation - Enterprise Solutions Business
Acquirer (Company) Avaya, Inc.
Vendor (Company)   Nortel Networks Corporation

Deal Rationale

Avaya believes the agreement is a significant step in strengthening its business communications and positioning the company to effectively deliver its enterprise communications solutions to customers around the globe. The addition of Nortel's enterprise solutions will increase Avaya's global scale, expand its channel partner network, and strengthen its portfolio of products and services.

Read more...

Tags: acquisition   antitrust   bankruptcy   business   canada   communications   delaware   equity   government   legal   networking   Private Equity   products   wireless  

Companies: Avaya, Inc. (AV), Nortel Networks Corp. (NRTLQ)

 

Ericsson acquires CDMA business and LTE Access assets of Nortel Networks Corporation - Zibb.com

Telefonaktiebolaget LM Ericsson (Ericsson) has completed the acquisition of substantially all of CDMA business and LTE Access assets of Nortel Networks Corporation for $1,130 million on a cash and debt free basis.

Ericsson is a Sweden-based provider of telecommunications equipment and related services to mobile and fixed network operators, while Nortel is a Canada-based provider of networking products and solutions to organizations.

Under the terms of the sale, Nortel will provide transitional services to Ericsson, and Ericsson will provide products and services to Nortel in support of those CDMA customers remaining with Nortel.

Update on October 30, 2009:

Nortel has amended its previously announced asset sale agreement with Ericsson regarding the sale of substantially all of Nortel's CDMA business and LTE Access assets.

Under the amendment, Nortel and Ericsson have extended closing date to November 30, 2009. The parties expect to close the sale prior to such date. The parties agreed to the extension in order to allow more time for the satisfaction of closing conditions, including regulatory approvals.

Update on September 17, 2009:

The Canadian government has cleared the proposed sale of Nortel's CDMA business and LTE Access assets to Ericsson.

Update on July 28, 2009:

Ontario Superior Court of Justice and the United States Bankruptcy Court for the District of Delaware have approved the proposed sale of Nortel's CDMA business and LTE Access assets to Ericsson.

Announcement (July 25, 2009):

Ericsson has entered into an asset purchase agreement to acquire substantially all of CDMA business and LTE Access assets from Nortel for $1,130 million on a cash and debt free basis. The assets are the part of Nortel's Carrier Networks division in North America.

The agreement includes CDMA contracts with North American operators such as Verizon, Sprint, US Cellular, Bell Canada, and Leap, as well as LTE assets, certain patents and patent licenses relating to CDMA and LTE.

Rumor (July 23, 2009):

According to Reuters, Canada's The Globe and Mail reported that Ericsson has submitted a bid to acquire the enterprise solutions business (CDMA and LTE wireless technology businesses) of Nortel for $730 million.

Avaya, Inc. and Siemens Enterprise Communications GmbH & Co. KG are also in the race to acquire enterprise solutions business of Nortel Networks.

SEB Enskilda and Ernst & Young AG are acting as financial advisors, while Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal advisor to Ericsson. Jefferies & Company, Inc. is acting as financial advisor to creditors of Nortel on this transaction.

Deal Value (US$ Million) 1130
Deal Type                Acquisition
Sub-Category             Asset Purchase
Deal Status              Completed: 2009-11-13

Deal Participants

Target (Company)   Nortel Networks Corporation - CDMA Business and LTE Access Assets
Acquirer (Company) Telefonaktiebolaget LM Ericsson
Vendor (Company)   Nortel Networks Corporation

Deal Rationale

The acquisition strengthens Ericsson's ability to serve North America's wireless operators in the evolution to LTE technology. The acquisition significantly expands Ericsson's footprint in North America, particularly as this region is emerging as an early adopter of LTE technology. The acquisition also provides Nortel's customers with a supplier for the future and also benefit from the continued support of Nortel's installed CDMA base and the migration path to LTE technology.

Read more...

Tags: acquisition   advisor   bankruptcy   business   canada   carrier   debt   delaware   government   legal   licenses   networking   north america   ontario   patent   products   sweden   technology   telecommunications   wireless  

Companies: Nortel Networks Corp. (NRTLQ), Telefonaktiebolaget LM Ericsson (ERIC)

 

Ciena Corporation receives regulatory approval to acquire assets of Nortel Networks Corporation's

Update on November 9, 2009:

Ciena Corporation has received regulatory clearances regarding its proposed acquisition of substantially all of the optical networking and carrier ethernet assets of Nortel Networks Corporation's Metro Ethernet Networks (MEN) business.

In the US, Ciena has granted early termination of the antitrust waiting period under the Hart-Scott-Rodino Act. In addition, Ciena also has received from the Canadian Competition Bureau a no action letter, terminating the applicable waiting period for the proposed transaction under the competition act.

Ciena is a US-based provider of communication network infrastructure, associated software and professional services, while Nortel Networks is a Canada-based provider of networking products and solutions.

Announcement (October 5, 2009):

Ciena is planning to acquire substantially all of the optical networking and carrier ethernet assets of Nortel Networks' MEN business.

Rumor (March 13, 2009):

According to Bloomberg, Ciena is planning to acquire MEN unit of Nortel Networks for about $300 million.

Reportedly, Lazard, Ltd. is acting as financial advisor on the sale to Nortel's assets.

Deal Value (US$ Million) 300
Deal Type                Acquisition
Sub-Category             Asset Purchase
Deal Status              Announced: 2009-10-05

Deal Participants

Target (Company)   Nortel Networks Corporation - Optical Networking and Carrier Ethernet Assets
Acquirer (Company) Ciena Corporation
Vendor (Company)   Nortel Networks Corporation

Deal Rationale

The transaction would enable Ciena to enhance its product portfolio with products that carriers can use to transmit video and other internet traffic within cities.

Read more...

Tags: acquisition   business   canada   carrier   Ethernet   internet   men   networking   optical   products   software   traffic   video  

Companies: Nortel Networks Corp. (NRTLQ)

 

Nortel and Ericsson amend asset sale agreement - Zibb.com

Nortel Networks has announced that it, together with its principal operating subsidiary Nortel Networks Limited and Nortel Networks Inc, entered into an amendment of its previously announced asset sale agreement with Telefonaktiebolaget LM Ericsson regarding the sale of substantially all of Nortel's CDMA business and LTE Access assets.

Under the amendment, Nortel and Ericsson have extended to November 30, 2009 the date by which to close the sale. The parties expect to close the sale prior to such date.

The parties agreed to the extension in order to allow more time for the satisfaction of closing conditions, including regulatory approvals.

http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon

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Tags: business  

Companies: Telefonaktiebolaget LM Ericsson (ERIC)

 

Web Sites

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Nortel Networks White Paper

www.nortelgov.com

For additional information on acceptable usage of this document (Tolly Group Document #204108) contact The Tolly Group at (561) 391-5610 or via E-mail at sales@tolly.com. Reproduction of this publication in any form without prior written permission is forbidden.

http://www.nortelgov.com/CUDocuments/TollyWPNortelNetwkIPPBXConversionMarch2004.pdf

Computer Hardware Deals - New and Used Cisco, Sun, IBM, HP and More

LEASE OR RENT PC EQUIPMENT Our equipment rental program is a great way to fill that short term IT requirement without spending a lot of money.

http://www.cpacinc.com/

Freelance Telecoms Engineer | South Queensferry, UK

www.people4business.com

Freelance Telecoms Engineer | South Queensferry, UK | Installation, Installation Supervision, Commissioning (DMS). SAP Data Management & process re-engineering

http://www.people4business.com/seller-286925.htm

Nortel Networks Alteon Switched Firewall White Paper

www.net-security.org

The Internet has become a vital resource for business of all sizes. E-mail is now a mission-critical resource; sharing applications and data online with customers, partners, and suppliers is becoming the standard way of conducting business.

http://www.net-security.org/dl/articles/04013.25-01-02.pdf

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Nortel Networks Corporation

www.nortel.com

Nortel is a recognized leader in delivering communications capabilities that enhance the human experience, ignite and power global commerce, and secure and protect the world's most ...

http://www.nortel.com/

Nortel - Wikipedia, the free encyclopedia

en.wikipedia.org

Nortel Networks Corporation (Pink Sheets: NRTLQ), formerly known as Northern Telecom Limited and sometimes known simply as Nortel, is a multinational telecommunications equipment ...

http://en.wikipedia.org/wiki/Nortel

Nortel: Corporate Information - Investor Relations - Financials

www.nortel.com

Nortel Networks Corporation Financials Please Note: The Company and Nortel Networks Limited (NNL) restated our ...

http://www.nortel.com/corporate/investor/reports/index.html

Nortel Networks Corporation (USA) - Google Finance

www.google.com

Get the latest on Nortel Networks Corporation (USA) including up to date news, high quality discussion groups and more on Google Finance.

http://www.google.com/finance?q=OTC:NRTLQ

News from Zibb.com

Events

Nortel and IBM Fall Roadshow

www.nortel.com

We're an online event planning service featuring event planners who do event production, event marketing, conference planning, event registration online, online ticketing registration, and much more.

http://www.nortel.com/ucfallroadshow

Nortel Meridian Conference Cards Price Buy

Along with the Nortel Networks Meridian conference cards, we also carry many other parts and accessories. All of our used and refurbished Nortel Networks Meridian conference cards go through a grueling inspection, testing and refurbishing process.

http://www.networkliquidators.net/nortel-meridian-conference-cards-category-2580.asp

Mobile World Conference Announcements

www.dailywireless.org

DailyWireless.org has been covering wireless developments, especially municipal wireless and WiMAX for over 5 years with nearly 7,000 in-depth articles archived. We also cover developments in Bluetooth, cellular, satphones and ultrawideband.

http://www.dailywireless.org/2008/02/11/mobile-world-conference-announcements/

What is IBM Power Systems?

www2.nortel.com

IBM Power™ Systems announces the highest performing member of its new generation of systems. Customers get full integration complementing Nortel's VoIP Solutions, eliminating the need for multiple servers for a complete UC solution.

http://www2.nortel.com/go/events_detail.jsp?cat_id=-8004&locale=en-US&oid=100241092

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