Stories about: Nortel Networks
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Tech industry's biggest M&A deals of 2009 09 December, 2009 05:52
The top 10 mergers and acquisitions in the network industry in 2009 all cracked the billion-dollar barrier, and involved vendors in hardware, IT services, collaboration, storage, wireless infrastructure and other segments. IT behemoths such as Oracle, Cisco, Dell, HP, EMC and IBM were among the biggest spenders. - +
Ciena will pay $US769M for Nortel's metro Ethernet business 24 November, 2009 07:58
Ciena will pay US$769 million for the optical networking and carrier Ethernet assets of Nortel Networks' Metro Ethernet Networks business, the two companies said on Monday. - +
Nortel set to sell off GSM business 02 October, 2009 07:33
Nortel Networks is preparing to auction off its division that makes equipment for GSM (Global System for Mobile Communications) networks early next month, continuing the unloading of its businesses under bankruptcy reorganization. - +
Canadian government could stop Nortel-Avaya deal 29 September, 2009 03:18
The Canadian government's industry minister announced last week it will only allow Avaya to buy Toronto-based Nortel Networks's enterprise business if Avaya can prove the $US915 million deal is beneficial to Canada. - +
Henning Kagermann will join Wipro's board 23 September, 2009 06:58
Former SAP CEO Henning Kagermann is joining the board of India's third-largest outsourcer, Wipro, the company said on Tuesday in a filing to the Bombay Stock Exchange. - +
Avaya wins Nortel enterprise business for $US900 million 15 September, 2009 08:14
Avaya has emerged as the winning bidder for Nortel’s enterprise business, reportedly beating out Siemens Enterprise Communications over the weekend. - +
Deadline closes for Nortel enterprise sale 09 September, 2009 04:18
Avaya may be competing against other suitors in its efforts to acquire the enterprise assets of Nortel Networks, published reports indicate. - +
Report: Nortel CEO on his way out 10 August, 2009 08:33
Nortel Networks' CEO Mike Zafirovski will leave the troubled provider of telecommunications equipment in the coming weeks, The Wall Street Journal reported on Saturday, citing anonymous sources. - +
Ericsson wins auction to buy Nortel wireless business 27 July, 2009 08:37
Sweden's LM Ericsson has won the bidding war over the wireless assets of Nortel Networks, agreeing to pay US$1.13 billion for the financially beleaguered Canadian company's CDMA business and LTE Access technology. - +
Avaya set to buy Nortel enterprise business for $475 million 21 July, 2009 08:11
As expected, Nortel has entered into a "stalking horse" asset and share sale agreement with Avaya for its Enterprise Solutions business. - +
Teo launches unified communications system to integrate with Microsoft Exchange 13 July, 2009 14:03
Teo will launch a new unified communications system that integrates with Microsoft Exchange late this year, the company announced today at Microsoft's Worldwide Partner Conference in New Orleans.
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