Recent Event Highlights: Ericsson gets Court's approval to buy Nortel MSS unit (USA) - Wireless Federation, Court approves $65m sale of Nortel MSS unit to Ericsson - Total Telecom, Avaya: Nortel Partner Integration Ahead of Schedule - Phone Plus, Nortel Paid Mike Zafirovski $2.3M When He Resigned - Billing World, Nortel Paid Mike Zafirovski $2.3M When He Resigned - Phone Plus, Bankers, lawyers asking for more in Nortel auction - Ottawa Citizen, and 7 more...
Created by dipity on Sep 11, 2009
Last updated: 10/30/10 at 06:15 AM
MarketPlace NewsProcessor.comNot long after purchasing CDMA and LTE properties from the remaining assets of Nortel, Ericsson has agreed to acquire Nortel's MSS (multi-service switch) ...
Ericsson gets Court's approval to buy Nortel MSS unit (USA)Wireless FederationThe multi-service switch unit provides data networking infrastructure solutions to telecom service providers and large enterprise customers. ...
Court approves $65m sale of Nortel MSS unit to EricssonTotal Telecom24 auction with a $39 million bid. Ericsson said the acquisition will boost the code division multiple access business it already purchased from Nortel. ...
Avaya: Nortel Partner Integration Ahead of SchedulePhone PlusAvaya won bankrupt Nortel's enterprise unit at auction in September 2009 for $900 million. Once that happened, concerns grew that Avaya might be too small ...and more »
Covad, Megapath Merger to Create Nation's Largest IP Broadband FootprintTMCnetIn what's probably the biggest industry news to emerge since Nortel (News - Alert)'s major divisions hit the auction block, ...and more »
Ciena closes Nortel deal, details joint road mapConnectedPlanet (blog)Ciena acquired Nortel's Metro Ethernet Network (MEN) and optical networking businesses in an auction purchase back in November – the final deal came in on ...and more »
Nortel Paid Mike Zafirovski $2.3M When He ResignedBilling WorldAll told, Nortel handed out $14.2 million in cash compensation, $8.6 million of which was considered bonus payouts, to seven executives in 2009. Enterprise ...and more »
Nortel Paid Mike Zafirovski $2.3M When He ResignedPhone PlusMeanwhile, Pavi Binning, who's leading Nortel as it completes its auction efforts, raked in $1.95 million, $1.33 million of which was bonuses. ...and more »
Hill Dickinson LLP > Access for allLinex Legal (registration)The moratorium arises by virtue of paragraph 43(6) of Schedule B1 to the Insolvency Act 1986 (inserted by The Enterprise Act 2002), which provides: “(6) No ...and more »
Wi-LAN on brink of biggest windfall to dateCBC.caNortel filed under a mountain of debt that surpassed US$10-billion. To settle up with a long list of creditors, Nortel has proceeded to auction off its core ...and more »
Bankers, lawyers asking for more in Nortel auctionOttawa CitizenJeffries, which is providing investment banker advice to Nortel creditors, is also seeking improvements in the fees because the auction process has gone on ...and more »
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 the victor in a heated auction with a bid nearly double its original price. Even as a complex integration is underway, Ali continues to scan the landscape Avaya's next target. - Suzanne Stevens
...the recession. Nortel lost a bidding war for Avaya two years ago for $8.2 billion U.S. in cash and stock. Avaya and Nortel's enterprise businesses then were about equal in size with sales of about $3.5 billion U.S.. The Nortel enterprise division generated...
...which had the early lead in the bidding process with a $475 million opening, preauction bid, will gain the assets of Nortel's global Enterprise Solutions business as well as Nortel Government Solutions Inc. and Diamondware Ltd. "This is fantastic news for...
...national security grounds. Avaya Inc., a privately held U.S. firm that is the only publicly known bidder for Nortel's enterprise assets, is the stalking horse in the auction, meaning the company submitted the first bid. Avaya made a $475-million (U.S.) offer...
Globe and Mail
...division of Nortel Networks. (Nathan Denette/Canadnai Press) Friday is the deadline for bids in the auction for Nortel Network enterprise unit. But while a $475 million US bid by Avaya Inc. is the only outstanding offer on the books, many experts believe...
...Nokia Siemens Networks, a joint venture between Siemens and Nokia Corp. with an offer of US$1.13-billion. The auction for Nortel's enterprise division is slated for next Friday. From there, Nortel will select a winner and seek approval from U.S. and Canadian...
...and includes its optical and carrier ethernet technology. At Tuesday's hearing, Nortel's attorneys said that the sale of the enterprise business and its approximately 7,800 employees is more complicated than the auction of the wireless business. The wireless...
...the process that will allow other parties to bid for the assets. Separately, interested parties are to submit bids for Nortel's wireless technology business on Tuesday for an auction on Friday, when Zafirovski said new bidders may appear. "A stalking horse...
repurchase $456 million in auction-rate securities from investors as part of a settlement with the New York Attorney General's office and Securities and Exchange Commission. Telcom gearmaker Nortel announced that it will sell its enterprise solutions business to Avaya for $475 million dollars. and shareholders of drugmaker Wyeth voted overwhelmingly today to be bought by industry giant Pfizer. ... Haliburton Hasbro "CIT Group" Ameritrade Nortel telcom "Enterprise solutions" Avaya Wyeth ...
...for aggrieved investors Business Line e-paper from Sunday ADAG stake in Reliance Comm goes up to 66.6 pc Oracle takes over EnterpriseOne apps Satyam, MS to open BI facilities Domestic cos test online auction for carbon credits SPVs for satellite towns suggested...
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