Siemens venture looking at Nortel's enterprise unit

05/14/2009 | Reuters

Nortel Networks' enterprise business has attracted the interest of Siemens Enterprise Communications, whose chief executive officer, James O'Neill, cited the bankrupt equipment maker's dealings with the U.S. government as a major factor. The joint venture between Siemens and U.S. investor Gores Group wants to branch out beyond its European and Asian base to the U.S. market, O'Neill said.

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