NSN looks to counter Ciena's winning bid for Nortel unit

12/1/2009 | Reuters · Light Reading

Nokia Siemens Networks said it would go to U.S. Bankruptcy Court today to challenge Ciena's $769 million bid in the recent auction for Nortel Networks' carrier Ethernet and optical-network units. The court will decide whether to approve Ciena's apparent highest bid, but NSN said it would argue that the winner's use of $239 million in debt to help finance the deal carries too great a risk.

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