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Ciena Buys Nortel Assets for $769 Million

Wall Street Journal, The | 6 hours 48 minutes ago

TORONTO -- Ciena Corp. agreed to acquire a division owned by Nortel Networks Corp.'s that develops networking gear used to transmit data and voice traffic within and between cities, for a total of $769 million.... (more)


UPDATE 1-Mexico details terms for wireless auctions

Reuters | 6 hours 48 minutes ago

MEXICO CITY, Nov 23 (Reuters) - Mexico published on Monday terms for long-awaited frequency auctions in a sale that could attract big players like giant media company Televisa and Spain's Telefonica.... (more)


Ciena to buy Nortel's Ethernet assets

MarketWatch | 6 hours 49 minutes ago

Beats out bigger vendors with $769 million offer... (more)


Ciena buys Nortel business units for $769M

Philadelphia Inquirer, The | 6 hours 50 minutes ago

TORONTO - Ciena Corp. and Nortel Networks Corp. said Monday that Nortel has sold its global optical networking and carrier ethernet businesses to Ciena for $769 in cash and debt.... (more)


Ciena tops Nokia Siemens in Nortel auction

American City Business Journals | 6 hours 51 minutes ago

A $769 million bid from Ciena Corp. was enough to beat out Nokia Siemens and give the Maryland-based telecommunications equipment maker the victory in an auction to buy the optical networking and carrier Ethernet business of bankrupt Nortel Networks, the three companies announced Monday.... (more)


FCC Could Act Soon To Boost HD Radio FM Power

TWICE | 6 hours 52 minutes ago

Washington ? The Federal Communications Commission (FCC) might be able within a few weeks to approve the compromise proposal by iBiquity and National Public Radio (NPR) to boost the digital output of digital FM stations, said NPR Labs executive director Mike Starling.... (more)


South Koreans to get Apple's iPhone this week

Yahoo! | 7 hours 28 minutes ago

Apple Inc's iPhone is coming to South Korea this week, a local carrier announced Sunday, bringing the iconic communications device to one of the world's most sophisticated mobile phone markets.... (more)


Holiday shopping for a smartphone?

MSNBC | 7 hours 28 minutes ago

Wireless carriers have different policies about returns, termination fees... (more)


Will house prices get richer? IMF fears banks to party' on

Globe and Mail (Toronto), The | 7 hours 30 minutes ago

Plus, Canadian shoppers still spending. Gold continues to surge. And, Nortel breakup continues... (more)


Ciena Corp. wins bid for Nortel assets in bankruptcy auction

Sun (Baltimore), The | 7 hours 32 minutes ago

Ciena Corp., a Linthicum-based maker of fiber optic gear, said Monday that it won a bid for the optical-networking assets of Nortel Networks Corp. in a deal worth $769 million.... (more)


Ciena Wins Bid For Nortel's Optical Unit

Modern Materials Handling | 7 hours 32 minutes ago

TORONTO (CP) -- Ciena Corp. announced Monday it will offer jobs to at least 2,000 Nortel employees after it won a three-day auction for the bankrupt Canadian company's optical and Ethernet business units.... (more)


Ciena beats NSN to buy Nortel ops for $769 mln

Yahoo! | 7 hours 33 minutes ago

HELSINKI/NEW YORK (Reuters) ? Ciena Corp will buy the optical networking and carrier ethernet business of bankrupt Nortel for $769 million after it trumped Nokia Siemens Networks in a three-day auction.... (more)


FACTBOX-Bankrupt Nortel's asset sales

Reuters | 7 hours 34 minutes ago

Nov 23 (Reuters) - Ciena Corp (CIEN.O) will buy the optical networking and carrier ethernet business of bankrupt Nortel (NRTLQ.PK) for $769 million, sources told Reuters. [ID:nGEE5AM0EO]... (more)




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