Analysts predict Canadian telecoms-equipment supplier Nortel Networks will be sold off in pieces rather than emerge from bankruptcy protection intact. Among the companies interested in Nortel's assets are Ericsson, Huawei Technologies and Nokia Siemens Networks, which reportedly has made an informal offer for the carrier unit. "We are pursuing opportunities that we believe will provide maximum benefit to our key stakeholders, including our creditors, customers and employees," Nortel said.

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