The auction of Nortel Networks' optical business, now set for Friday, has attracted a second bidder: Nokia Siemens Networks has joined Ciena in the auction, according to published reports. NSN has partnered with One Equity Partners in a process that had previously attracted only Ciena's $526 million "stalking-horse" bid. Nortel confirmed a second bidder is in play, but it declined to comment on the name of the party.

Full Story:
Bloomberg, Reuters

Related Summaries