Ciena Corp. agreed to acquire Nortel Networks Corp.'s division that develops networking gear used to transmit data and voice traffic within and between cities, for a total of $769 million.
In an auction that started Friday morning, Ciena Corp. of Linthicum Md. beat out Nokia Siemens Networks and its partner, private-equity
Sorry this is premium content. To read news articles more than 7-days old you need a subscription,
or you can use pay-per-view to access this article. For subscription options, click
HERE.
This content is delayed by at least 1 hour from original time of publishing