Wednesday, 19 September 2018

Friday Review: One small step

By Mary Lennighan, Total Telecom
Friday 24 July 09

Nortel finds itself on the brink of extinction as CDMA/LTE assets go on the block and Avaya moves for enterprise business; plus this week's financial highlights.

In the week that the world celebrated the fortieth anniversary of U.S. astronaut Neil Armstrong's famous "one small step" onto the moon, Nortel Networks is just a small step of its own from disappearing from the telecoms landscape. We are just hours away from the auction in New York of the Canadian vendor's wireless business. The process could take some time, but the assets will have a new owner in a matter of days. And further chipping away at the old block, the auction comes less than a week after Avaya agreed to acquire Nortel's enterprise solutions business. Last month it seemed unlikely that Nokia Siemens Networks' US$650 million stalking horse offer for Nortel's CDMA and LTE assets would draw any more bidders. However, the auction of the assets scheduled to take place today will have three participants…

In the week that the world celebrated the fortieth anniversary of U.S. astronaut Neil Armstrong's famous "one small step" onto the moon, Nortel Networks is just a small step of its own from disappearing from the telecoms landscape. We are just hours away from the auction in New York of the Canadian vendor's wireless business. The process could take some time, but the assets will have a new owner in a matter of days. And further chipping away at the old block, the auction comes less than a week after Avaya agreed to acquire Nortel's enterprise solutions business. Last month it seemed unlikely that Nokia Siemens Networks' US$650 million stalking horse offer for Nortel's CDMA and LTE assets would draw any more bidders. However, the auction of the assets scheduled to take place today will have three participants…

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