Nokia Siemens eyeing big pieces of Nortel: report
Last Updated: Wednesday, April 8, 2009 | 11:47 AM ET
The Canadian Press
Nortel Networks Corp. is in talks to have large pieces of its business scooped up by Nokia Siemens Networks, according to a report in the Wall Street Journal.
The Canadian telecom technology company, which is operating under court protection from creditors, has said that as part of the proceedings it would sell some of its business units.
But Nortel spokesman Mohammed Nakhooda declined to confirm whether discussions with Nokia Siemens have been taking place.
"It's our policy not to comment on industry rumour and speculation," he said in a phone interview.
"Planning is underway and we're pursuing opportunities that we believe will provide maximum benefit to our key stakeholders which include our creditors, customers and our employees."
The Journal said Nokia is interested in much of Nortel's profitable carrier networks unit — which sells to phone companies and the like — and a research unit developing a next-generation wireless technology.
It also said that an auction of Nortel's enterprise unit — which sells to non-carriers — last week attracted bids from competitors Avaya Inc. and Siemens Enterprise Communications.
Nokia Siemens is a joint venture between Finland's Nokia Corp. and Siemens AG, the German industrial conglomerate.
The Journal said that Nokia Siemens is moving aggressively to court carriers in the United States, where Nortel has a large installed base.
Nortel said last month it had closed the sale of parts of its application delivery business to Radware for $18 million.
The unit was part of the operations acquired by Nortel when it bought Alteon WebSystems of San Jose, Calif., in 2000, one of many purchases Nortel made during the telecom boom.
Share Tools
Top News Headlines
- Aylmer triple stabbing leads to first-degree murder charges
- The estranged partner of a young mother who was stabbed to death along with her parents at their home in Aylmer, Que., has been charged with first-degree murder Friday. more »
- Wildfires, high winds put northeastern Ontario on alert
- It's going to be a tense weekend in northeastern Ontario where strong, shifting winds have been fuelling a forest fire that has blanketed the Timmins area with smoke and ash. more »
- Labrador fire out of control
- A forest fire continues to burn out of control in Happy Valley-Goose Bay today, according to provincial firefighting officials. more »
- The risks and responsibilities of taking on Mt. Everest
- The deaths of five climbers last weekend on Mt. Everest, with more summits underway this weekend, fuels the debate about the risks and responsibilities of high altitude climbing. more »
Latest Technology & Science News Headlines
- Unloading of docked SpaceX capsule to start Saturday
- The privately bankrolled SpaceX Dragon capsule made a historic arrival at the International Space Station on Friday, and astronauts will begin unloading some of the 544 kilograms of food, water, clothing and other supplies its carrying starting Saturday. more »
- South Africa, Australia to share world's largest telescope
- South Africa and Australia will jointly host the Square Kilometre Array, which promises to be the world's largest telescope, the international consortium in charge of the project said Friday. more »
- Bonavista, N.L., 'coyote' was really wolf, tests confirm
- Wolves have not been seen in Newfoundland since around 1930 and were believed to have been hunted to extinction on the island, but genetic tests have confirmed that an 82-pound animal shot on the Bonavista Peninsula in March was, in fact, a wolf. more »
- Once-rare argus butterfly thriving thanks to climate change
- Global warming is threatening the existence of many species, such as the giant polar bear, but in the case of Britain's brown argus butterfly, it took a species in trouble and made it thrive. more »
- Yahoo scraps digital magazine designed for iPad
- Yahoo has killed Livestand, a tablet magazine, just six months after its debut on the iPad. more »
Bob McDonald's Blog
Government to shut down unique fresh water research area May. 25, 2012 12:31 PM The Experimental Lakes Area research facility in Northern Ontario is being closed down after 44 years of providing invaluable data to scientists in Canada and internationally, a decision that has stunned researchers and environmental groups.
Quirks & Quarks
- May 26: Before the Lights Go Out May. 25, 2012 4:15 PM A new book, "Before the Lights Go Out: Conquering the Energy Crisis Before It Conquers Us", suggests that the unpredictable, unplanned, ad-hoc way our energy use developed in the past will shape our energy future.
Latest Features
- Aylmer triple stabbing leads to first-degree murder charges
- Everest victim's husband says family not seeking government help
- B.C. premier unhappy with disgraced Mountie's transfer
- Canada ending 'Buffalo shuffle' for visas, closing consulate
- What a Greek euro exit could mean for Canada
- Third B.C. salmon farm quarantined
- RCMP officer charged in fatal crash
- Police probe Halifax homicide after shooting
- Ottawa man in hospital after lightning strike
