Posts tagged “Telecommunications and Wireless”

December 7, 2009

Premium Lock Many of Nortel’s RTP employees closer to getting new boss – Avaya

Nortel The New jersey-based telecommunications gear maker receives Canadian government approval for acquisition of Nortel’s enterprise business unit. Most Nortel RTP workers are part of that group. The acquisition is expected to close in December.

December 3, 2009

Premium Lock Analyst warns Nortel acquisition poses risks for Ciena

Ciena faces challenges with Nortel deal, analyst says Maryland-based telecommunications gear maker prevails in auction fight for Nortel’s optical and Ethernet business unit. But the deal will challenge Ciena management, says Jefferies analyst George Notter.

Updated December 3, 2009

Premium Lock Courts approve Nortel's business unit sale to Ciena for $769 million

Nortel Bankrupt telecommunications gear maker and Maryland-based Ciena prevail in a court fight against Nokia Siemens, which had submitted a higher bid on Tuesday.

December 2, 2009

Premium Lock Nokia Siemens objects to Nortel’s sale of optical, Ethernet business to Ciena

Nortel The Skinny: Calling Ciena’s bid that includes convertible notes as posing ‘considerable risk,’ Nokia Siemens also ups its offer $40 million to $810 million – in cash.

November 30, 2009

Premium Lock A navigation 'butt-kicking'? GPS on phones vs. personal devices

Facing Google threat. manufacturers of standalone GPS products will have to move quickly and smartly to transform their dumb map readers into intelligent devices that can provide a host of services such as traffic avoidance.

A Garmin device A Garmin device

Updated November 27, 2009

Premium Lock Lenovo reacquires mobile phone business for $200 million

Lenovo's HQ World’s No. 4 PC maker, which is based in Morrisville, had spun off Lenovo Mobile in 2008. Convergence of PCs, mobile devices is seen as 'significant growth opportunity,' Lenovo says.

November 25, 2009

Premium Lock Holiday cheers and jeers – AT&T, Verizon squabble over ads in court

Wireless battle rages AT&T and Verizon, two offspring of Ma Bell, are getting more aggressive in their marketing, though it's not clear how much they are spending. Verizon and AT&T are both pulling away from their smaller rivals, so instead of competing with Sprint Nextel Corp. and T-Mobile USA, they're increasingly focused on each other.

Updated November 25, 2009

Premium Lock Ericsson buys another piece of Nortel for $70 million

Ericsson In latest sale of assets, bankrupt Nortel sells its mobile communications business known as GSM to Ericsson and a related business to Kapsch CarrierCom in a deal worth $103 million.

Updated November 24, 2009

Premium Lock Nortel’s M&A scoreboard – Moving toward the end of a former giant

Nortel's selloff scorecard grows All About Nortel: In a year since declaring bankruptcy, Nortel keeps selling off pieces. Not much is left.

Updated November 23, 2009

Premium Lock Ciena tops Nokia Siemens to win Nortel optical, metro Ethernet business

Ciena prevails in auction for Nortel business unit Maryland-based telecom gear maker says it tops bidding process with $769 million offer of cash and notes. In a statement, Nokia Siemens confirms it lost out. Courts will review offer on Dec. 2.

Updated November 20, 2009

Premium Lock One at a time, please: Nortel delays one auction because of another

Nortel Bidding today for the Metro Networks piece of the bankrupt company pushed off an auction on its GSM/GSM-R business.

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The Skinny: A Blog by Rick Smith