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Article: United States: Nokia Siemens Said to Be Considering Bid for Nortel Business.
- Article from:
- TendersInfo
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mamta03
Nokia Siemens Networks may bid for Nortel Networks Corp. s optical-networking business, challenging Ciena Corp. for the unit of the insolvent communications equipment maker, said two people familiar with the matter.
Buying the assets would help Espoo, Finland-based Nokia Siemens expand in North America, according to one of the people, who declined to be identified because the auction isn t public. The unit operates in more than 65 countries, providing high- speed data networks in cities. The bid deadline is Nov. 9 and the auction is set for Nov. 13.
Nokia Siemens will have to bid more than the $506 million Ciena is offering to ...