Nortel staff learning fate
Over the last two weeks Nortel staff have been learning whether they have a future with the company as the process of integrating the vendor into its new owner Avaya proceeds.
Over the last two weeks Nortel staff have been learning whether they have a future with the company as the process of integrating the vendor into its new owner Avaya proceeds.
Nortel employees won't find out their fate until mid-November and the vendor's customers will have to wait until at least the end of the year before they can see a new product roadmap, according to the company's Australian chief.
A mere five days before Ciena (NASDAQ: CIEN) announced it's deal to purchase Nortel's (NRTLQ.PK) Metro Ethernet Networks business, Ciena was prepared to pay US$10 million in cash more for it.
Nortel Networks is preparing to auction off its division that makes equipment for GSM (Global System for Mobile Communications) networks early next month, continuing the unloading of its businesses under bankruptcy reorganization.
The Canadian government's industry minister announced last week it will only allow Avaya to buy Toronto-based Nortel Networks's enterprise business if Avaya can prove the $US915 million deal is beneficial to Canada.
Users should chart the progress of Avaya's purchase of Nortel's enterprise assets carefully, so that they are spared any unpleasant product integration or rationalization surprises.
Nortel enterprise customers will be able to buy the company's current line of products for 12 to 18 months after Avaya officially takes ownership of Nortel's enterprise division that it won at auction for $US900 million.
The biggest issue facing Nortel enterprise customers on the heels of Avaya's US$900 million purchase of that business is product overlap, consolidation and subsequent support, analysts say.
Avaya has emerged as the winning bidder for Nortel’s enterprise business, reportedly beating out Siemens Enterprise Communications over the weekend.
Avaya may be competing against other suitors in its efforts to acquire the enterprise assets of Nortel Networks, published reports indicate.
Nortel is reportedly close to receiving an offer for its Carrier VoIP business.
Nortel CEO Mike Zafirovski stepped down Monday, having failed to revitalize the bankrupt telecommunications giant after a mid-decade accounting scandal and the current economic downturn.
Nortel Networks' CEO Mike Zafirovski will leave the troubled provider of telecommunications equipment in the coming weeks, The Wall Street Journal reported on Saturday, citing anonymous sources.
Ericsson's winning bid for Nortel's wireless assets is intended to strengthen the Swedish telecom giant's presence in North America, company executives said during a conference call Monday.
Sweden's LM Ericsson has won the bidding war over the wireless assets of Nortel Networks, agreeing to pay US$1.13 billion for the financially beleaguered Canadian company's CDMA business and LTE Access technology.