Almost a year after Nortel filed for bankruptcy, we take a look at what’s left of the 114-year-old company that began as Northern Electric and Manufacturing to sell telephones to Canadians. All that remains are some patents and an IP phone joint venture with LG. Read More »
Tech
Ciena today beat out Nokia Siemens Network to buy bankrupt Nortel’s metro Ethernet business for $769 million, winning the bidding war for the assets that it began in October. A court will still have to approve the deal that will see Ciena, which makes fiber… Read More »
Global revenue growth from mobile phone subscriptions has slowed, according to data released today by research firm Telegeography. The firm notes that the top 20 global service providers generated $251 billion during the first three months of 2009, which was only up 3 percent from… Read More »
Nokia Siemens Networks has offered to buy several business units of bankrupt telecommunications gear provider Nortel, according to the Wall Street Journal. The Journal reports that Nokia Siemens has bid on Nortel’s Long Term Evolution (LTE) R&D unit and its carrier networks business, to help… Read More »
Like any celebrity coyly letting the tabloids speculate about the status of her relationship, the bankrupt Nortel seems to have the business press all aflutter with news that instead of emerging from bankruptcy, the company may break up its business. The Wall Street Journal says… Read More »
Three Chinese mobile networks plan to spend a total of 280 billion yuan ($41 billion) over the next two years building out 3G networks, for which the government will announce licenses at the end of 2008 or in early 2009. Plans like that would normally… Read More »
