Report: Nortel Mulling $1 Billion Offers for Various Assets
Nortel Networks (NT) the once multibillion-dollar telecom vendor now trading as a micro cap, may be considering offers of as much as $1 billion for its product portfolio of gear that lets phone companies string Ethernet networking to homes and businesses, according to a report in the Toronto Globe & Mail. Avian Securities’ analyst Avi Cohen argues the most likely bidders are Ericsson, Huawei, Nokia’s (NOK) Nokia Siemens, and Cisco Systems (CSCO), with Alcatel Lucent (ALU) and Motorola (MOT), less likely because of their own titanic problems.
