NCR chief financial officer to resign, controller named interim CFOOctober 7th, 2009 NCR chief financial officer to resignDULUTH, Ga. — NCR Corp.
Ciena offers $521 million for Nortel business units, path open to higher bidsOctober 7th, 2009 Ciena bids $521M for Nortel business unitsTORONTO — Ciena Corp. is offering cash and stock worth $521 million to acquire some of Nortel's most-prized remaining business units as the fallen telecommunications company continues to liquidate.
Ciena agrees to buy Nortel assets for $521 million, path still open for higher bidsOctober 7th, 2009 Ciena agrees to buy some Nortel assets for $521MLINTHICUM, Md. — Ciena Corp.
Nortel's GSM business also on auction blockOctober 2nd, 2009 TORONTO - Nortel, the 124-year-old Canadian telephone equipment company that is selling its various businesses to pay off its debtors, has announced to auction its GSM (global system for mobile communication) business also. Like the previous auctions of the company's wireless business and enterprise unit, the GSM division will also be sold through "open auction", Toronto-based Nortel said in a statement here.
Canada to review Avaya purchase of Nortel assets to determine if deal benefits CanadaSeptember 24th, 2009 Canada to review Nortel-Avaya dealTORONTO — Canada's industry minister said Thursday he will review the sale of Nortel's enterprise division to U.S. telecom company Avaya to determine if the deal significantly benefits Canada.
Nortel puts carrier network business also on saleSeptember 23rd, 2009 TORONTO - The bankrupt Nortel has taken yet another step closer to fading into history by announcing auction of its carrier networks business. The decision was announced Monday.
Judges in US, Canada approve bankruptcy sale of Nortel business systems unitSeptember 16th, 2009 US, Canadian judges approve Nortel bankruptcy saleWILMINGTON, Del. — Nortel Networks Inc.
Bankruptcy judge rejects Verizon objection to sale of Nortel business systems unitSeptember 16th, 2009 Nortel bankruptcy judge denies Verizon objectionWILMINGTON, Del. — The judge presiding over the Nortel Networks bankruptcy has ruled against an objection by Verizon Communications Inc.
Nortel to sell its enterprise business FridaySeptember 5th, 2009 TORONTO - Toronto-based Nortel, which is selling its businesses to pay off its creditors, will auction its second biggest division next Friday. The enterprise unit that makes network equipment will be auctioned under court supervision.
Nortel's end begins with auction of wireless businessJuly 25th, 2009 TORONTO - The liquidation of Canada's fabled Nortel began Friday. After a troubled decade, the 127-year-old telecom equipment giant went under the hammer in New York to sell its wireless business to the highest bidder.
Ericsson also bidding for Nortel's wireless businessJuly 24th, 2009 TORONTO - Sweden's Ericsson has entered the bid to acquire the next-generation wireless business of Nortel. Toronto-based Nortel, which is selling its various divisions as part of its liquidation plan, will auction its wireless business Friday in New York.
Research In Motion hangs tough on Nortel Networks wireless bid, says fight for assets not overJuly 22nd, 2009 RIM hangs tough on bid for Nortel wireless assetsTORONTO — Communication industry analysts say Research In Motion is refusing to budge in its pursuit of Nortel Networks' wireless business because its key technology patents could help secure RIM's future as a mobile phone technology leader. Veritas Investment Research Corp.
Dying Nortel sells business to rival for $475 mnJuly 21st, 2009 TORONTO - Nortel, the once global telecom equipment giant that declared it would liquidate itself last month, has announced that it was selling its enterprise business to rival Avaya Inc. for $475 million.
Avaya GlobalConnect sees business in newer verticalsMay 20th, 2009 MUMBAI - Avaya GlobalConnect, India's leading enterprise business communications solutions provider today unveiled its strategic roadmap in India for 2009. The company announced its renewed focus on technology solutions for the BFSI, Manufacturing, Healthcare, Hospitality and other verticals.
Avaya GlobalConnect appoints new leaderMay 4th, 2009 NEW DELHI - Avaya GlobalConnect (AGC), India's leading business communications solution provider, has appointed Anil Nair as the New MD. Prior to this, Anil was the President at AGC.
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