Sponsors

HD Voice News

Nortel Carrier VoIP division in “stalking horse” buy with GENBAND

Tweet

The walking corpse of Nortel has entered into a “stalking horse” asset sale agreement with GENBAND for most of Nortel’s Carrier VoIP and Application Solutions (CVAS) business. It’s a deal that’s almost as interesting as last year’s “purchase” of Sylantro by BroadSoft. (translation = VERY).

Under the deal — with a big “BUT” –  [...]

Metaswitch Munches the Middle, Makes More Money

Tweet

A quick review of Metaswitch’s latest news over the past six weeks reveals that the company is racking up a lot of wins among the larger Tier 2/Tier 3 CLECs and MSOs.  And, oh by the way, has been increasing revenue at a steady pace.

Regional CLEC Cavalier (www.cavtel.com), split-personality SureWest Communications (Northern California [...]

Nortel CEO Mike Zafirovski finally departs – Took you long enough

Tweet

To the surprise of no one, Nortel CEO Mike Zafirovski has departed his sinking ship, just before the final pieces of the wreckage are sold off to the highest bidder. He leaves “at a natural transition point” as the company is broken apart in bankruptcy and it reports double the losses it had last [...]

Ericsson buys Nortel wireless assets for big money

Tweet

Ericsson announced its interest in Nortel’s wireless assets late, but it came home the winner, paying $1.13 billion for Nortel’s LTE and legacy CDMA business.   The deal will likely almost double Ericsson’s revenues in North America over the short term; Nortel’s CDMA operation ran at about $2 billion last year as compared to Ericsson’s [...]

Nortel's fire sale starts today

Tweet

Nortel’s CDMA and LTE wireless assets are first up on the block today.  The good news for Nortel is 1) There are multiple bidders and 2) The price tag seems to go up every time someone issues a press release.

Nokia Siemens Networks, Research in Motion, Ericsson, and MatlinPatterson have all made offers in [...]

Nortel and RIM – WTF?

Tweet

BlackBerry daddy Research in Motion (RIM) wanted to put in a $1.1 billion bid for Nortel assets, but  walked away from the deal when Nortel put too many conditions on the deal.  Seriously, what is wrong with this picture? A) Nortel dictating terms to anyone offering $1.1 billion (Canadian, US, whatever, a billion is [...]

Avaya, Aastra jump into the Nortel bankruptcy circus

Tweet

Avaya and Aastra have made separate moves to get into the Nortel bankruptcy circus.  Avaya is offering cash for assets, while Aastra will offer migration incentives (i.e. a sale) to get customers to switch.

In a press release today, Avaya announced it has signed agreements to pick up Nortel’s enterprise solution business for $475 [...]

Nortel loses London Olympics, Cisco grabs gold

Tweet

Lost in the chaos last week, the London Organising Committee of the Olympic Games and Paralympic Games (LOCOG) uncerimonously dumped Nortel as its “Official Network Infrastructure Partner” for the London 2012 Olympic and Paralympic Games.  Never fear, Cisco is here!

LOCOG cited the pending dissolution of Nortel in bankruptcy court as the primary [...]

Nortel bid drama stirred by NSN, MaitlinPatterson

Tweet

News reports across the wire are repeating comments by a Nokia Siemens Network (NSN) official who said the company might bid on other Nortel assets as they become available.  Meanwhile, vulture capital firm MaitlinPatterson Global Advisors is proportedly building a “dream team” of executives to advise on reorganizing and running Nortel if it wins [...]

Is Nortel ready to fall lower?

Tweet

Last week, Nortel was too busy pimping its own assets rather than talking about the future of the company, reports Wireless Week. With July 21 looming as the final date to bid on Nortel assets, a little panic may be setting in.

A Nortel event last week was supposed to be a discussion on [...]