Close
  • Latest News
  • Artificial Intelligence
  • Video
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Subscribe
Logo
  • Latest News
  • Artificial Intelligence
  • Video
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Subscribe
    Home Latest News
    • Networking

    Ciena Gets OK for Bid for Nortel Optical Network Business

    Written by

    Jeff Burt
    Published October 16, 2009
    Share
    Facebook
    Twitter
    Linkedin

      eWEEK content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More.

      The dismantling of Nortel Networks is continuing, with Ciena being the latest rival to make a bid to buy a part of the bankrupt company.

      Ciena on Oct. 15 won court approval of its $532 million “stalking horse” bid for Nortel’s Optical Networking and Carrier Ethernet business. The bid, originally put in Oct. 7 by Ciena, sets the floor price in an upcoming auction for the Nortel business, which is expected sometime in November.

      The move is the latest in a series by Nortel to sell off parts of its business. Nortel officials declared bankruptcy earlier this year, blaming the global recession for derailing its turnaround plans. Soon after, they decided to sell off businesses rather than try to reorganize under Chapter 11 protection.

      Avaya in September paid $900 million for Nortel’s enterprise business, which analysts said put Avaya at the top of the competitive enterprise telephony market.

      In addition, Nokia Siemens Network is buying Nortel’s CDMA (Code Division Multiple Access) wireless business and LTE (Long Term Evolution) technology for $650 million. Nortel also has agreed to sell its wireless technology business to Telefon AB L.M. Ericsson for $1.13 billion.

      On Sept. 30, Nortel announced plans to put its GSM/GSM-R wireless business on the auction block.

      Ciena is bidding for such technology as Nortel’s long-haul optical transport products, metro optical Ethernet switching and transport offerings, Ethernet switches, and network management software. It includes Nortel’s OME 6500, OM 5000 and CPL platforms, and its 40G/100G technology.

      Ciena currently has about 2,000 workers throughout the country, and officials said that if the deal goes through, they will hire about another 2,000 Nortel employees.

      Nortel’s assets would enable Ciena to quickly ramp its switching and transport business, and give it greater traction in the burgeoning automated optical Ethernet-based networking market.

      Ciena officials said the business in question generated about $1.36 billion in revenue for Nortel in 2008, and about $556 million in the first six months of this year.

      “This is a unique and exciting opportunity for us to accelerate our existing strategy and the pace of our growth plans by two to three years,” Ciena CEO Gary Smith said in a statement after the company made its initial bid.

      Jeff Burt
      Jeff Burt
      Jeffrey Burt has been with eWEEK since 2000, covering an array of areas that includes servers, networking, PCs, processors, converged infrastructure, unified communications and the Internet of things.

      Get the Free Newsletter!

      Subscribe to Daily Tech Insider for top news, trends & analysis

      Get the Free Newsletter!

      Subscribe to Daily Tech Insider for top news, trends & analysis

      MOST POPULAR ARTICLES

      Artificial Intelligence

      9 Best AI 3D Generators You Need...

      Sam Rinko - June 25, 2024 0
      AI 3D Generators are powerful tools for many different industries. Discover the best AI 3D Generators, and learn which is best for your specific use case.
      Read more
      Cloud

      RingCentral Expands Its Collaboration Platform

      Zeus Kerravala - November 22, 2023 0
      RingCentral adds AI-enabled contact center and hybrid event products to its suite of collaboration services.
      Read more
      Artificial Intelligence

      8 Best AI Data Analytics Software &...

      Aminu Abdullahi - January 18, 2024 0
      Learn the top AI data analytics software to use. Compare AI data analytics solutions & features to make the best choice for your business.
      Read more
      Latest News

      Zeus Kerravala on Networking: Multicloud, 5G, and...

      James Maguire - December 16, 2022 0
      I spoke with Zeus Kerravala, industry analyst at ZK Research, about the rapid changes in enterprise networking, as tech advances and digital transformation prompt...
      Read more
      Video

      Datadog President Amit Agarwal on Trends in...

      James Maguire - November 11, 2022 0
      I spoke with Amit Agarwal, President of Datadog, about infrastructure observability, from current trends to key challenges to the future of this rapidly growing...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2024 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.