Feeds

Bidders 'plot Nortel break up'

Rivals snap at best bits

Choosing a cloud hosting partner with confidence

Nokia Siemens Networks, Avaya and Siemens Enterprise Communications are bidding to carve up Canadian networking giant Nortel - which is currently in bankruptcy protection - according to a report.

Seeking a stronger presence in the US market, Nokia Siemens made an unsolicited approach for large parts of Nortel's carrier equipment business, according to The Wall Street Journal.

The paper also said Avaya and Siemens Enterprise Communications were vying for Nortel's enterprise telecoms business, and both submitted bids last week. Private equity outfit Golden Gate Capital also reportedly tabled an offer.

Nortel's carrier and enterprise business account for most of its operating profit. The firm's battered stock rose almost 30 per cent on the bid reports yesterday.

Nortel filed for bankruptcy protection in January after years of losses and accounting scandal. Last week its British subsidiary fired 228 staff without a redundancy payout. In March, Nortel went to court for the right to pay eight senior executives share in a $45m bonus pool. ®

Internet Security Threat Report 2014

More from The Register

next story
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
NASA launches new climate model at SC14
75 days of supercomputing later ...
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?
Don't worry about that cable, it's part of the config
Want to STUFF Facebook with blatant ADVERTISING? Fine! But you must PAY
Pony up or push off, Zuck tells social marketeers
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.