Ciena-Nortel auction

 

Ciena Beats Nokia Siemens for Nortels Ethernet Assets

Ciena Corp. (CIEN) has defied the odds to win Nortel Networks’ Metro Ethernet Networks business at auction, and, best of all, the workers in those units will get the chance to keep their jobs. Ciena this weekend plunked down $530 million in cash and $239 million in convertible notes to beat out rival Nokia Siemens Networks, […]

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