Nortel and Ciena optical networking assets


Sorry, Nokia Siemens: Ciena Gets Nortel Optical Assets

Ciena Corp. (CIEN) has landed court approvals to buy Nortel Networks’ optical networking assets, overcoming objections from a rival desperate to get its hands on those same properties. Ciena won the Metro Ethernet Networks (MEN) unit at auction in mid-November with a bid of $530 million in cash and $239 million principal of convertible notes. But […]

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