WEALTH UNIVERSITY

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NT -- what do you make of this?

http://www.telecomtiger.com/Corporate_fullstory.aspx?storyid=4997§ion=S162

Corporate
Huawei, Cisco, Ericsson and NSN may bid for Nortel’s metro Ethernet business
TT Bureau | | 22 Dec 2008

Nortel’s move to exit from the metro Ethernet networks business vertical has reportedly attracted vendors including Huawei, Cisco, Ericsson and Nokia Siemens Networks (NSN) says Canada’s Globe and Mail.



The report further adds that Nortel is entertaining three bids out of the four and the deal value is pegged at around $ 2 billion.



The report also speculates that Nortel may consider selling of assets which may see the company exit the carrier networks business instead of filing for bankruptcy.