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Gores, Siemens JV to bid for Nortel's enterprise solutions unit.

TELECOMWORLDWIRE-30 July 2009-Gores, Siemens JV to bid for Nortel's enterprise solutions unit(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com

Enterprise Networks Holdings, a joint venture of US private equity firm Gores Group and German Siemens (ETR:SIE), said yesterday it was considering a bid for bankrupt Canadian telecomms equipment maker Nortel Networks' (OTCBB:NRTLQ) enterprise solutions unit.

US communication equipment and software company Avaya Inc has made a stalking horse bid of USD475m (EUR337m) for Nortel's business.

Nortel's adviser Deloitte said that bidding should be completed around 4 August.

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Publication:Telecomworldwire
Date:Jul 30, 2009
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