Printer Friendly

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

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.

((Comments on this story may be sent to

COPYRIGHT 2009 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Date:Jul 30, 2009
Previous Article:3Com switches integrated in new network for European dairy firm.
Next Article:BroadVision Releases Version 8.2 of Kona e-Platform.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters