Nortel puts MEN divestiture 'on hold' - Lightwave

Nortel puts MEN divestiture 'on hold'

FEBRUARY 5, 2009 -- In an email sent this morning to the Lightwave editorial staff, Nortel (search for Nortel) media relations representative Ryan Hill confirmed that the company's "previously announced potential MEN [Metro Ethernet Networks] divestiture has been put on hold."

"These plans have been put on hold while the overall business plan is being developed to emerge from this process a more competitive and focused company, which will be subject to the approval of creditors and the courts," he wrote. "Through the restructuring process, our goal is to proactively address the Company's current challenges and ultimately strengthen the business to ensure its long-term viability."

Nortel claims its MEN business is among the strongest in the industry with an installed base of over 410,000 network elements. The company also cites its 40G/100G technology development as a strength.

Since Nortel announced last September that is would explore a divestiture of its MEN business unit, which includes its optical and carrier Ethernet portfolios, several potential buyers have been rumored to be in the mix, including Huawei, Cisco, and Nokia Siemens Networks.

Following its bankruptcy filing on January 14, 2009, many analysts have suggested that a divestiture represents Nortel's best path to viability going forward.


Visit Nortel

Post a Comment

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account.

Featured Slideshow

Related Companies

ATG Electronics Corp

Think green, act green, the company was established in 1999 and formed partnerships with companies in California, designs, produces, distributes and licenses...

Related Products

Anritsu Optical Spectrum Analyzer (OSA) MS9740A

The MS9740A is a benchtop optical spectrum analyzer covering 600 nm to 1750 nm. The MS9740A offers high-per...

FiberQA's mini-AVIT Inspection System

The mini-AVIT inspects all of the fibers without removing them from the polishing plate, reducing significa...

JGR MS12001 Cable Assembly Test System

The MS12001 system provides the most accurate mandrel-free IL and RL measurement in the industry for both c...

Most Viewed

Webcasts

Understanding and Explaining Single-mode Fibers

( 12/17/2014 / 01:00 PM Eastern Daylight Time / 12:00 PM Central Daylight Time / 10:00 AM Pacific Daylight Time / 18:00 GMT )
Sponsored by

Test and Measurement Trends for 2015

( 12/09/2014 / 01:00 PM Eastern Daylight Time / 12:00 PM Central Daylight Time / 10:00 AM Pacific Daylight Time / 18:00 GMT )
Sponsored by

Lightwave Live: Where Optical Technology is Heading

( 12/03/2014 / 01:00 PM Eastern Daylight Time / 12:00 PM Central Daylight Time / 10:00 AM Pacific Daylight Time / 18:00 GMT )
Sponsored by

Social Activity