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Update on auction for sale of Nortel Optical and Carrier Ethernet Businesses
By Bo Gowan, Nov 13, 2009, 12:19 PM EST


For those of you looking for an update on the sale of Nortel's Optical and Carrier Ethernet businesses, the below press release just crossed the wires. You can see the full release here.

 

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Nortel Provides Update on Auction for the Sale of its Optical Networking and Carrier Ethernet Business

 

TORONTO, ONTARIO--(Marketwire - Nov. 13, 2009) - Nortel(1) Networks Corporation (OTCBB:NRTLQ) announced that in light of ongoing discussions with interested parties, it has decided to not hold the previously scheduled auction today in relation to the sale of its global Optical Networking and Carrier Ethernet businesses. Qualified bidders are now required to submit offers by November 17, 2009. The Company expects to provide a further update on the auction process and sale of these businesses next week.

 

About Nortel

 

For more information, visit Nortel on the Web at www.nortel.com. For the latest Nortel news, visit www.nortel.com/news.

 


Tags: optical-men, nortel-news, corporate, optical
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