Nortel: M&A Update
According to its latest report, there are three offers for the vendor's Metro Ethernet Networks (MEN) division of around $1 billion. (See Nortel to Sell Carrier Ethernet, Optical Biz.)
None of the bidders is identified, though Huawei Technologies Co. Ltd. does get a name check as a potential suitor. (See Huawei Seen as Likely Nortel Suitor, Is Huawei Moving Closer to Nortel?, and Why Huawei Should Buy Nortel's MEN .)
Nortel's share price currently stands at $0.25, giving the whole company a market capitalization of $124 million.
Catch up with all of Nortel's ups and downs from 2008 (yes, it had some ups!) in our 2008 Top Ten: Nortel News.
— Ray Le Maistre, International News Editor, Light Reading