Nortel MEN Auction Delayed?
Reports, such as this one from Bloomberg, suggest the auction may be postponed for up to five days to attract more bidders.
It's not know how many (if any) other companies might participate in the auction, though Nokia Networks is thought to be interested in snapping up Nortel's optical assets, having missed out on the CDMA and LTE wireless business earlier this year. (See Nokia Siemens: Hot for Nortel's MEN? and Ericsson Delivers Knockout Blow to NSN.)
Nortel says the auction is still set for Friday, though admits that situation could change before the end of today. Ciena spokesfolk couldn't immediately be reached for comment. We're guessing they were all in a meeting poring over the auction fine print...
— Ray Le Maistre, International News Editor, Light Reading