Nortel MEN Auction Delayed?

NOON -- Will the Metro Ethernet Networks (MEN) division at Nortel Networks Ltd. be auctioned off tomorrow as planned? Or will Friday the 13th turn out to be unlucky for bidding hopeful Ciena Corp. (NYSE: CIEN)? (See Nortel's MEN Auction Set for Nov. 13, ITU: Ciena Bids $521M for Nortel's MEN, and Smith: Why Ciena Wants to Reign Over MEN .)

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

Any Mouse 12/5/2012 | 3:52:40 PM
re: Nortel MEN Auction Delayed? NSN North America is the worst managed telecom services provider of any in the land. Employees are demoralized about the constant threat of job cuts and the multiple internal reorganizations. I formerly worked for one of NSN North AmericanGÇÖs largest customers and the manner in which they executed the contracts we awarded was horrendously poor. I personally was repeatedly lied to by NSN sales staff about the status of the work NSN was contracted to deliver. The NSN sales teams run the projects not the project managers. Project managers are forbidden to speak to senior customer representatives for fear that the PM will speak the truth and undercut false status provided by the sales teams. NSN has much work to do to regain the trust of their customers. It needs to start by empowering their project managers to manage the projects and cut the sales staff out after contracts are awarded.
Sign In