Ciena Corporation, a Maryland-based telecom equipment vendor, is chatting up bankrupt Nortel for its Optical Networking and Carrier Ethernet businesses, Nortel officials tweeted this afternoon.
Nortel Networks Corporation today confirmed that it is in advanced discussions with Ciena for the planned sale of substantially all assets within its Optical Networking and Carrier Ethernet businesses globally. The outcome of these discussions is uncertain and subject to negotiation of definitive agreements. Any agreements would be subject to a competitive bidding process to be approved by the United States Bankruptcy Court for the District of Delaware and the Ontario Superior Court of Justice.
The announcement comes as Nortel’s latest sale — to Avaya for its unified communications (UC) business — has hade barely any time to cool off…
Finally, Nortel has some advanced discussions going on for these units. Read IDC carrier infrastructure
Eve Griliches’ column on why takers for Nortel’s assets have been few and far between. Maybe Alcatel-Lucent’s recent talk of converging network layers has made Nortel’s optical and Carrier Ethernet divisions a more appealing proposition for Ciena.