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Nokia May Bid for Nortel's MEN

Nov 05, 2009 - 7:03 AM EST

Mark Evans submits:

Nokia Siemens (NOK, SI) may be making a bid for Nortel’s (NRTLQ.PK) Metro Ethernet network (MEN) business, which would put it in competition with Ciena, which has made a $521-million “stalking horse” bid.

Speculation about the bid comes on the heels of Nokia Siemens Rajeev Suri telling Reuters that the company is looking for well-priced and sensible acquisitions. Earlier this year, Nokia Siemens was outbid for Nortel’s CDMA wireless and LTE R&D unit by Ericsson (ERIC).

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Source: Seeking Alpha (Nov 05, 2009 - 7:03 AM EST)