UBS: Tellabs likely to sell in 2008

Acquisition rumors swirled last summer around equipment vendor Tellabs, with Nokia Siemens Networks and Nortel Networks listed as two potential buyers, but the speculation dissipated after a few months with no action. Now, UBS Investment Research is predicting Tellabs will be acquired before the year is out.

UBS analyst Nikos Theodosopoulos wrote his reasons for that belief, including Tellabs' strong balance sheet and relatively low stock price, in a research note. However, it is also becoming clear that telecom acquisition activity that generally seemed to stall late last summer is gearing back up, with supposed onetime Tellabs suitor NSN a very active buyer

For more:
- read this story [1] at Telephony

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NSN [2] recently agreed to acquire IMS vendor Apertio