Nokia Siemens Networks, Genband and other companies are in the running to acquire parts of Nortel Networks as the company looks to sell its way out from under debt and bankruptcy protection, according to a story in The Wall Street Journal. The WSJ says that NSN has offered to acquire a large part of Nortel's carrier networks unit and the company's LTE research unit. Such a buy would give NSN a major foothold in North America.
Genband, a maker of media gateways and other gear, reportedly is considering a bid to acquire a portion of the carrier networks unit that works on media gateway solutions, the story says. Also, Avaya and Siemens Enterprise Communications may be among the potential buyers for Nortel's enterprise unit.
- The Wall Street Journal has this story
Nortel recently confirmed it would entertain offers for its units
Nortel last month postponed the sale of its Metro Ethernet unit