Nortel delays auction of Optical Networking and Carrier Ethernet business
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[November 16, 2009]

Nortel delays auction of Optical Networking and Carrier Ethernet business

Nov 16, 2009 (TELECOMWORLDWIRE via COMTEX) -- Nortel Networks Corporation (OTCBB: NRTLQ) announced today that it has decided to delay the previously announced auction of its Optical Networking and Carrier Ethernet businesses, which was scheduled for today.


The company said that the decision was taken to facilitate ongoing discussions with interested parties. Qualified bidders are now required to submit offers by 17 November 2009.

Further updates regarding the auction process and the sale of these businesses are expected from Nortel over the next week.


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