Despite Ciena winning the auction for Nortels assets for $796 Million, Nokia Siemens has issued a new bid of $810 Million, and has filed an objection with the U.S. Bankruptcy court looking to nullify the auction results. Ciena's winning bid has not yet been approved by the courts, therefor possession of assets has not yet been transfered.
Showing posts with label Nortel. Show all posts
Showing posts with label Nortel. Show all posts
LG Electronics and Nortel have completed the worlds first 3GPP compliant active handoff between the LTE network, and a CDMA based EVDO network in Nortel's Research Lab. The demonstration that followed the completion of this feat proves the reliability of video downloads, web surfing, and even connection sensitive VOIP calls were handled perfectly while the user moves between the two different networks. The equipment used in the test was an LG M13 CDMA/LTE data modem. LG has been working on developing equipment for LTE since 2006. In 2008 LG unveiled the first modem chipset for LTE.
Mobile operators are looking at deploying services based on LTE as early as 2010, so the demonstration of these two incompatible services working together is putting mobile operators at ease. Their networks will be able to overlap voice coverage for CDMA based application, and data coverage for LTE based application without the worry of interference or call lost issues.
Nortel filed bankruptcy in January, and is trying to get an extension on their restructuring efforts until May 1st. Nortel is considering getting rid of some real estate holdings, corporate jets, and employees. The real estate and jets are expecting to save the company $1 Million a month. There is a very detailed plan that Nortel is trying to enact to turn their comany around, and this plan includes cutting some of their 30,000 employees although there is no word yet as to how many of these employees are going to be cut. Nortel has already taken steps to help their business. Their first action was to pull out of the WiMax market, to cut the expenditures in a portion of their business that would not yet be profitable.
