Filed under: Ciena Corp (CIEN) Once a dominant global tech company, Nortel is now in the grueling process of liquidating its assets. For example, over the weekend the company conducted an auction to unload its Metro Ethernet Networks (MEN) division. The winner? It was Ciena ( CIEN. ), which has agreed. to shell out $769 million for the asset. The other bidder was Nokia Siemens. It was a heated auction, as Ciena's original bid was at $521 million. Continue reading Ciena scoops up Nortel's Ethernet biz. Ciena scoops up Nortel's Ethernet biz. originally appeared on BloggingStocks. on Mon, 23 Nov 2009 14:00:00 EST. Please see our terms for use of feeds. . Permalink. | Email this. | Comments.
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