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Nokia Siemens wants to buy pieces of Nortel, report says

Nortel Networks is in talks to have large pieces of its business scooped up by Nokia Siemens Networks, according to the Wall Street Journal.

Nortel Networks is in talks to have large pieces of its business scooped up by Nokia Siemens Networks, according to the Wall Street Journal.

The telecom technology company, which is operating under court protection from creditors, has said as part of the proceedings that it would sell some of its business units.

The Journal said Nokia is interested in much of Nortel’s profitable carrier networks unit and a research unit developing a next-generation wireless technology. It also said that an auction of Nortel’s enterprise unit last week attracted bids from competitors Avaya Inc. and Siemens Enterprise Communications.

 
 
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