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Nortel's Carve-Up May Continue
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Nortel's(NT Quote) corporate networks division may be next on the chopping block, after the troubled telecom equipment manufacturer finally completed the sale its Alteon switch business to Israeli network specialist Radware(RDWR Quote).
The Canadian firm may draw bids from Avaya and Siemens Enterprise Communications for its corporate networks business, according to Bloomberg, which cites two sources familiar with the matter.
The division is said to be worth around $500 million, and Bloomberg reports that bids may be due later this week. ...
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