Nokia Siemens Networks: May Want To Buy Some Nortel Assets

Date : 05/19/2009 @ 5:41AM
Source : Dow Jones News
Stock : Nortel Networks Corp. (NRTLQ)
Quote : 0.07  0.001 (1.45%) @ 4:21PM
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Nokia Siemens Networks: May Want To Buy Some Nortel Assets

BEIJING (Dow Jones)

Nokia Siemens Networks Chief Operating Officer Mika Vehvilainen said Tuesday the company may be interested in buying some assets of Nortel Networks Corp. (NT.T) after a possible dismantling of the telecommunications equipment maker.

Vehvilainen said Nokia Siemens Networks isn't interested in buying Nortel as a whole.

Since filing for bankruptcy protection in January, Nortel has been following two paths: restructuring its operations in order to emerge as a viable entity, and pursuing the sale of its assets at a reasonable price.

Nokia Siemens Networks is a joint venture between Nokia Corp. (NOK) of Finland and Germany's Siemens AG (SI).

-By Aaron Back, Dow Jones Newswires; (8610) 6588-5848; aaron.back@dowjones.com

 
 

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