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 : 0.0541  -0.0004 (-0.73%) @ 4:26PM
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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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