Nokia Siemens Networks: May Want To Buy Some Nortel Assets
May 19 2009 - 5:41AM
Dow Jones News
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