…announced the successful completion of its acquisition of substantially all of the optical networking and Carrier Ethernet assets of Nortel’s+ Metro Ethernet Networks (MEN) business. The $773.8 million (USD) aggregate purchase price for the acquisition consists entirely of cash. The purchase price…

…successfully completed the acquisition of Nortel’s Optical and Carrier Ethernet assets.  The deal concludes a courtship that officially started last October with the announcement that Ciena had signed a “stalking horse” agreement to purchase the Nortel assets.  That news was…

…shareholder expectations.” Ciena is expected to make employment offers to at least 2,000 Nortel employees to become part of Ciena’s global team of network specialists. The proposed acquisition would significantly enhance Ciena’s existing Canadian-based development resources, making…

…Completion Location Nortel?s* Metro Ethernet Networks Business December 2, 2009 March 19, 2010 $773.8 million2 Ottawa, Canada *?Nortel? is a trademark of Nortel Networks, used under license by Ciena World Wide Packets January 22, 2008 March 3, 2008 $295.8 million2 Spokane Valley, WA and San Jose, CA Carrier…

…announced that it has been selected as the successful bidder in the auction of substantially all of the optical networking and carrier Ethernet assets of Nortel’s Metro Ethernet Networks (MEN) business. Ciena has agreed to pay US $530 million in cash and issue US $239 million in aggregate principal amount…

…recent acquisition of Nortel’s* MEN business in March, Ciena did not have a presence in ANZ, and only a limited reach across the broader Asia Pacific region.  The acquisition provides Ciena with an instant and respected local presence and customer base.  Specifically, many Nortel MEN employees…

…Japanese operations.  Hosting the event was Hiroyuki Kume, President of Ciena Communications Japan, who joined the company through its acquisition of the Nortel MEN assets early last year.  The event was also attended by local partners and media.  This included OKI President and CEO Hideichi…

…connection with Ciena’s acquisition of the optical networking and carrier Ethernet assets of Nortel’s Metro Ethernet Networks (MEN) business. “Today’s regulatory approval confirms that the Minister of Industry is satisfied that our acquisition will be of net benefit to Canada…

…Corporation (NASDAQ: CIEN), the network specialist, today announced that it has received regulatory clearances regarding its proposed acquisition of substantially all of Nortel’s optical networking and carrier Ethernet assets. In the United States, Ciena was granted early termination of the antitrust…

…first quarter of 2009. The fiscal first quarter 2010 included $27.0 million in acquisition and integration-related expenses associated with the pending acquisition of the optical networking and carrier Ethernet assets of Nortel’s Metro Ethernet Networks (MEN) business. Ciena’s adjusted (non…