Cable / Telecom News

Industry Canada approves sale of Nortel’s Ethernet division to Ciena

OTTAWA – Industry Minister Tony Clement has approved Ciena’s acquisition of Nortel’s metro Ethernet networks (MEN) division, saying the deal “is likely to be of net benefit to Canada”."Ciena's investment will ensure the continued operation and substantial research and development (R&D) presence of the optical and carrier Ethernet portions of Nortel's MEN business”, Minister Clement said in a statement. “Ciena has committed to make Canada a focal centre for its global R&D operations and to maintain significant technology investment and principal R&D functions in Canada.”At least 2,000 Nortel employees were to receive job offers from Ciena, who purchased the division in...