Is Cisco bidding for Nortel's Metro Ethernet business?

Cisco is reported to be one of three companies bidding for Nortel's Metro Ethernet Networks arm, according to a report in the Canadian Globe and Mail newspaper, reports Network World's Jim Duffy. The Canadian paper reports that companies most likely to bid on the $2 billion business include Cisco, Huawei, Ericsson and Nokia Siemens. The article does not say which of those companies is not bidding. Nortel decided to divest its carrier Ethernet and optical businesses in September, as part of a move to focus on software.

Analysts suggest that the Nortel unit could fetch between $1 billion and $2 billion but the current economic climate could put paid to that idea.

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