Nokia Siemens Joins Auction for Nortel Assets
According to the Associated Press, Nokia Siemens Networks is bidding against Ciena for some of insolvent Nortel's networking assets. Ciena placed a "stalking horse" bid of $521 million for Nortel's optical networking and carrier ethernet businesses. Nokia Siemens Networks has entered a bid for the assets, but the amount of that bid was not disclosed. The auction is being held today, and the winner will still need to gain regulatory approval to complete any asset acquisitions.
FCC Keeps Auction Reserve at 30 MHz
The FCC today finalized its proposed rules for next year's 600 MHz spectrum auction and kept the reserve for smaller carriers at 30 MHz. T-Mobile and others petitioned the FCC to raise the reserve to 40 MHz, but FCC Chairman Tom Wheeler believes the 30 MHz cap offers plenty of opportunity for those who may bid.
Uber Attempting to Hail HERE Maps with $3B Bid
Uber has submitted a bid to purchase HERE Maps from Nokia for $3 billion, reports the New York Times. The bid is one of several and may not result in a sale, cautioned the Times' unnamed sources.
Incentive Auction Fails to Attract Big Spenders
The FCC's 600MHz incentive auction is proceeding slowly and may need to be reset. After 27 rounds of bidding, the total amount bid has reached only $23 billion, far short of the $88.4 billion clearing cost set during the reverse part of the auction earlier this year.
Uber Buys Some of Microsoft's Bing Assets
Uber has agreed to acquire about 100 engineers and other assets from Microsoft's Bing product. Specifically, Uber will take possession of Bing's "product image collection activities," according to TechCrunch.