Lost contract casts doubt on Tellabs deal for Ciena

Article Abstract:

Tellabs' acquisition of telecommunications equipment maker Ciena has become uncertain again after Ciena lost a supply contract with Digital Teleport. Although the contract is relatively small and Ciena will likely remain as a secondary supplier, the loss of the contract further diminishes the company's outlook from the point of view of investors. Michael Birck, Tellabs CEO, said that he was not aware that Ciena would lose the Digital Teleport contract at the time Tellabs and Ciena negotiated the deal. At present, the deal values Ciena at around $36 per share, but analysts believe that the deal has to be reworked or abandoned as Ciena's shares are trading at half of $36.

Comment:

Is uncertain about its planned acquisition of Ciena as latter loses supply contract with Digital Teleport

Telecommunications Equipment, Communications Equipment Manufacturing, Telecommunications systems, Tellabs Inc., Ciena, Article

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Murdoch said to be in talks to buy Hughes

Article Abstract:

NewsCorp media baron Rupert Murdoch is negotiating to purchase Hughes Electronics and DirecTV from General Motors for over $55 billion in stock and cash. Murdoch is determined to gain control of DirecTV which is hte largest provider of TV signals via home satellite dishes and the third provider of pay television services of any kind. The acquisition would fill a gap in the worldwide satellite broadcast holdings of NewsCorp.

Cable TV News Networks, General Motors Corp., Hughes Electronics Corp., DIRECTV Inc.

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Shareholders push as AT&T board talks Comcast deal

Article Abstract:

AT and T's shareholders are eager to have the company unload its troubled cable television service on Comcast.

Cable Television Systems, Cable and other pay TV services, Brief Article, Cable television broadcasting industry, Cable television, Comcast Corp., CMCSA, Comcast Cable Holdings L.L.C.

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