TORONTO, CANADA, September 02, 2010
/24-7PressRelease/ -- When the telecom industry first started out the most effective phones and telephone systems were all analog based on land line service. This was the only way at the time to have any phones whether residential or business setup through local phone line providers like Bell Canada. There wasn't as many choices as there is today but it got the job done and it was the only way to have your communications infrastructure setup.
On Jun. 15, 1998, Northern Telecom Ltd. agreed to buy Bay Networks Inc. (BAY) for US$9.1 billion in stock. Under terms of the transaction, Northern Telecom swapped 0.6 shares for each Bay share outstanding. Based on Nortel's closing price of $63.69 at the time of the transaction, Nortel would be paying $38.21 a share, a 35 percent premium.
Nortel had been chasing a Bay Networks deal for several months, analysts said. Bay's stock had risen substantially in recent weeks on expectation of a buyout, either by Nortel or another telecom-equipment maker.
Bay Networks was one of the Big Four data communications companies that include Cisco Systems, Cabletron, and 3com. Bay Networks is a leader in the global Internet-working market, and provides a complete line of products that serve corporate enterprises, service providers and telecommunications carriers. The company offered frame, and ATM switches, routers, shared media, remote and Internet access solutions, IP services and networking management applications. Bay Networks also designs highly scalable and flexible Internet-working solutions that provide a smooth migration for customers to move to the advanced IP-optimized networks of the future without a wholesale replacement of existing network equipment.
Before being acquired by Nortel, Bay Networks made several acquisitions . In October 1994, SynOptics Communications, and Wellfleet Communications, effected a strategic combination of the two companies through the merger of a wholly-owned subsidiary of Wellfleet into SynOptics. At that point, the Company changed its name to Bay Networks Inc.
Today August 31st, 2010 in the Telecom World there are many different options from the once Analog Telecom World. Everything is now Digital and a lot of the Phone Industry is shifting over to IP Phone Systems, Voice over IP, and IP Phones. One of the biggest suppliers of this phone equipment is Cisco Systems which provide a full line of Business Phone Systems,, Hosted Phone Systems, IP Phones, Cisco Routers, Cisco Switches, Cisco IP Wireless and more.
For More Information visit http://ciscophonesystem.ca
CiscoPhoneSystem.ca offers small business & enterprises the option to optimize their productivity utilizing their communications infrastructure. We offer full featured Cisco Phone Systems, Unified Communications, UC500, UC540, UC560, Cisco IP Phones, Cisco IP Wireless, Cisco Routers, Cisco Switches, Hosted Phone Systems & more
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