Nortel Networks Corp. said Thursday that it will delay the auction of its Global System for Mobile (GSM) businesses that was to take place Friday.
The company said it would provide an update on its sale plans next week.
Nortel had planned to sell its global GSM/GSM-R business, including the patents predominantly used in the GSM business and granting of non-exclusive licenses of other relevant patents in an open auction.
The former Canadian technology heavyweight, has been selling off its divisions after filing for creditor protection in January.
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The company is expected to hold an auction Friday for its optical networking and carrier ethernet units.
U.S.-based Ciena Corp. (NASDAQ:CIEN) has already made a US$521-million bid for the assets, which include some of Nortel's most prized businesses units, intellectual properties and employees.
So far, Nortel has sold off several pieces of the business, including its next-generation packet core network component assets to Japanese electronics manufacturer Hitachi Ltd. for US$10 million, and its enterprise solutions division to New Jersey-based Avaya for $900 million.