Nokia Siemens Chasing Tellabs?

There are rumors that Nokia Siemens Networks is trying to acquire Tellabs for about $7 billion, about a 40 percent premium over its stock value.

This acquisition would really push Nokia Siemens ahead in FTTH and IPTV access systems, especially in North America. Tellabs is doing well at Verizon and has excellent growth prospects, just on the basis of that one account.