Nortel Networks, the Canadian equipment maker that filed for bankruptcy protection in February, will "seriously" consider any bids for its businesses.

Indian mobile operator Aircel Cellular is reportedly in talks to acquire Loop Mobile, the Mumbai-focused regional operator, writes India's Economic Times.

Qualcomm is to review new investment opportunities in South Korea, according to a Reuters report. The world's largest manufacturer of mobile chipsets is to evaluate opportunities at small and medium-sized Korean technology firms for possible investment and alliance deals.

Spansion, the world's largest pure-play provider of Flash memory solutions, has announced that it has settled its patent litigation lawsuits with Samsung, reports Cellular News.

Reuters notes that Orascom Telecom said today its Pakistan unit was offering to repurchase up to US$100 million in senior notes. Orascom said the offer was at a premium to market price and expires on 6 May.

Dow Jones Newswires notes that India's state-run operator BSNL is likely to bid for a telecom license in Tunisia, its first overseas bid, along with state-run company Telecommunication Consultants of India (TCIL).

Private-equity firm Blackstone has submitted a bid for the assets Verizon Wireless plans to spin-off as a result of its acquisition of Alltel, according to Dow Jones Newswires.