Jul 21, 2009 | By Pav Jordan | TORONTO (Reuters) – An auction this week for the wireless assets of Canada’s Nortel Networks (NRTLQ.PK), valued at a minimum of $650 million, has suddenly become a lot more interesting and may turn into a bidding war.
Jul 21, 2009 | By Pav Jordan | TORONTO (Reuters) – An auction this week for the wireless assets of Canada’s Nortel Networks (NRTLQ.PK), valued at a minimum of $650 million, has suddenly become a lot more interesting and may turn into a bidding war.
Preliminary offers to compete with a “stalking horse” bid from Nokia Siemens Networks NSN.UL for bankrupt Nortel’s CDMA and LTE wireless technology businesses are due on Tuesday, and an auction is set for Friday July 24.
