Dying telecom firm Nortel, which auctions its wireless business this week, has said Blackberry maker Research In Motion (RIM) was shut out of the bidding process for failing to sign non-disclosure agreements.
Toronto-headquartered Nortel, which has been operating under bankruptcy protection since January after posting losses of $5 billion last year, is auctioning its various divisions to liquidate itself.
Its prized next-generation wireless business will be auctioned Friday in New York under court supervision, with Nokia-Siemens Networks and America’s MatlinPatterson Global Opportunities Partners as the two bidders.
0 comments:
Post a Comment