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Nortel wireless auction may heat up
Posted on 21. Jul, 2009 by LteWorld
in News, LTE
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.
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