Talks apparently advanced over the weekend, and media quote an unnamed source familiar with MatlinPatterson as confirming the company’s interest in buying and restoring bankrupt Nortel.
Nortel won’t comment – companies rarely do address “rumor and speculation.” If the deal transpires, it would put a kink in the works for Nokia Siemens Networks, which hopes to buy Nortel’s wireless unit, thereby adding CDMA and more LTE technology to its portfolio. That’s not a sure thing, though. A bankruptcy judge has approved a July 24 auction where parties will bid for that unit and, perhaps, the whole of Nortel.
.@bcntelecom1 expands reach in Canada with @telus partnership goo.gl/fb/vyLZ6i
January 15 2019 @ 19:53:17 UTC