Nortel Networks Corp. now will auction its GSM-GSMR business.
The insolvent telecom equipment maker made the announcement late Wednesday evening.
The GSM business raked in $377 million in sales in the first half of 2009. Now Nortel plans to auction it, even without a bidder in place. That’s not common in bankruptcy auctions but it marks [the second time Nortel has put a unit up for auction without anyone officially in line.
Offers are due by Nov. 5. The open auction is scheduled for Nov. 9. Courts in the United States and Canada must approve any final sale agreement.
Join thousands of channel experts who get free and fresh content delivered to their inboxes each week >>a https://t.co/67RL0BO2Y0
June 22 2018 @ 17:05:09 UTC
Partners, the Microsoft 365 bundle offers an opportunity to better serve and secure customers https://t.co/8bbe8sv7Zk
June 22 2018 @ 15:15:37 UTC