Wednesday, August 5, 2009

Commons industry committee to hold emergency meeting on sale of Nortel assets (Nortel)

Source: The Canadian Press
Aug 5, 2009 9:58


OTTAWA_ The House of Commons industry committee wants to talk to the lead players in the Nortel Networks asset sale drama.

The committee has called for an emergency meeting this Friday to discuss the auction process that ended up with Swedish telecom company Ericsson the successful bidder for a chunk of Nortel's wireless technology business.

Officials from Industry Canada, Ericsson and BlackBerry maker Research in Motion (TSX:RIM), which made a failed bid for the assets, will be at the meeting.

It's not known exactly what will be discussed, but RIM has complained that it was shut out of the auction that saw Ericsson scoop up assets from the insolvent telecom equipment maker for $1.13 billion.
James Morton
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