News reports across the wire are repeating comments by a Nokia Siemens Network (NSN) official who said the company might bid on other Nortel assets as they become available. Meanwhile, vulture capital firm MaitlinPatterson Global Advisors is proportedly building a “dream team” of executives to advise on reorganizing and running Nortel if it wins [...]
The bidding for the corpse and pieces of Nortel has gotten more interesting. The Ottawa Citizen reports “vulture fund” MatlinPatterson Global Advisors is making a play for Nortel. It couldn’t convince a U.S. bankruptcy court for an extension to the bidding process of Nortel wireless assets to Nokia Siemens Networks (NSN), however.
MatlinPatterson wanted [...]