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Nortel bid drama stirred by NSN, MaitlinPatterson

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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 [...]

Bidding war could deliver more cash for Nortel, assets

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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 [...]