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Nortel's fire sale starts today

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Nortel’s CDMA and LTE wireless assets are first up on the block today.  The good news for Nortel is 1) There are multiple bidders and 2) The price tag seems to go up every time someone issues a press release.

Nokia Siemens Networks, Research in Motion, Ericsson, and MatlinPatterson have all made offers in [...]

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 [...]