Tag Archives: matlinpatterson

The Strange Dance Between Nortel and RIM

By Mark Evans | Published: July 22, 2009
Just when you thought things couldn’t get more strange at Nortel, it does. It’s hard to understand what to make of Research in Motion’s interest in Nortel’s CDMA and LTE assets. RIM thinks it could pay about $1.1-billion, significantly higher than the bids from Nokia Siemens and MatlinPatterson. However, Nortel and its legal advisors will [...]
Posted in M&A | Also tagged , , , | 60 Comments

Matlin Patterson Submits $725 Million Bid

By Mark Evans | Published: July 21, 2009
MatlinPatterson has made a $725-million bid for Nortel’s CDMA and LTE Access businesses, which it believes is “higher and better than the “stalking horse” bid from Nokia Siemen”, while providing “on multiple fronts, a superior outcome for Nortel and all of its stakeholders. The offer from MPAM Wireless Inc., an affiliate of MatlinPatterson Global Opportunities, [...]
Posted in Financials | Also tagged , , , | 99 Comments

Nortel to Sell Enterprise Business to Avaya

By Mark Evans | Published: July 20, 2009
After weeks of speculation, Nortel is selling its enterprise business in Europe, the Middle East and Africa to Avaya for US$475-million. It has also entered into a “stalking horse” asset and sale agreement to sell its enterprise operations in North American, Latin America and Asia to Avaya. This means Nortel could sell the assets to [...]
Posted in General | Also tagged , , , , | 21 Comments

Matlin Patterson Creates Advisory Board for Nortel Bid

By Mark Evans | Published: July 15, 2009
According to the Financial Times, Matlin Patterson is assembling a team of “telecommunications industry veterans” to advise them on how to put together its bid for Nortel. In addition to Dion Joannou, who used to be president of Nortel’s North American operations, the FT said Matlin Patterson has recruited:- Richard Burns, the ex-president of AT&T’s [...]
Posted in General | Also tagged , | 54 Comments

Would the Vultures Feast on Nortel?

By Mark Evans | Published: July 14, 2009
Here’s a guest post written by Jeff Wiener, president with Digitcom.ca, one of Canada’s leading telecom equipment resellers. Jeff writes The Telecom Blog where this post was originally posted. Bankruptcy, just like divorce, is messy. Who gets the kids, who gets the house, the RRSP, etc. Quick, let’s split everything up, and hope that at [...]
Posted in Financials | Also tagged , , | 39 Comments

Is Nortel Fishing for New CDMA Bids?

By Mark Evans | Published: July 11, 2009
Wireless Week has an interesting story about a conference call held by Nortel on Thursday, purportedly about the “realities of the current CDMA market”. However, Wireless Week’s Maisie Ramsay opined that the conference call “sounded suspiciously like a sales pitch for its CDMA assets”, which Nokia Siemens has bid for acquire for $650-million (along with [...]
Posted in Financials, Wireless | Also tagged , , , | 72 Comments
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