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Tag Archives: ottawa
Ottawa Won’t Block CDMA Sale
As I’m expounded on several occasions since Ericsson’s $1.13 billion bid to buy Nortel’s CDMA wireless business and LTE R&D unit received court approval, the deal will not be blocked by the Canadian government. Sure, there’s a lot of politicians talking about protecting national assets, and the government talks about reviewing the deal but the [...]
Much Ado About Nothing
So, the politicians got to hold an emergency meeting yesterday on Parliament Hill in Ottawa to review Nortel’s sale of its CDMA wireless business and LTE R&D unit to Ericsson for $1.13-billion. Here’s mini-synopsis: - After extensive negotiations, RIM thought it had a deal to buy the LTE patents a few months ago before Nortel [...]
Posted in Financials, General Also tagged cdma, Ericsson, Mike lazaridis, Mike Zafirovski, Nortel, RIM 84 Comments
Nortel’s LTE Patents a “National Treasure”
You’ve got to hand it to Research in Motion; it’s making an impassioned and nationalistic pitch for Nortel’s LTE patents. At an emergency parliamentary hearing this morning looking into Nortel’s plan to sell its CDMA wireless business LTE R&D business to Ericsson for $1.13-billion, RIM co-CEO Mike Lazaridis said Nortel’s LTE patent portfolio and development [...]
Where Was the Canadian Government?
Here’s a question that no one seems to be asking as the political uproar builds surrounding the sale of Nortel’s assets (aka The Nortel Garage Sale): Why did the federal government decide not to provide Nortel with financial support despite holding numerous meetings with the company? (Note: Nortel CEO Mike Zafirovski said there were 13 [...]
Nortel Retirees to Demonstrate
As a parliamentary standing committee holds an emergency hearing on Friday into the sale of Nortel assets, Nortel retirees, long-term disabled and recently terminated employees will hold demonstration that morning on Parliament Hill. In a press release, Nortel Retirees and Former Employees Protection Committee said the demonstration is being held because: “We believe the impact [...]
RIM’s Relentless Request for Action