Feeds

BlackBerry battles for Nortel assets

Blames Nortel for blocking bid

Top 5 reasons to deploy VMware with Tegile

Research In Motion - the firm behind the BlackBerry - has complained that Canadian telco provider Nortel has unfairly stopped the company from bidding for part of its wireless business.

Nortel denies doing any such thing, and it looks like the row will intensify ahead of the final auction for the business due to take place tomorrow.

Let's start with RIM. It said it was willing to pay $1.1bn for Nortel's CDMA and Long Term Evolution Access business, which it believes is more than being offered by Nokia Siemens Networks. But RIM claims it could only be considered a viable bidder for the business if it promised not to bid for any other parts of Nortel's business, something it was not prepared to do.

Jim Balsillie, RIM's co-chief executive officer, said: "RIM remains extremely interested in acquiring Nortel assets through a Canadian ownership solution that would serve the dual purpose of keeping key wireless technologies in Canada and extending RIM’s leadership in the research, development and distribution of leading edge wireless solutions, but RIM has found itself blocked at every turn."

But Nortel, while admitting it had entered a stalking horse agreement with Nokia Siemens Networks, said it remained open to other offers and "has made every effort to ensure all who want to participate can". Nortel said other parties had signed similar court approved documents to become qualified bidders, and that RIM had not objected to the process until 15 July.

Nortel said all bidders were required "to execute a standard confidentiality agreement. The agreement contains a common 'standstill' provision". It said all qualified bidders were subject to the same agreement. ®

Intelligent flash storage arrays

More from The Register

next story
BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?
Don't worry about that cable, it's part of the config
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
Want to STUFF Facebook with blatant ADVERTISING? Fine! But you must PAY
Pony up or push off, Zuck tells social marketeers
Oi, Europe! Tell US feds to GTFO of our servers, say Microsoft and pals
By writing a really angry letter about how it's harming our cloud business, ta
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.