Feeds

BlackBerry battles for Nortel assets

Blames Nortel for blocking bid

Build a business case: developing custom apps

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. ®

Boost IT visibility and business value

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
VVOL update: Are any vendors NOT leaping into bed with VMware?
It's not yet been released but everyone thinks it's the dog's danglies
BlackBerry: Toss the server, mate... BES is in the CLOUD now
BlackBerry Enterprise Services takes aim at SMEs - but there's a catch
SHOCK and AWS: The fall of Amazon's deflationary cloud
Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.