Feeds

BlackBerry battles for Nortel assets

Blames Nortel for blocking bid

Designing a Defense for Mobile Applications

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. ®

The Power of One eBook: Top reasons to choose HP BladeSystem

More from The Register

next story
Apple fanbois SCREAM as update BRICKS their Macbook Airs
Ragegasm spills over as firmware upgrade kills machines
Attack of the clones: Oracle's latest Red Hat Linux lookalike arrives
Oracle's Linux boss says Larry's Linux isn't just for Oracle apps anymore
THUD! WD plonks down SIX TERABYTE 'consumer NAS' fatboy
Now that's a LOT of porn or pirated movies. Or, you know, other consumer stuff
EU's top data cops to meet Google, Microsoft et al over 'right to be forgotten'
Plan to hammer out 'coherent' guidelines. Good luck chaps!
US judge: YES, cops or feds so can slurp an ENTIRE Gmail account
Crooks don't have folders labelled 'drug records', opines NY beak
Manic malware Mayhem spreads through Linux, FreeBSD web servers
And how Google could cripple infection rate in a second
FLAPE – the next BIG THING in storage
Find cold data with flash, transmit it from tape
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
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.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.