Nortel Mum on Emergency Gov't Meeting
"We have no comment," a company spokesperson told Unstrung Wednesday afternoon.
The Canadian House of Commons industry committee has called for an emergency meeting this Friday to discuss the auction process that saw Ericsson AB (Nasdaq: ERIC) successfully bid for Nortel's CDMA and Long Term Evolution (LTE) wireless technology business. (See Ericsson's Nortel Bid Nears Closure and Nortel Wireless Winner: It's Ericsson!)
"It is expected that witnesses appear on behalf of Nortel, Ericsson, Research in Motion and the Department of Industry Canada," the committee said in the release announcing the meeting.
BlackBerry has expressed its displeasure with the way the auction was carried out, claiming that Nortel had prevented the BlackBerry maker from joining the bidding. Nortel denied the smartphone vendor's allegations. (See RIM Cries Foul Over Nortel Bidding Process and Why RIM Would Bid on Nortel.)
Now the industry committee wants to get more insight on what went down. The government had been under pressure to review the whole deal, even though it has actually been approved by the Canadian courts. (See Ericsson Wins Nortel Wireless Auction.)
The meeting on Friday will be televised live.
— Dan Jones, Site Editor, Unstrung