RIM, Nortel were close to LTE sale: Lazaridis

10.08.2009

Nortel Lawyer Derrick Tay said the bidding process actually was changed due to a request from MatlinPatterson, a New York-based investment firm with about US$400 million in Nortel bonds, which offered US$725 million in July for the unit that Ericsson is buying.

"That option was always open to anyone who had trouble with the process," Tay said.