Cable / Telecom News

Nortel refutes RIM’s claims of being blocked from bid


TORONTO – Nortel Networks has shot down Research In Motion (RIM)’s claims that it is being blocked as a potential bidder for the bankrupt telecom’s wireless business.According to a statement released by Nortel on Wednesday, RIM has refused to comply with the court approved procedures required to become a qualified bidder for the company’s CDMA and LTE assets.“Other parties moved expeditiously to comply with the court approved procedures to become qualified bidders, and RIM did not object to the approval of these procedures during the court process”, the statement reads. “It was not until July 15 that RIM submitted a...