OTTAWA — A parliamentary committee is hearing from the lead players in the sale of Canada’s erstwhile high-tech darling, Nortel Networks.
The House of Commons industry committee called today’s emergency meeting to bring clarity to the Nortel auction process.
The auction ended with Swedish telecom company Ericsson as the successful bidder for a key chunk of Nortel’s wireless technology business.
The closed-door negotiations stoked controversy over claims the process shut out bidders, as well as worries about a foreign buyer taking major pieces of the Canadian technology.
BlackBerry maker Research in Motion, which made a failed bid for the assets, has complained that it was shut out of the auction that saw Ericsson scoop up assets from the insolvent telecom equipment maker for $1.13 billion.
Nortel has said it gave RIM plenty of options and opportunities to make a bid.