Ontario · CCAA
The purpose of this Forty-Fifth Report of the Monitor (the "Forty-Fifth Report") is to provide information regarding the Applicants' motion seeking approval of a sale of Nortel's GSM infrastructure and solutions business as it relates to certain assigned contracts and related assets in the Caribbean and Latin America ("CALA'') region (the "Business") pursuant to an Asset Sale Agreement dated May 11, 2010 (the "CALA ASA"), amongst NNL, NNI, NN CALA (collectively, the "Main Sellers"), Nortel Networks de Guatemala, Ltda., N01iel Networks del Paraguay S.A., Nortel Networks de! Uruguay S.A., and Nortel Networks de Argentina S.A. (collectively, the "Other Sellers", and together with the Main Sellers, the "Sellers") and Telefonaktiebolaget L M Ericsson (pub!) ("Ericsson" or the "Purchaser") and certain other transaction documents (collectively, the "Successful Bid"), and to provide the Monitor's support thereof
Court officer report · 14 May 2010
What we verified from this filing3 verified
- process resultsbids: 2 · lois: 3 · ndas: 8 · note: Nortel contacted 10 potential buyers, 8 executed NDAs, 6 received management presentations, 3 submitted expressions of interest, 2 submitted bids · solicited: 10 · qualified bids: 2
- purchaserTelefonaktiebolaget L M Ericsson (publ)
- sale outcometext: the Applicants' motion seeking approval of a sale of Nortels GSM infrastructure and solutions business as it relates to certain assigned contracts and related assets in the Caribbean and Latin America region · scope: parcel · status: pending_approval