Ontario · CCAA
The purpose of this Seventeenth Report of the Monitor (the "Seventeenth Report") is to provide information regarding the Applicants' motion seeking approval of a sale of certain of Nortel's CDMA and LTE Access assets (the "Business") pursuant to an asset sale agreement dated July 24, 2009 (the "Successful Bid") between NNC, NNI and NNL and certain of their affiliates (the "Sellers") and Telefonaktiebolaget LM Ericsson (publ)("Ericsson" or the "Purchaser") and to provide the Monitor's support thereof
Court officer report · 27 July 2009
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing4 verified
- process resultslois: 2 · note: MPAM and Ericsson submitted non-binding letters of intent and were deemed Qualified Bidders; Nokia Siemens also deemed a Qualified Bidder · as of: 2009-07-27
- purchaserTelefonaktiebolaget LM Ericsson (publ); Nokia Siemens Networks B.V.
- sale outcometext: Motion seeking approval of the Successful Bid to Ericsson · scope: parcel · status: pending_approval
- stalking horseNokia Siemens Networks B.V.