RIM shut out of Nortel Network wireless auction

Today, July 24, 2009, is the auction day in New York for Nortel Network’s wireless unit. Nokia Siemens Networks, Ericsson, and private equity firm MatlinPatterson Global Advisers, are all bidding for Nortel’s wireless assets. Research in Motion (RIM) had hoped to be part of the auction, but Nortel blocked its $1.1 billion offer based on more »