http://www.enn.ie/story/show/10125282
The Financial Times reports......
The paper also says that MatlinPatterson Global Advisors is considering leading a rescue bid for the whole of Nortel Networks, the struggling Canadian telecoms equipment maker operating under bankruptcy court protection. The New York-based private equity company, which is one of Nortel's biggest creditors, is trying to put together a consortium of investors to fund a recapitalisation of the Canadian company, according to sources. "MatlinPatterson believes Nortel can survive as a free-standing company and does not need to be auctioned off in pieces," said a source close to the company.
