House of Commons panel will probe Nortel unit sales

08/6/2009 | Financial Post (Canada) · Canada.com · Light Reading Mobile

Canadian lawmakers have called an emergency hearing for Friday to question Nortel Networks executives and government officials on the equipment maker's ongoing bankruptcy-auction process. A House of Commons panel will focus on the sale of Nortel's wireless division to Sweden's Ericsson, but MPs will have to move fast: Nortel CEO Mike Zafirovski said Wednesday he expected to complete the sell-off process by year-end.

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Financial Post (Canada) · Canada.com · Light Reading Mobile

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