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Industry committee to discuss Nortel sale this Friday

The CBC reports that, “The House of Commons industry committee has asked the key players in the sale of Nortel Networks assets to attend an emergency meeting on Friday (starting at 8:30 a.m. ET). The committee wants to discuss the auction process that resulted in Swedish telecommunications company Ericcson winning Nortel’s wireless unit last month…”
“The proposed sale means Ericsson will acquire Nortel’s so-called CDMA and next-generation Long Term Evolution, or LTE, wireless technologies.”

“Opposition parties and provincial officials have called on the government to review the sale, arguing that it will lead to a loss of potentially leading-edge technology from the country.”

“The standing committee’s involvement is reminiscent of similar hearings held last year after Canadarm-maker MacDonald, Dettwiler and Associates sold its space robotics and satellite units to an American rocket and weapons maker. That sale was eventually blocked by the government…”

To read the campaign blog ‘Harper government urged to intervene on Nortel sale’, please go to http://canadians.org/campaignblog/?p=1568.

The CBC report is at http://www.cbc.ca/technology/story/2009/08/05/nortel-sale-industry-committee.html.