Archive - Jan 13, 2009

Tyler Durden's picture

Nortel Bondholders Biting Their Nails

Submitted by Tyler Durden on 01/13/2009 00:09 -0500



As we reported on January 9, the likelihood of a Nortel bankrtupcy filing this coming Wednesday (coupon payment date) is high to quite high. Recent rumors from the underground community had suggested that Huawei was licking its chops at NT's metropolitan ethernet business and would pay up to $1 billion. However, based on reports from forbes and debtwire from earlier today, the deal is dead in the water. Ooops.

 
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