Canadian officials have begun researching whether and what kind of foreign purchases of Nortel Networks assets might be subject to government restrictions, Industry Minister Tony Clement said on Thursday.
Flying by the seat of their pants, ladies and gentlemen...
On Friday, Finance Minister Jim Flaherty vouched for RIM co-CEO Jim Balsillie's quest to acquire Nortel assets.
“I think he's a great Canadian and I think he's entirely right to ask for the government to be concerned about the issue,” Mr. Flaherty said in Toronto, where he was attending a public event.
“What we want to see is a level playing field, we don't want to see anyone excluded from the process with respect to the sale of the assets of Nortel.”
However, Mr. Flaherty said it's up to Industry Minister Tony Clement to make any ultimate decisions.
Mr. Clement said this week that he wouldn't intervene in Nortel's auction, but that he hoped Nortel would meet with RIM executives to discuss a compromise.