Matlin Patterson's Telecom Team Working on Nortel Bid

According to the Financial Times, Matlin Patterson is assembling a team of “telecommunications industry veterans” to advise them on how to put together its bid for Nortel (NT).

In addition to Dion Joannou, who used to be president of Nortel’s North American operations, the FT said Matlin Patterson has recruited:

- Richard Burns, the ex-president of AT&T’s (T) wireless network;
- Richard Piasentin, former group vice president of sales for Nortel;
- Tony Pirih, former head of Nortel’s R&D operations, and
- Chris Smith, former executive vice president in charge of Alltel’s (AT) network operations.

Comments

[User 449014:]

As a former Nortel Partner, my recollection of Dion Joannou is that he was too caught up in his own importance to worry about customers. He was part of the inward looking culture that dominated Nortel from 2001 to 2006. I don't see this team as capable of reviving Nortel.

Jul 16 11:45 AM