North Power bankruptcy protection and extension Huawei is a potential buyer?

Every reporter Chen Weilin telecom century-old North electric network through the sale of assets to achieve restructuring of the new road is not smooth, the bankruptcy protection period is postponed.　　Recently, the daily economic news from the North electric inside learned that, following the approval of this month to expire on May 1, the bankruptcy protection period extended to July 30, the company has recently been approved to extend the bankruptcy protection period until November this year.　　The bankruptcy protection period has been extended, Nortel insiders told reporters that this is mainly because the company and the intention to negotiate with buyers is very difficult, "buyers take the opportunity to bargain prices are almost inevitable".　　May 27, Nortel announced through the official website, is seeking buyers for LG Nortel with LG's joint venture in South Korea. Nortel CEO Mike Zafirlowski said Nortel has evaluated all of LG's operations.　　The sale of shares in Nortel Networks is the best option for LG Nortel and its customers and employees. The sale of the shares is yet to be approved by the Canadian courts. At present, Nortel has a stake in the 50%+1 shares of the joint venture company, valued at USD 1 billion. LG Nortel 2008 operating profit of 341 million U.S. dollars, operating profit margin of 27%.　　Operating margins fell to 26% in the first quarter of this year.　　Since January 14 this year, the Nortel filed for bankruptcy protection, there have been Nokia Siemens, Avaya, Siemens Corporate Communications Company, Texas Genband and Goldengatecapital and other industry companies and investment capital has been sent to buy Nortel assets. The daily economic news recently learned that Chinese company Huawei has also shown great interest in Nortel's 50% plus 1 shares of LG Nortel.　　Neither Nortel nor Huawei, however, has yet to comment. It is also reported that Nortel Network June 1 to the French court to request the liquidation of its two branches in France, one of them. The move is part of the Northern Electric network bankruptcy process. Nortel Networks have offered creditor protection in North America and the UK.