Nortel to go on IPTV M&A spree?

UBS analyst Nikos Theodosopoulos thinks Nortel is set to go on an M&A spree with an eye toward IPTV and WiMAX companies. Nortel recently resolved its debt refinancing, a class action lawsuit and most of its financial restatements, which puts it in prime position to make some strategic acquisitions. The company's operating margin is $600 million for 2007, based on expected savings of $750 million.

For more on Nortel's potential M&A spree:
- check out this blurb from The National Post

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