Nortel Delays Auction to June 27

Nortel Networks, the bankrupt phone equipment maker, is delaying an auction of its range of patents set for June 20 by one week after seeing a “significant level of interest” in the technology portfolio.

The auction of the 6,000 patents and patent applications will now be held on June 27, the company said. Google, which is looking to acquire patents that could be used for phones that run its Android software, offered $900 million in April in what Nortel said was a starting point for an auction.