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Nortel Networks Corporation (Nortel), formerly Northern Telecom Limited, was a Canadian multinational telecommunications and data networking equipment manufacturer headquartered in Ottawa, Ontario, Canada. It was founded in Montreal, Quebec in 1895 as the Northern Electric and Manufacturing Company.
Nortel's share price falls more than 79% on the Toronto Stock Exchange. Nortel is the first major technology company to seek bankruptcy protection in this global downturn. Nortel had an interest payment of $107 million due the next day, approximately 4.6% of its cash reserves of approximately $2.3 billion.
Jun 30, 2023 · Nortel Networks Corporation was declared bankrupt in 2009 after almost a decade of financial mismanagement by its executive team. In 2008, three former top executives had been charged with fraud for misrepresenting Nortel’s financial results between 2000 and 2004.
Jan 5, 2018 · Nortel Networks Corporation, or simply Nortel, was a public telecommunications and data networking equipment manufacturer. Founded in 1895 as the Northern Electric and Manufacturing Company, it was one of Canada’s oldest technology companies.
Jan 14, 2009 · Ontario Chief Justice Warren Winkler begins a week of talks in Toronto intended to find common ground on how to distribute Nortel's remaining $9 billion among the various Nortel insolvency...
Nov 18, 2023 · Sinking in Scandal: A Canadian Tragedy. BobbyBroccoli. 608K subscribers. Subscribed. 41K. 1M views 4 months ago. As Canada's most valuable company, Nortel entered the 2000s with a boom. It would...
Feb 20, 2020 · With an office across the freeway from a Nortel facility in Texas, Huawei returned a fibre card — essentially a computer device — used in Nortel data switches and asked for a refund, recalls ...
