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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 · Learn how Nortel, once a leader in fibre optics and telephony, collapsed in 2009 after facing financial mismanagement, market saturation and internet competition. Discover the history, products and legacy of Nortel and its ongoing support for customers.
Jan 14, 2009 · Learn about the rise and fall of Nortel Networks, Canada's former telecommunications giant, from its origins in 1882 to its bankruptcy in 2009. See the milestones, scandals, and trials that shaped the company and its executives.
Jan 5, 2018 · Nortel was a Canadian telecommunications and data networking equipment manufacturer that rose and fell in the IT market. Learn about its origins, innovations, acquisitions, bankruptcy and legacy.
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...
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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 ...
