News tagged with nortel
London 2012 replaces sponsor Nortel with Cisco
Jul 10, 2009 |
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(AP) -- London Olympic officials on Friday replaced bankrupt Canadian technology sponsor Nortel Networks with Cisco for the 2012 Games, a move that will cost organizers $19.4 million in revenue.
Nortel to sell itself off in pieces
Jun 20, 2009 |
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(AP) -- Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company.
Nortel strikes deal to sell business unit to Avaya
Jul 20, 2009 |
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Canadian telecom equipment maker Nortel said Monday it reached a deal to sell its enterprise solutions business to US-based Avaya for 475 million dollars pending approval of a bankruptcy court.
Courts OK $1.13B sale of Nortel assets to Ericsson
Jul 28, 2009 |
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(AP) -- U.S. and Canadian courts have approved Swedish wireless company LM Ericsson's $1.13 billion bid to buy next-generation wireless technology and other assets from insolvent telecom equipment maker Nortel Networks Corp.
CEO of Nortel steps down as company liquidates
Aug 10, 2009 |
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(AP) -- Nortel Networks CEO Mike Zafirovski is stepping down from the troubled telecommunications company, saying "a natural transition point" has been reached as the company continues to liquidate.
US, Canadian judges approve Nortel bankruptcy sale
Sep 16, 2009 |
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(AP) -- Nortel Networks Inc. won approval Wednesday from judges in Delaware and Ontario for the $900 million sale of a Nortel unit that makes communications systems for businesses.
Ciena wins court approval for Nortel unit bid
Oct 16, 2009 |
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(AP) -- Ciena Corp. won court approval Thursday to start bidding on Nortel Network Corp.'s optical and Ethernet division with an offer valued at more than $532 million.
