News tagged with nortel
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.
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.
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.
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.
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.
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.
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.
