Nortel Networks Corporation
News and overview for Nortel Networks Corporation
Nortel Completes Sale of Optical Networking and Carrier Ethernet Business to Ciena; Announces Management Changes [Press Release]
MarketWire | 1 day 16 hours 38 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 03/19/10 -- Nortel(1) Networks Corporation (OTCBB: NRTLQ) announced today that it, its principal operating subsidiary Nortel Networks Limited (NNL), and certain of its other subsidiaries including Nortel Networks Inc. and Nortel Networks UK Limited have completed the sale of substantially all of the assets of Nortel's Optical Networking and Carrier Ethernet businesses to Ciena Corporation (Ciena). Ciena has elected, as permitted by the terms of the sale ag...
Nortel Reports Financial Results for the Fourth Quarter and Full Year 2009 [Press Release]
MarketWire | 8 days 14 hours 6 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 03/12/10 -- Nortel (OTCBB: NRTLQ) -
Nortel Obtains U.S. and Canadian Court Approval for Sale to GENBAND of its Carrier VoIP and Application Solutions Business [Press Release]
MarketWire | 17 days 15 hours 10 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 03/03/10 -- Nortel(i) Networks Corporation (OTCBB: NRTLQ) announced that at a joint hearing today it, its principal operating subsidiary Nortel Networks Limited (NNL), and certain of its other subsidiaries including Nortel Networks Inc. (NNI) obtained orders from the United States Bankruptcy Court for the District of Delaware and the Ontario Superior Court of Justice approving the asset sale agreement with GENBAND, Inc. (GENBAND) for the sale of substantia...
Research and Markets: Internet Protocol Private Branch Exchange (IP PBX) - Global Strategic Business Report [Press Release]
Business Wire | 4 days 4 hours 39 minutes ago
Research and Markets (http://www.researchandmarkets.com/research/ec234a/internet_protocol) has announced the addition of the "Internet Protocol Private Branch Exchange (IP PBX) - Global Strategic Business Report" report to their offering.
Nortel Announces GENBAND as Successful Acquirer of its Carrier VoIP and Application Solutions Business [Press Release]
MarketWire | 25 days 34 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 02/24/10 -- Nortel(1) Networks Corporation (OTCBB: NRTLQ) today announced that, it, its principal operating subsidiary Nortel Networks Limited (NNL), and certain of its other subsidiaries, including Nortel Networks Inc. and Nortel Networks UK Limited (in administration), will not proceed to auction and will work towards closing the asset sale agreements with GENBAND, Inc. (GENBAND) which were previously announced on December 23, 2009. The agreements provid...
Nortel Enters Into Settlement Agreement With Former and Disabled Canadian Employee Representatives [Press Release]
MarketWire | 40 days 17 hours 45 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 02/08/10 -- Nortel(i) Networks Corporation (OTCBB: NRTLQ) today announced that it, Nortel Networks Limited and their Canadian subsidiaries that have filed for creditor protection under CCAA (collectively, Nortel), have reached an agreement on certain employment related matters regarding former Canadian Nortel employees, including Nortel's Canadian registered pension plans and benefits for Canadian pensioners and Nortel employees on long term disability (LT...
Reportlinker Adds Global Internet Protocol Private Branch Exchange (IP PBX) Industry [Press Release]
PRNewswire | 9 days 5 hours ago
NEW YORK, March 12 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Nortel Obtains Canadian and U.S. Court Approval of Stalking Horse Agreement and Bidding Procedures for Sale of Carrier VoIP and Application Solutions Business [Press Release]
MarketWire | 73 days 17 hours 52 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 01/06/10 -- Nortel(1) Networks Corporation (OTCBB: NRTLQ) announced that at a joint hearing today, it, its principal operating subsidiary Nortel Networks Limited (NNL) and certain of its other subsidiaries, including Nortel Networks Inc. (NNI) obtained orders from the United States Bankruptcy Court for the District of Delaware and the Ontario Superior Court of Justice approving the "stalking horse" asset sale agreement with GENBAND, Inc. (GENBAND) for the ...
Nortel Provides Update on Creditor Protection Proceedings [Press Release]
MarketWire | 38 days 49 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 02/11/10 -- Nortel(i) Networks Corporation (OTCBB: NRTLQ) today provided an update on its creditor protection proceedings.
Nortel to Sell Carrier VoIP and Application Solutions Business [Press Release]
MarketWire | 88 days 44 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 12/23/09 -- Nortel(1) Networks Corporation (OTCBB: NRTLQ) today announced that it, its principal operating subsidiary Nortel Networks Limited (NNL), and certain of its other subsidiaries, including Nortel Networks Inc. and Nortel Networks UK Limited (in administration), have entered into a "stalking horse" asset sale agreement with GENBAND, Inc. (GENBAND) for the sale of substantially all of the assets of its North America, Caribbean and Latin America (CAL...
Nortel Reports Financial Results for the Third Quarter 2009 [Press Release]
MarketWire | 124 days 15 hours 31 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 11/16/09 -- Nortel Networks Corporation (OTCBB: NRTLQ) -
Nortel Obtains Further Extension of Stay Period Under CCAA and Obtains Canadian and U.S. Court Approvals for Inter-Company Funding Agreement [Press Release]
MarketWire | 58 days 14 hours 30 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 01/21/10 -- Nortel(1) Networks Corporation ("NNC") (OTCBB: NRTLQ) announced today that it, its principal operating subsidiary Nortel Networks Limited ("NNL") and its other Canadian subsidiaries that filed for creditor protection under the Companies' Creditors Arrangement Act have obtained an order from the Ontario Superior Court of Justice ("Canadian Court") further extending, to April 23, 2010, the stay of proceedings that was previously granted by the Ca...
Nortel Announces Inter-company Funding Agreement and Settlement of Certain Inter-company Claims [Press Release]
MarketWire | 87 days 17 hours 24 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 12/23/09 -- Nortel(1) Networks Corporation (OTCBB: NRTLQ) announced today that it, Nortel Networks Limited (NNL), Nortel Networks Inc. (NNI), and certain of its other Canadian and U.S. subsidiaries that have filed for creditor protection in Canada or the U.S., have entered into a Final Canadian Funding and Settlement Agreement (Agreement). The Agreement provides, among other things, for the settlement of certain inter-company claims, including in respect o...
Nortel Completes Sale of Substantially All of Enterprise Solutions Business to Avaya [Press Release]
MarketWire | 92 days 17 hours 35 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 12/18/09 -- Nortel(1) Networks Corporation (OTCBB: NRTLQ) announced today that it, its principal operating subsidiary Nortel Networks Limited, and certain of its other subsidiaries including Nortel Networks Inc. and Nortel Networks UK Limited have completed the sale of substantially all of the assets of Nortel's global Enterprise Solutions business as well as the shares of Nortel Government Solutions Incorporated and DiamondWare, Ltd. to Avaya Inc. (Avaya)...
Nortel Completes Sale of Assets of Next Generation Packet Core Network Components to Hitachi [Press Release]
MarketWire | 102 days 19 hours 18 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 12/08/09 -- Nortel(1) Networks Corporation (OTCBB: NRTLQ) announced that its principal operating subsidiary, Nortel Networks Limited (NNL), its U.S. subsidiary, Nortel Networks Inc., and its Canadian subsidiary, Nortel Networks Technology Corporation, have completed the sale of the assets of its Carrier Networks business associated with the development of Next Generation Packet Core network components (Next Generation Packet Core Assets) to Hitachi Ltd. fo...
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Company Overview
| Company: | Nortel Networks Corporation |
|---|---|
| Industry: | Wireline Telecommunications Equipment |
| Website: | http://www.nortel.com |
Nortel Networks decided to hang up on the telecom sector. One of the largest makers of telecom equipment in North America, the company makes core network switching, wireless, and optical systems. Its wireline and enterprise network equipment includes systems for digital voice and data switching, routing, and call center communications. Wireless products include cellular base stations and controllers. The company makes such long-haul fiber-optic products as multiplexers and switches. Its service arm offers network implementation, managed services, and software development. Nortel filed for bankruptcy protection in 2009, and the company is now in the process of liquidating its assets.
Key Numbers
| Sales in U.S. Dollars (mil.) | 10,421 (2008) |
|---|---|
| One-year % Growth in Sales | -4.8 (2008) |
| Net Income in U.S. Dollars (mil.) | -5,799 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 30,307 (2008) |
| One-year % Growth in Number of Employees | -6.9 (2008) |
| Fiscal Year-End | December |
