Nortel Networks Corporation

Nortel Provides Update on Auction Date for the Sale of its GSM/GSM-R Business [Press Release]
MarketWire | 1 day 1 hour 48 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 11/19/09 -- Nortel(1) Networks Corporation (OTCBB: NRTLQ) today announced that as a consequence of the rescheduling of the auction date for the sale of its global Optical Networking and Carrier Ethernet businesses to November 20, 2009 announced earlier this week, it is delaying the auction for the sale of its GSM/GSM-R business, which was previously scheduled to take place on November 20, 2009, and that it is continuing in discussions with interested parti...

Nortel Reports Financial Results for the Third Quarter 2009 [Press Release]
MarketWire | 4 days 2 hours 10 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 11/16/09 -- Nortel Networks Corporation (OTCBB: NRTLQ) -

Nortel Provides Update on Auction Date for the Sale of its Optical Networking and Carrier Ethernet Businesses [Press Release]
MarketWire | 2 days 3 hours 35 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 11/18/09 -- Nortel(1) Networks Corporation (OTCBB: NRTLQ) today announced, further to its press release dated November 13, 2009 whereby Nortel announced the extended bidding deadline of November 17, 2009 in relation to the sale of its global Optical Networking and Carrier Ethernet businesses, that it will proceed to an auction of these businesses on November 20, 2009.

Nortel Completes Sale of CDMA Business and LTE Access Assets to Ericsson [Press Release]
MarketWire | 7 days 7 hours 39 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 11/13/09 -- 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., have completed the sale of substantially all of Nortel's CDMA Business and LTE Access assets to Telefonaktiebolaget LM Ericsson (Ericsson) for a purchase price of US$1.13 billion. The sale was subject to court approvals in the U.S. and Canada as w...

Nortel Provides Update on Auction for the Sale of its Optical Networking and Carrier Ethernet Business [Press Release]
MarketWire | 7 days 8 hours 10 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 11/13/09 -- Nortel(1) Networks Corporation (OTCBB: NRTLQ) announced that in light of ongoing discussions with interested parties, it has decided to not hold the previously scheduled auction today in relation to the sale of its global Optical Networking and Carrier Ethernet businesses. Qualified bidders are now required to submit offers by November 17, 2009. The Company expects to provide a further update on the auction process and sale of these businesses ...

Nortel and Ericsson Amend Asset Sale Agreement to Provide for Closing Date Extension [Press Release]
MarketWire | 21 days 9 hours 20 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 10/30/09 -- Nortel(1) Networks Corporation (OTCBB: NRTLQ) announced today that it, together with its principal operating subsidiary Nortel Networks Limited and Nortel Networks Inc., entered into an amendment of its previously announced asset sale agreement with Telefonaktiebolaget LM Ericsson ("Ericsson") regarding the sale of substantially all of Nortel's CDMA business and LTE Access assets.

Nortel to File its Third Quarter Results by November 16, 2009 [Press Release]
MarketWire | 11 days 8 hours 4 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 11/09/09 -- Nortel(1) Networks Corporation (OTCBB: NRTLQ) announced today that following discussions with the Staff of the U.S. Securities and Exchange Commission (SEC), Nortel's periodic reports, beginning with the reports for the quarter ended September 30, 2009 (Q3 Form 10-Qs), will no longer present combined financial statements of the Europe, Middle East and Africa (EMEA) subsidiaries which have filed for creditor protection as well as those entities ...

Nortel Enters into Agreement for Sale of Certain Next Generation Packet Core Network Components [Press Release]
MarketWire | 25 days 10 hours 35 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 10/26/09 -- Nortel(1) Networks Corporation (OTCBB: NRTLQ) today announced that its principal operating subsidiary, Nortel Networks Limited, and one of its other subsidiaries, Nortel Networks Inc., have entered into an agreement with Hitachi, Ltd. for the sale of certain assets associated with the development of next generation packet core network components (excluding legacy packet core components for Nortel's GSM and UMTS businesses) for a purchase price ...

Nortel Provides Update on Auction Date for the Sale of its GSM/GSM-R Business; Obtains Further Extension of Stay Period Under CCAA [Press Release]
MarketWire | 23 days 6 hours 12 minutes ago
TORONTO, ONTARIO -- (Marketwire) -- 10/28/09 -- Nortel(i) Networks Corporation (OTCBB: NRTLQ) announced today that in light of the current status of the Company's various divestiture activities and asset sales, it has determined, after discussions with interested parties, that it is preferable to schedule the auction in relation to the sale of its GSM/GSM-R business at a later date than initially planned. The anticipated auction date will be postponed from November 9, 2009 to November 20, 20...