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Nortel plans to sell some carrier networks assets

SAN FRANCISCO – (AP) Nortel Networks Corp. said Monday that it intends to auction off some of the company’s carrier networks business assets in bankruptcy court Originally posted here: Nortel plans to sell some carrier networks assets

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US, Canadian judges approve Nortel bankruptcy sale

WILMINGTON, Del. – (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 Read more: US, Canadian judges approve Nortel bankruptcy sale

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US, Canadian judges approve Nortel bankruptcy sale

WILMINGTON, Del. – (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 Read more: US, Canadian judges approve Nortel bankruptcy sale

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Avaya in $900 million deal for Nortel business

NEW YORK – (AP) Nortel Networks, which has been operating under bankruptcy protection since January, has selected Avaya as the successful bidder for its segment that makes communications systems for businesses. Basking Ridge, N.J.-based Avaya Inc. Read the original: Avaya in $900 million deal for Nortel business

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Avaya in $900 million deal for Nortel business

NEW YORK – (AP) Nortel Networks, which has been operating under bankruptcy protection since January, has selected Avaya as the successful bidder for its segment that makes communications systems for businesses. Basking Ridge, N.J.-based Avaya Inc. Read the original: Avaya in $900 million deal for Nortel business

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Nortel hit with $3 billion tax bill

Bankrupt Canadian telecom equipment maker Nortel Networks Corp. owes the United States Internal Revenue Service a staggering $3 billion in taxes and interest, according to a claim filed in the company’s bankruptcy case. See the original post here: Nortel hit with $3 billion tax bill

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Nortel loss balloons, CEO to step down

TORONTO (Reuters) – Nortel Networks said on Monday its chief executive will step down immediately and its board will shrink from nine directors to three as the bankrupt telecom equipment maker sheds major assets. More: Nortel loss balloons, CEO to step down See the original post: Nortel loss balloons, CEO to …

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Nortel loss balloons, CEO to step down

TORONTO (Reuters) – Nortel Networks said on Monday its chief executive will step down immediately and its board will shrink from nine directors to three as the bankrupt telecom equipment maker sheds major assets. More: Nortel loss balloons, CEO to step down See the original post: Nortel loss balloons, CEO to …

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Nortel loss balloons, CEO to step down (Reuters)

Reuters – Nortel Networks said on Monday its chief executive will step down immediately and its board will shrink from nine directors to three as the bankrupt telecom equipment maker sheds major assets. The rest is here: Nortel loss balloons, CEO to step down (Reuters) Here is the original post: Nortel loss …

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Nortel loss balloons, CEO to step down (Reuters)

Reuters – Nortel Networks said on Monday its chief executive will step down immediately and its board will shrink from nine directors to three as the bankrupt telecom equipment maker sheds major assets. The rest is here: Nortel loss balloons, CEO to step down (Reuters) Here is the original post: Nortel loss …

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