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News Tagged By: Nortel

Nortel U.S. unit agrees to pay bondholders $1B interest

Nortel Networks Corp.’s defunct U.S. unit agreed to pay bondholders as much as $1 billion U.S. to cover interest that investors claim has accrued since the former telecommunications giant filed for...

Posted on 7-25-2014 at 9:43 AM
Tags: Nortel

U.S., Canadian courts begin unusual trial over Nortel billions

Judges in Wilmington, Delaware, and Toronto jointly kicked off a novel cross-border trial on Monday to divvy up the $7.3 billion US that was raised in the liquidation of once-mighty telecoms...

Posted on 5-12-2014 at 2:50 PM
Tags: Nortel

Culture of arrogance’ felled telecom giant Nortel: Study

Giant Nortel Networks Corp. was caused by "a culture of arrogance and even hubris" that led to numerous management errors and weakened the firm's ability to adapt to changing customer needs in a...

Posted on 3-18-2014 at 8:23 AM
Tags: Nortel
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