Bankruptcy hangs over Nortel
Nortel asked for protection from creditors in an attempt to avoid bankruptcy and the end of its operations, which in recent years have been marked by financial difficulties. Canadian …
Etiqueta: Nortel
Avaya’s bid wins auction to purchase Nortel unit
Avaya’s «courtship» of Nortel’s corporate communications unit has been going on for months after the company went bankrupt. The company has now achieved an important step, winning the auction …
Avaya pays $ 475 million for Nortel business solutions
After filing for bankruptcy, historic Nortel has been selling its assets. This time the company announces the conclusion of an agreement with Avaya, which intends to acquire its business …
Alcatel acquires Nortel UMTS assets for $ 320 million
Alcatel will pay $ 320 million for Nortel’s network equipment business in the UMTS area. With the deal, the French company – recently merged with Lucent – gains 14 …
3,200 lose job at Nortel
Nortel today announced the cutting of more than 3,200 jobs in its company. The news comes shortly after the manufacturer said it would lay off more than 1,000 employees. …
