News tagged with nortel networks

CEO of Nortel steps down as company liquidates

(AP) -- Nortel Networks CEO Mike Zafirovski is stepping down from the troubled telecommunications company, saying "a natural transition point" has been reached as the company continues to liquidate.

dateAug 10, 2009 in Business
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Courts OK $1.13B sale of Nortel assets to Ericsson

(AP) -- U.S. and Canadian courts have approved Swedish wireless company LM Ericsson's $1.13 billion bid to buy next-generation wireless technology and other assets from insolvent telecom equipment maker Nortel Networks Corp.

dateJul 28, 2009 in Business
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Nortel to sell itself off in pieces

(AP) -- Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company.

dateJun 20, 2009 in Business
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