After a long, hard fall and talk of a possible bailout, the Canadian telecom icon chooses protection from its creditors.
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With significant financial exposure for Canadian investors, the Ottawa government is unlikely to let the one-time national icon sink into (rumored) bankruptcy.
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The Canadian company will shed 1,300 jobs and divide itself into three business units that analysts say are being readied for sale.
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The network giant, no stranger to accounting problems, says years of mistakes have inflated its profit reports.
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A joint venture is expected to help the rising Chinese network star tap North America and give Nortel a boost.
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Big Blue plays matchmaker; the cable guy is back; Motorola drops Nortel lawsuit
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Cell phone maker seeks to stop Nortel’s chief from sharing its confidential information with new employer.
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