Nortel News

Nortel* Networks Corporation [OTC: NRTLQ] announced today that its principal operating subsidiary Nortel Networks Limited (“NNL”) has entered into a share purchase agreement (“Agreement”) with Telefonaktiebolaget LM Ericsson (Publ) (“Ericsson”) for the sale of its 50% plus 1 share interest in LG-Nortel Co. Ltd., the company’s Korean joint venture with LG Electronics Inc. (“LG Electronics”), [...]

Nortel* Networks Corporation [OTC: NRTLQ] announced that it, its principal operating subsidiary Nortel Networks Limited (NNL), and certain of its other subsidiaries, including Nortel Networks Inc., Nortel Networks UK Limited (in administration), and Nortel Networks SA (NNSA) have completed the sale of substantially all of the global assets of Nortel’s GSM/GSM-R business. Telefonaktiebolaget LM Ericsson [...]

Nortel Networks Corporation [OTC: NRTLQ] has entered into a “stalking horse” asset sale agreement with GENBAND, Inc. (GENBAND) for the sale of substantially all of the assets of its North America, Caribbean and Latin America (CALA) and Asia Carrier VoIP and Application Solutions (CVAS) business, and an asset sale agreement with GENBAND for the sale [...]