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Nortel News

Nortel Enters into Agreement for Sale of its Majority Stake in LG-Nortel

April 22, 2010 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”), [...]

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Nortel CVAS Still the #1 Supplier in Global Carrier VoIP and Softswitch Markets

April 20, 2010 Nortel News

Nortel Carrier VoIP and Application Solutions (CVAS) today announced that the company continues its reign as the #1 global Carrier VoIP and Softswitch market leader with the largest revenues in the Carrier VoIP market for the fourth quarter of 2009, according to new data from both Infonetics Research and Dell’Oro Group. Nortel CVAS also grew [...]

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Nortel Completes Sale of GSM/GSM-R Business to Ericsson and Kapsch

April 1, 2010 Nortel News

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 [...]

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Nortel GENBAND Agreement Obtains Canadian and U.S. Court Approval

January 7, 2010 Avaya News (NYSE:AV)

Nortel Networks Corporation announced that at a joint hearing today, it, its principal operating subsidiary Nortel Networks Limited (NNL) and certain of its other subsidiaries, including Nortel Networks Inc. (NNI) obtained orders from the United States Bankruptcy Court for the District of Delaware and the Ontario Superior Court of Justice approving the “stalking horse” asset [...]

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Nortel to sell it’s carrier VoIP solution including softswitching, gateways and SIP applications

December 23, 2009 Nortel News

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 [...]

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Nortel files for Creditor Protection

December 18, 2009 Nortel News

Nortel Networks Corporation [OTC: NRTLQ] announced that it, its principal operating subsidiary Nortel Networks Limited (“NNL”) and its other Canadian subsidiaries that filed for creditor protection under the Companies’ Creditors Arrangement Act have obtained an order from the Ontario Superior Court of Justice (“Canadian Court”) further extending, to January 29, 2010, the stay of proceedings [...]

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Avaya Completes Acquisition of Nortel Enterprise Solutions

December 18, 2009 Avaya News (NYSE:AV)

Avaya announced the successful completion of its acquisition of Nortel Enterprise Solutions (NES). The addition of NES further enhances Avaya’s strategic position in providing business communications solutions and services for enterprise customers. The acquisition gives the company added scale, resources and expertise to deliver a portfolio of solutions and services around the globe. “The completion [...]

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Nortel completes sale to Hitachi

December 9, 2009 Nortel News

Nortel Networks Corporation [OTC: NRTLQ] announced that its principal operating subsidiary, Nortel Networks Limited (NNL), its U.S. subsidiary, Nortel Networks Inc., and its Canadian subsidiary, Nortel Networks Technology Corporation, have completed the sale of the assets of its Carrier Networks business associated with the development of Next Generation Packet Core network components (Next Generation Packet [...]

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Ericsson and Kapsch Successful Bidders for Nortel GSM/GSM-R Business

November 25, 2009 Nortel News

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 concluded a successful auction of substantially all of the global assets of Nortel’s GSM/GSM-R business. Telefonaktiebolaget LM [...]

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