Topic: Nortel Networks Corporation
Nortel gets approval to sell division to Genband
AP News
Nortel gets bankruptcy court approval to sell division to GenbandNortel Networks Corp. has been cleared to sell nearly all of its Carrier Voice over Internet Protocol (VoIP) and Application Solutions business globally to Genband Inc. for $282 million. Nortel, based in Toronto, and Genband, based in Plano, Texas, said Wednesday ...
Nortel gets U.S., Canadian court OK to sell unit
Reuters US Online Report Technology News
(Reuters) - Nortel Networks Corp said it received U.S. and Canadian court approval for the sale of its carrier Voice over Internet Protocol and application solutions business to Genband Inc for about $182 million. The company received orders from the United States Bankruptcy Court for the District of Delaware and ...
UK regulator files $3.3 billion Nortel claim
Reuters US Online Report Business News
TORONTO (Reuters) - A British pension fund regulator has filed a claim for 2.1 billion pounds ($3.3 billion) against failed telecom equipment giant Nortel Networks Corp, Canada's Globe and Mail newspaper reported on Saturday. The report said the move set the stage for a potential international tug of ...
Nortel sees $1 billion more from business sales
Reuters US Online Report Business News
<div><p>(Reuters) - Bankrupt Nortel Networks Corp &lt;NRTLQ.PK&gt; said it was expecting about $1 billion more from the sale of some of its remaining businesses, including the Optical Networking and Carrier Ethernet service.</p><p>The company ...
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