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Nortel Networks Corporation (Nortel), formerly Northern Telecom Limited, was a Canadian multinational telecommunications and data networking equipment manufacturer headquartered in Ottawa, Ontario, Canada. It was founded in Montreal, Quebec in 1895 as the Northern Electric and Manufacturing Company.
Nortel's share price falls more than 79% on the Toronto Stock Exchange. Nortel is the first major technology company to seek bankruptcy protection in this global downturn. Nortel had an interest payment of $107 million due the next day, approximately 4.6% of its cash reserves of approximately $2.3 billion.
Jan 5, 2018 · Nortel was a Canadian telecommunications and data networking equipment manufacturer that rose and fell in the IT market. Learn about its origins, innovations, acquisitions, bankruptcy and legacy.
Jun 30, 2023 · Learn how Nortel, once a leader in fibre optics and telephony, collapsed in 2009 after facing financial mismanagement, market saturation and internet competition. Discover the history, products and legacy of Nortel and its ongoing support for customers.
Nortel Networks is a global leader in telephony, data, wireless, and wireline solutions for the Internet. Today, Nortel Networks is creating a high-performance Internet that is more reliable and faster than ever before.
Jan 14, 2019 · How did Nortel, once a tech giant and Ottawa's economic engine, go bankrupt in 2009? A professor's study reveals the factors that led to its failure and the impact on the local industry.
Jan 14, 2009 · Learn about the rise and fall of Nortel Networks, Canada's former telecommunications giant, from its origins in 1882 to its bankruptcy in 2009. See the milestones, scandals, and trials that shaped the company and its executives.
