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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 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.
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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.
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.
May 3, 2016 · A Canadian court on Tuesday closed the door on legal challenges to a ruling that divvied up the $7.3 billion raised from the liquidation of Nortel Networks, a former Canada-based telecoms ...
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.
