Phone Scoop

printed October 5, 2015
See this page online at:

Home  ›  News  ›

Nortel May Break Itself Into Pieces

Article Comments  

Mar 12, 2009, 7:46 AM   by Eric M. Zeman   @phonescooper

According to the Globe and Mail newspaper, Nortel networks may sell off major divisions rather than attempt to regroup while it is under bankruptcy protection. Sources indicated that Nortel is already entertaining offers from other companies for parts of its business, though Nortel declined to say who. Both Nortel's wireless business and in-office telecom business have seen interest from outside parties. When it declared bankruptcy, Nortel had cash reserves of $2.4 billion and debts exceeding $4.5 billion.

more info at Reuters »



This forum is closed.

This forum is closed.

No messages

Page  1  of 1

Subscribe to Phone Scoop News with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Subscribe to Phone Scoop on YouTube Follow on Instagram


All content Copyright 2001-2015 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.