Home  ›  News  ›

Nortel May Break Itself Into Pieces

Article Comments  

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

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.

Reuters »

Comments

This forum is closed.

This forum is closed.

No messages

 
 
Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Threads Follow @phonescoop on Mastodon Phone Scoop on Facebook Follow on Instagram

 

Playwire

All content Copyright 2001-2024 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.