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Articles tagged with: Nortel Networks and Nortel
Nortel to Seek Buyer for Stake in LG-Nortel Joint Venture
Nortel has confirmed that it has decided to seek a buyer for its majority stake (50% + 1 share) in LG-Nortel, the company's Korean joint venture with LG Electronics. Nortel, which is in bankruptcy protection said that LG-Nortel is a profitable, standalone business with a strong balance sheet, and has not filed for creditor protection. more
Related Tags: lg, bankruptcy, lg-electronics, goldman-sachs, court-of-justice, court, ontario, Korea
Nortel posts larger 1Q loss, sales fall
A 37 percent decline in revenue and shrinking margins pushed Nortel Networks Corp. to a $507 million loss in the first quarter, the struggling telecom equipment maker announced Monday. more
Related Tags: Canada
Nortel Exec - Will Consdier Bids for the Company Divisions
Canadian infrastructure vendor, Nortel Networks will give serious consideration to any offers to buy divisions in the company as it restructures under court approved bankruptcy protection. more
Related Tags: ptc, nokia, wall-street-journal, iden, bankruptcy, nokia-siemens-networks, siemens, nokia-siemens, court, Canada
RIM Looking to Hire Thousands of New Staff in 2009
BlackBerry maker Research in Motion (RIM) is reported to be bucking the general economic trend and is seeking to hire several thousand new employees this year - scooping up available talent as people are laid off at other firms. more
Related Tags: ptc, nokia, iphone, apple, wind, bankruptcy, gartner, rim, research-in-motion, Canada
Nortel Networks Reports $2.14 Billion Loss for Q4
Nortel Networks has reported a net loss of US$2.14 billion in the fourth quarter, compared with a net loss of $844 million a year earlier as the firm struggles to restructure itself in bankruptcy protection. The losses includes a reduction of the deferred tax asset of US$951 million, a write-down of $1.2 billion, special charges of US$97 million for restructurings and a loss of US$46 million due to currency fluctuations. more
Related Tags: ptc, bankruptcy, tax, Canada
Nortel's bankruptcy filing enables radical change, and not just at Nortel
Opinion piece by Dana Cooperson and Matt Walker, analysts at Ovum
On 14 January 2009, Nortel Networks moved beyond talk of divestiture and
speculation of bankruptcy, and filed for creditor protection in Canada and the
US, with Nortel UK entering administration separately under a filing managed by
Ernst & Young. The company reached this point after multiple management
regimes failed in their attempts to remake the company after the bursting of the
telecoms bubble. Nortel's move may result in a more balanced industry
structure for communications equipment.
more
Related Tags: ethernet, t-mobile, ptc, nokia, wimax, cisco, itu, lte, zte, alcatel-lucent, mts, ericsson, ovum, verizon, tellabs, t-mobile-germany, bankruptcy, lg, ran, umts, ciena
Nortel Networks files for bankruptcy protection
Canada's Nortel Networks has filed for bankruptcy protection - the first major telecoms firm to fall victim to the ongoing economic downturn. The company said that it expects that its normal day to day operations will continue during the financial restructuring of the business. more
Related Tags: ptc, bankruptcy, flextronics, court, termination, ontario
UPDATE: Nortel Warns Sales to Decline in 2008
WASHINGTON (Dow Jones) -- Nortel Networks Corp. on Wednesday slashed its financial forecast for 2008 and said it would explore the sale of part of its business to cope with weakening sales. more
Related Tags: ethernet, Canada
Nortel Cuts 3rd Quarter Outlook - To Sell Metro Ethernet Business
Canada's Nortel Networks has lowered its business outlook expectations and announced another round of cutbacks and asset sales. The company now expects 3rd quarter sales to be around US$2.3 billion, down on previous estimates of US$2.66 billion and compared to US$2.7 billion a year earlier. The firm lost US$113 million on sales of US$2.62 billion in the second quarter of this year. more
Related Tags: ethernet, 4g, Canada
Ericsson Supplying Vietnamese CDMA to GSM Migration Kit
Ericsson has signed its largest single contract in Vietnam, amounting to US$450 million, to develop and modernize Hanoi Telecom's nationwide mobile network. The partnership, a first in Vietnam, will also see Ericsson managing and operating the network under a full-scope managed services contract. more
Related Tags: core-network, cdma, ericsson, microwave, radio-access-network, s-fone, packet-core, managed-services, hanoi, Vietnam
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