Articles tagged with: Nortel and Goldman Sachs

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, nortel-networks, Korea South