On 14 January 2009, Nortel Networks 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. There is no immediate industry impact from this filing, as Nortel’s downwards spiral has been gradual and bankruptcy restructurings take time. For Nortel’s three key constituencies – customers, investors, and staff – the announcement...
Read More
Recent Comments
Professor Prem raj Pushpakaran writes -- 2023 marks...
The truth will come out in 2069.Some patience...
obviously they used alien technology duh...
The problems created by the weak nuclear bond...
John