Nortel Network News

The U$1.13 billion acquisition of financially-troubled Nortel's CDMA and LTE wireless assets is now complete.

Qualified bidders are now required to submit offers by November 17, 2009. The Company expects to provide a further update on the auction process and sale of these businesses next week.

Dale Seto is accustomed to toiling out of the spotlight. Most days, the aircraft mechanic crawls around inside the guts of an Airbus jetliner, grease on his hands.

Mark Evans at All About Nortel brings up a good point this week: what effect will Nortel Networks' demise have on Canada's startup landscape? It's an interesting question as Nortel continues to auction its assets and as pensioners fight for their benefits.

Nortel Networks Corp. , the insolvent Canadian phone-equipment maker, is giving potential acquirers more time to make an offer for its optical-networking business , said two people familiar with the matter.

As of the date of the motion, Nortel had yet to propose a formal plan of compromise or arrangement.

FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 18 of NORTEL NETWORKS BANKRUPTCY NEWS today.

In the summer of 2001, Pat DiPietro had an epiphany: if he wanted to be part of a growth industry, he'd have to leave Nortel Networks Corp.

On a frigid day several winters ago, a solitary, angular man made his way across his property near Caledon Hills, north of Toronto.

Gary Daichendt and Gary Kunis were extremely wealthy when they retired from Cisco Systems Inc.

Swedish telecom equipment maker Ericsson expects to close its acquisition of key assets of bankrupt Nortel Networks Corp very soon, a senior company executive said on Thursday.

Canwest News Service is detailing the collapse of one of the country's largest companies.

When Mike Zafirovski was new to the job of chief executive, he nixed a plan that might have transformed Nortel Networks Corp.

During a panel discussion Tuesday at VoiceCon San Francisco 2009 , industry experts said Nortel Networks' collapse and potential acquisition by Avaya definitely raises many questions for enterprises, but businesses can maneuver through the ripple effects by not panicking and doing their due diligence.

"Nortel's decision to provide access to its communication enabled business solutions over Amazon EC2 is yet another indicator that cloud computing is the future," said Sheila McGee-Smith, president and principal analyst, McGee-Smith Analytics.

Nokia Siemens Networks, the No. 2 maker of wireless network equipment, said Tuesday that it planned to cut 9 percent of its workforce as it attempted to weather a double-digit sales decline and stiffer competition from Chinese manufacturers.

New Democrat Leader Jack Layton is calling for reforms to Canada's bankruptcy laws to have employee pensions given priority in court proceedings.

January 2009: Mike Zafirovski was troubled by the week's events when he headed out for a late Friday-night dinner with friends in Toronto.

Two relatively significant pieces of news from Nortel Networks were released on Wednesday.

Under the amendment, Nortel and Ericsson have extended to November 30, 2009 the date by which to close the sale.