The lastest NORTEL news

Nortel Obtains Further Extension of Stay Period Under CCAA ...
Nortel* Networks Corporation announced today that it, its principal operating subsidiary Nortel Networks Limited and its other Canadian subsidiaries that filed for creditor protection under the Companies' Creditors Arrangement Act (CCAA) have obtained an order from the Ontario Superior Court of Justice (Canadian Court) further extending, to June 30, 2011, the stay of proceedings that was previously granted by the Canadian Court. ...

Nortel Announces Change in Accounting for U.S. Subsidiaries ...
Nortel Networks Corporation and Nortel Networks Limited (together, Nortel) announced they have now determined that Nortel’s U.S. subsidiaries and the subsidiaries they control will be deconsolidated and accounted for under the cost method of accounting, effective as of October 1 2010. ...

Nortel Completes Sale of Ottawa Carling Campus to Public Works and Government Services Canada ...
Nortel Networks Corporation announced the completion of another milestone in its creditor protection proceedings. Nortel’s principal operating subsidiary Nortel Networks Limited and Nortel Networks Technology Corporation (together, Nortel) have completed the sale of Nortel’s Ottawa Carling Campus to Public Works and Government Services Canada (PWGSC) for a cash purchase price of CDN$208 million. ...

Nortel Refiles National Instrument 52-109 Certificates ...
Nortel Networks Limited announced, pursuant to a request by Staff of the Corporate Finance branch of the Ontario Securities Commission, that it has refiled on SEDAR its certificates in connection with its 2009 Annual and 2010 Interim financial statement filings in the forms prescribed under National Instrument 52-109. The refiled certificates contain a prescribed "Note to Reader", which was inadvertently omitted from the certificates previously filed ...