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The lastest NORTEL news Nortel Obtains Canadian and U.S. Court Approval of Stalking Horse Agreement and Bidding Procedures for Sale of Patent Portfolio ...... Nortel Announces Unsuccessful Conclusion to Mediation Process ... Nortel Networks announced that the mediation process that had been commenced in respect of the allocation of sale proceeds of Nortel's various business and asset divestitures and other inter-estate matters, including inter-company claims, has ended without resolution of the matters in dispute. ... Nortel to Sell Patent Portfolio ... Nortel announced that it, its principal operating subsidiary Nortel Networks Limited (NNL) and certain of its other subsidiaries, including Nortel Networks Inc. and Nortel Networks UK Limited (in administration), have entered into a stalking horse asset sale agreement with Google Inc. for the sale of all of Nortel’s remaining patents and patent applications for a cash purchase price of US$900 million. ... Nortel completes Sale of Multi Service Switch business to Ericsson ... Nortel Networks Corporation announced that it, its principal operating subsidiary Nortel Networks Limited (NNL), and certain of its other subsidiaries, including Nortel Networks Inc. and Nortel Networks UK Limited (in administration), have completed the sale of substantially all of the assets of Nortel's Multi Service Switch (MSS) businesses globally to Telefonaktiebolaget LM Ericsson ("Ericsson") for a cash purchase price of US$65 million subject to working capital and other adjustments. ... Nortel Confirms Filing of 2010 Annual Financial Statements and Related Management's Discussion and Analysis with Canadian Securities Administrators ... Nortel Networks Corporation and Nortel Networks Limited confirmed today that their audited consolidated financial statements and related Management's Discussion and Analysis of Financial Condition and Results of Operations for the year ended December 31, 2010 have been filed with the Canadian Securities Administrators. ... Nortel Reports Financial Results for the Fourth Quarter and Full Year 2010 ... Nortel Networks Corporation announced its results for the fourth quarter and full year 2010. Results were prepared in accordance with United States generally accepted accounting principles (GAAP) in U.S. dollars. ... 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 ... |
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