Nortel Networks Corp, North America's biggest maker of telephone equipment, filed for bankruptcy protection on Wednesday, a day before it was due to make an interest payment of about $107-million.The company's board unanimously approved the filing, the company said in a statement.
James Morton
Wednesday, January 14, 2009
Nortel files for bankruptcy protection in U.S
We'll see if Nortel seeks protection in Canada today. Regardless, a sad story for a great Canadian firm.
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