Nortel

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John Doolittle, Chief Financial Officer
Chris Ricaurte, President Nortel Business Services

Nortel Networks Corporation (Pink Sheets: NRTLQ), formerly known as Northern Telecom Limited and sometimes known simply as Nortel, is a multinational telecommunications equipment manufacturer headquartered in Toronto, Ontario, Canada. On January 14, 2009, Nortel filed for protection from creditors in the United States, Canada, and the United Kingdom, in order to restructure its debt and financial obligations.[5] The period of bankruptcy protection has been extended to February 28, 2011.[6]

In June 2009, the company announced it would cease operations and sell off all of its business units.[7] Ericsson purchased Nortel's CDMA wireless business and LTE access technology,[8] Nortel's share in its joint venture with LG Electronics,[9] the Multi-Service Switch business unit,[10] and, in partnership with Kapsch, the GSM unit.[11] Avaya bought the Enterprise Solutions business unit, including Nortel's stake in Nortel Government Solutions and DiamondWare;[12] Genband acquired the Carrier VoIP and Application Solutions (CVAS) unit;[13] Ciena Corporation bought the Metro Ethernet Networks unit;[14] and Hitachi purchased the Next Generation Packet Core assets.[15]

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