Nortel files for Chapter 11Alan Spicer Marine Telecom Blog | Alan Spicer Marine Telecom Blog
USTelecom DailyLead Nortel Networks filed for bankruptcy protection in a U.S. court today, with assets and debt totaling more than $1 billion. Observers say Nortel, which has tried in vain since September to shed some of its business units, will probably be broken up and sold to rivals such as Nokia Siemens Networks, Ericsson, Cisco Systems and Huawei Technologies. Bloomberg (1/14) , The Globe and Mail (Toronto) (1/14) --- Alan Spicer Telecom / Alan Spicer Marine Telecom communications (at) communications (at) a_spicer (at) +1 954-683-3426 +1 954-977-5245