One major reason Nortel Networks filed for protection against its creditors in the U.S. and other countries Wednesday was to preserve $2.4 billion in cash, which the company plans to use to provide ...

Nortel Networks President and CEO Mike Zafirovski explained his plans to rejuvenate the company's enterprise business and channel strategy in an interview with CRN Assistant News Editor Jennifer ...

With its credit rating downgraded yesterday to junk bond status by Moody’s Investors Service, officials at networking vendor Nortel Networks Ltd. say operations will continue unabated, despite the ...

Nortel Networks CEO Mike Zafirovski is stepping down from the troubled telecommunications giant as the company liquidates. Toronto-based Nortel also announced Monday that it lost $274 million in the ...

Nortel Networks Ltd. last week unveiled a marketing strategy focused on mainstream corporate users, as the struggling vendor attempts to move beyond the still-dreary market for networking gear sold to ...

Nortel Networks Corp. increased its revenue and trimmed its losses in the first quarter of 2007 versus the same period last year, reporting strong growth in enterprise networks and in CDMA ...

Nokia Siemens Networks has lost yet another auction for some of Nortel's assets, but there are still some parts remaining to be sold Ciena will pay $769 million for the optical networking and carrier ...

Nortel Networks Corp. announced Tuesday it will acquire Tasman Networks Inc., a provider of enterprise-level routers, for US$99.5 million. The cash deal is expected to close in the first quarter of ...

North American telecoms giant, Nortel Networks, unveils a $100m expansion of its UK operations, setting up an "Optical Centre of Excellence" in south London. North American telecoms giant, Nortel ...

Earlier this week, Avaya was named the winning bidder to acquire troubled Nortel's enterprise business for $900 million cash and a $15 million employee retention program. The sale is the second major ...

Software has become the new face of unified communications (UC) integration as enterprises with multivendor systems and applications want to tear down silos between different communications and ...

(Reuters) - Sweden's Ericsson has won an auction for the wireless assets of bankrupt Nortel Networks Corp, paying $1.13 billion (£687.2 million) for the crown jewels of the one-time Canadian telecom ...