Category Archives: Financials

Google Agrees to Buy Nortel’s Patents

By Mark Evans | Published: April 4, 2011
Just when you thought All About Nortel had gone into permanent hibernation, we’re back for a special guest appearance. How come? Google has entered into a stalking horse agreement to buy Nortel’s patent portfolio, the last piece of the company’s one-time telecom empire. In a deal worth $900-million, Nortel will transfer its remaining 6000 patents, [...]
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Now on the Auction Block, 4K Patents

By Mark Evans | Published: May 17, 2010
One of the last assets within the Nortel portfolio finally appears to be on the block as the company is exploring the sale of its patent portfolio. According to reports, Nortel is looking at whether to sell the portfolio or transform into into a licensing entity. The decision will be based on whether Nortel can [...]
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Nortel’s Cupboards Almost Bare of Assets Now

By Mark Evans | Published: April 21, 2010
I had intended not to spend too much time on AAN with my consulting business rocking and rolling but I’ll take a hall pass with Ericsson’s plans to spend US$242-million to buy Nortel’s 50% + 1 stake in LG-Nortel Co., Nortel’s joint venture with LG Electronics – one of ex-Nortel CEO Bill Owens’ few successes. [...]
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Nortel Goes Down, Bonuses Go Up

By Mark Evans | Published: April 20, 2010
Do you think the crew upon the Titantic would have received big bonuses if any of them had survived? After all, they did prove that it was possible to sink the unsinkable, and some people did manage to live. Well, Nortel seems to be intent on rewarding its senior executives for taking the S.S. Nortel [...]
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Bankruptcy Protection Ad Nauseum

By Mark Evans | Published: April 17, 2010
Who knew it could take so long to completely dismantle a company. Even though Nortel has been in bankruptcy protection since January, 2009, it has requested and received approval to extend its protection until July 22. Even though Nortel has raised more than $3-billion from selling assets, it still has $4.5-billion of long-term debt, as [...]
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Nortel Sells U.K. Wireless Unit

By Mark Evans | Published: April 1, 2010
Nortel has sold a wireless unit in Harlow, England to Wireless Technology Laboratories Ltd., a subsidiary of Ace Technologies Corporation. Nortel acquired the Harlow laboratories, originally Standard Telecommunications Laboratories, in 1991 and used the site for R&D. It was the site of Charles Kao’s research in fibre optic communications. Kao was awarded the Nobel Prize [...]
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