Not surprisingly, Nortel Retirees and Former Employees Protection Canada is disappointed with an Ontario judge’s decision to approve a settlement agreement between Nortel and representatives of its retirees, terminated and long-term disabled employees that would have provided retirees and people on long-term disability with “significant concession”, including a “stay [...] Continue Reading…
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A controversial $57-million deal struck last month between Nortel and employees on long-term disability has been tossed out by an Ontario Superior Court of Justice judge because it is “flawed” and unfair to other Nortel creditors.
Judge Geoffrey Morawetz rejected the deal, which would have extended health and long-term disability [...] Continue Reading…
Bo Gowan, who wrote Nortel Buzzboard blog, has launched himself back into the blogosphere with a new blog for Ciena called “Ciena Insights”. Editors’ Note: Bo, is that the best they could do? 
According to Bo’s first post, Ciena has a few goals for the blog. “We have a [...] Continue Reading…
With the sale of Nortel’s optical networking and carrier Ethernet business to Ciena completed on Friday, Pavi Binning has decided the time is right to resign as Nortel’s chief restructuring officer and chief financial officer.
To be honest, there’s really not much left to restructure given the only major assets [...] Continue Reading…
During Mike Zafirovski’s reign as Nortel’s president and chief executive, I never got the opportunity to interview him. Not that it was terribly surprising given Nortel’s struggles and the fact AAN was probably a thorn in his side but it wasn’t for a lack of trying or requests.
Given the [...] Continue Reading…
Nortel Sells U.K. Wireless Unit
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. [...] Continue Reading…