Tag Archives: Canada

Why Did Nortel File for Bankruptcy Protection?

By Mark Evans | Published: January 4, 2010
With the one year anniversary of Nortel’s bankruptcy filing happening in a couple of weeks, something I’ve been wondering about recently is why Nortel bothered filing for bankruptcy protection in the first place. At this time last year, Nortel had about $2.5-billion of cash and some assets that could have brought in some much-needed financial [...]
Posted in Financials | Also tagged , , | 46 Comments

Dear Mr. Flaherty and Mr. Clement

By Mark Evans | Published: December 21, 2009
A letter from the Nortel Retirees and former Employees Protection Canada to Minister of Finance Jim Flaherty and Industry Canada Minster Tony Clement: A Christmas Tale – December 2009 Gentle Ministers Clement and Flaherty, Christmas is a kind time, of ethical deeds, reconfirming our values and righting the wrongs inadvertently committed. This Christmas, Dear Ministers, take the [...]
Posted in Financials | Also tagged , , | 13 Comments

Quebec Moves to Save Pensions

By Mark Evans | Published: October 26, 2009
At a time when the Canadian government is still trying to decide what to do, the Quebec government said today it will attempt to save the pension of 3,750 Nortel employees in the province if their pensions are terminated while Nortel is under bankruptcy protection. Regie des rentes du Quebec could take control of the pension [...]
Posted in Financials | Also tagged , , , | 15 Comments

Avaya Deal to be Reviewed

By Mark Evans | Published: September 24, 2009
It looks the federal government has been listening to the growing number of critics who have been chirping away about how foreign buyers are picking up Nortel’s assets with little opposition from Ottawa. It may explain why the federal government has decided to review Avaya’s $915-million purchase of Nortel Networks Corp’s enterprise business – a [...]
Posted in Financials, M&A | Also tagged , , , , | 47 Comments

Nortel Didn’t Need More Protection from Foreigners

By Mark Evans | Published: September 21, 2009
It’s really interesting to see the growing amount of political huffing and puffing surrounding the demise of Nortel. The closer Nortel gets to extinction, the more enthusiastic that politicians get about proclaiming about how things could have been different if only better decisions had been made. The latest example is federal Liberal leader Michael Ignatieff, who [...]
Posted in M&A | Also tagged , , , , | 21 Comments

Ottawa Didn’t Kill Nortel; Nortel Killed Nortel

By Mark Evans | Published: September 19, 2009
The Toronto Star published a silly editorial yesterday suggesting the federal government’s unwillingness to block Nortel’s sale of its CDMA business to Ericsson is playing a key part in letting “Nortel slip from our grasp”. The editorial declared the decision shows that: “…Clement and the federal government washed their hands of the sale to foreign interests [...]
Posted in Financials | Also tagged , , , | 52 Comments
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