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Tag Archives: ottawa
Nortel Sells Real Estate in Ottawa
Nortel has sold 173 acres of real estate in suburban Ottawa for $8.85-million to an undisclosed purchase (aka 561121 ONTARO INC.) – land purchased during the telecom boom but never developed. In the most recent Monitor’s Report, Nortel and its real estate adviser, DTZ, said the purchase price is “reasonable given current market conditions and [...]
Nortel Quote of the Day
“Nobody is safe, unless you are working in [Parliament Hill], I guess,” “We worked all our lives for this and it’s just been pulled out from underneath us.” - Bob Dowson, 68, who retired from Nortel’s Brampton office after 32 years, during a rally yesterday by Nortel employees and pensions in front of Parliament Hill [...]
Avaya Deal to be Reviewed
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 [...]
Ottawa Didn’t Kill Nortel; Nortel Killed Nortel
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 [...]
Ottawa Gives A-O-K to Ericsson Deal
Like AAN has been saying all along, the Canadian government has given its approval to Ericsson’s $1.3 billion purchase of Nortel’s CDMA business and its LTE R&D unit. “There are no grounds to believe this transaction could be injurious to Canada’s national security,” Industry Canada Minister Tony Clement said. “[Ericsson] has the resources and customer [...]
Now Ottawa to Review Nortel Sales?