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Plan hatched to save Nortel

Posted by Robert Janelle on Sat, May 30, 2009 12:55 PM · Filed under Ottawa, Toronto · Comments

Interesting story in the front page of today's Ottawa Citizen: A group of high tech veterants have banded together to raise money in order to buy Nortel through bankruptcy court.

Following the purchase, CEO Mike Zafirovski would be removed and the new management would seek a large government contract.

Check out the full story for more details.

 
Company:
Nortel
Website:
http://www.nortel.com
Location:
Toronto, Ontario, Canada

Hundreds of millions of people, Fortune 500 companies, and government institutions around the world trust their networks to Nortel's reliable and... [more]

 

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Robert Janelle
Robert Janelle is a freelance technology journalist living in the National Capital Region. He's spent time covering the Ottawa start-up scene as a columnist and feature writer with his work in National Capital Scan, The Ottawa Citizen, The Ottawa Sun, Kingston Whig-Standard and The Escapist. He also suffers from a mild addiction to video games.

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