Nortel settles fight to divvy up $7.3 bln from liquidation: Reuters
Former telecommunications equipment company Nortel Networks Ltd reached an agreement with their various business units on Wednesday to divvy up the US$7.3 billion raised from liquidating the failed company, paving the way for pensioners and creditors to get paid after a seven-year wait, Reuters reported. The Ottawa-based company stumbled from ranking among the world's most valuable companies during the 1990s Internet bubble to bankruptcy in 2009 and liquidation.
13 October 2016•3 mins read
