In a move that it called a "significant milestone" in its five-year bankruptcy, Nortel Networks said it has reached a deal to cut more than $3 billion owed to former Nortel entities in Europe, including bondholders, retirees and suppliers.
An Ontario Superior Court on Monday dismissed charges of fraud against three former senior executives at telecom equipment supplier Nortel.
PAETEC (Nasdaq: PAET) is anxious to get a bigger piece of the managed services pie and to do that it is acquiring XETA Technologies, an enterprise solutions provider. Under the terms of the
Ciena Canada's (Nasdaq: CIEN) expanding presence in the Ottawa region should serve as a boost to a region that's been financially hit hard by the downfall of Nortel. To show their appreciation for
Ericsson (Nasdaq: ERIC) took another step forward in its $65 million move to purchase Nortel's multi-service switch unit as a bankruptcy court late last week gave his approval of the deal. Judge
Tellabs (NasdaqGS: TLAB) says that its relationship as a key supplier to AT&T (NYSE: T) is alive and well despite a report this week that the vendor could be replaced by Cisco (NasdaqGS: CSCO).
Ciena (NASDAQ: CIEN) appears to be reaping the benefits of new service provider spending as the economic freeze starts to thaw out in Q2. And while Ciena's stock had been down due to challenging
Nortel may soon be nothing more than a telecom story gone wrong, but Dr. Chenhong Huang, the former President of Nortel China's sales, has found a new home as the vice president for Tellabs China. In
While it would appear that Nortel's restructuring saga is over, a Canadian federal court is giving the troubled company another extension to pay off its debts. The troubled company, which filed for
Verizon has been one of the loudest proponents of 100 Gbps long-haul networking and it appears that the telco could reveal a second deployment at this week's OFC/NFOEC as part of a post-deadline