TITLE

Will Canada Offer Nortel a Bailout?

AUTHOR(S)
Medford, Cassimir
PUB. DATE
December 2008
SOURCE
Red Herring;12/10/2008, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the possibility for Nortel Networks to seek a bailout from the Canadian government. Nortel is one of Canada's largest publicly traded company. It has lost more than 90 percent of its market capitalization in 2001-2002 in the wake of the dark days of the telecom downturn. The company was also laid low by a subsequent financial scandal. A Nortel spokesman offers a statement regarding the speculation of a bailout.
ACCESSION #
36602788

 

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