LG-Nortel Not Affected by Nortel’s Announcement
Today Nortel Networks issued a press release indicating that it is filing for creditor protecion in the US, Canada and Europe. As Nortel commences comprehensive business and financial restructuring affiliates in Asia, including LG Nortel, the Caribbean, Latin America and Nortel Government Solutions (NGS) will continue in the ordinary course of business and are not subject to these proceedings. For more information please refer to the letter attached: