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Nortel files for bankruptcy
- canada: Thursday, January 15 - 2009 at 13:26
Nortel, North America's biggest maker of telecoms equipment, has filed for bankruptcy protection after suffering more than $7bn in losses over four years. The Toronto-based company sought court protection from its creditors in Canada, the US and Europe, leaving the future of its 30,000 employees in doubt.
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Jeff Florian, Senior ReporterThursday, January 15 - 2009 at 13:26 UAE local time (GMT+4)
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