Highlights
Traces its roots back to Northern Electric and Manufacturing Company, which was founded in 1895 and made telephones, gramophones, and street callboxes for police and fire departments.
Customers in 150 countries.
In 2005, entered into partnerships with companies such as Symantec, IBM, Research in Motion (RIM), China Putian, and LG Electronics to enhance its capabilities in security, mobility, and multimedia communications.
Nortel is a major provider of networking solutions leveraging packet, optical, wireless, and voice technologies—everything from switches and routers to cellular base stations to fiber optics. The company has been rocked in recent years by the revelation of accounting improprieties in 1999 and 2000. It delayed the release of its 2003, 2004, and 2005 financial numbers, ousted key executives, and paid $2.5 billion to settle legal charges that resulted.