NL Update
News | 07/23/2001 4:00 am EDT
Nortel announces record loss for Q2
Once the darling of the Canadian telecom market, Nortel Networks Corp has come crashing down to earth. The company reported the largest quarterly loss in Canadian history – US$19.4 billion in the second quarter of 2001. The Standard & Poor’s Corp has lowered the firm’s credit rating from single-A to tripple-B. More details.
This content is available to wirereport.ca subscribers
Already a subscriber? Sign in here
Unlock all the Canadian telecom, broadcasting and digital media news you need.
Take a free trial or subscribe to The Wire Report now.
FREE TRIAL
Two weeks free access to thewirereport.ca and our exlusive newsletters.
SUBSCRIBE
Unlimited access to thewirereport.ca and our exlusive newsletters.