Nortel Commences Comprehensive Business and Financial Restructuring JANUARY 14, 2009 * Company to Utilize CCAA and Chapter 11 Processes * Operations Expected to Continue Without Interruption * Sufficient Cash on Hand to Fund Ongoing Operations * Affiliates in Asia, including LG Nortel, and in the Caribbean and Latin America, and Nortel Government Solutions (NGS) to Continue in Ordinary Course of Business and Are Not Subject to These Proceedings Nortel Business and Financial Restructuring TORONTO - Nortel…
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