Nortel Networks Corporation says that, as of March 31, 2011, the accruals on the unaudited condensed consolidated balance sheet for environmental matters were US$9 million.
Based on information available as of March 31, 2011, management believes that the existing accruals are…
Nortel Networks Corporation says that, as of Dec. 31, 2010, the accruals on the consolidated balance sheet for environmental matters were US$9 million.
The Company has remedial activities under way at five sites that are either currently or previously owned.
Nortel Networks…
Nortel Networks Corporation, as of Sept. 30, 2008, had US$18 million accrued for environmental matters, compared with US$26 million as of Dec. 31, 2007.
The Company is exposed to liabilities and compliance costs arising from its past generation, management and disposal…