November 21, 2008

NORTEL NETWORKS: Accrues $18M at 3Q08 for Environmental Matters

COMPANIES: Nortel Networks Corp
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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…

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