March 22, 2011

NORTEL NETWORKS: Accrues $9M at Dec. 31 for Environmental Issues

COMPANIES: Nortel Networks Corp
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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…

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