Cable & Telecom

Losses hit $1.5B at Nortel

TORONTO – Nortel reported a second quarter loss of $1.5 billion as it continues to push through its restructuring process.The loss includes non-cash charges of $1.4 billion related to a change in accounting for its Europe, Middle East and Africa (EMEA) subsidiaries, and commencing June 1, 2010, the financial results of the EMEA subsidiaries are no longer included in Nortel's financial results, the company said Monday. It reported consolidated revenues of $145 million, excluding $93 million related to discontinued operations, for the period ended June 30, 2010.  Segment revenues from continuing operations were $237 million compared to $1.3 billion for the second quarter...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.