Cable / Telecom News

Nortel’s HQ stays in Toronto

TORONTO – Nortel announced Tuesday it has selected a Toronto location for its new global headquarters. The decision confirms the company’s “commitment to remain within the financial capital of Canada and one of the top five most livable cities in the world according to the London-based Economist Intelligence Unit,” says the press release. Nortel will establish its headquarters at 195 The West Mall, an 11 storey, approximately 160,000 square foot building in the west end of the city. Nortel recently sold its Brampton HQ to Rogers Communications for $100 million."As we head into a new chapter in Nortel's history, our...