Editing Nortel (section)

==== Wind-up ====
With the worsening recession and stock market decline deterring potential companies from bidding for Nortel's assets, and many of Nortel's major customers reconsidering their relationships with the restructuring company,<ref>{{cite news|url=https://nationalpost.com/related/links/story.html?id=2197179 |title=NP Story |work=National Post |access-date=August 14, 2010}}{{dead link|date=May 2012}}</ref> in June Nortel announced that it no longer planned to emerge from bankruptcy protection, and would seek buyers for all of its business units.<ref name="19JUN2009-PR">{{cite press release
 |title       = Nortel To Sell CDMA Business and LTE Assets; Company Advancing in Its Discussions With External Parties To Sell Other Businesses
 |publisher   = Nortel Networks
 |date        = June 19, 2009
 |url         = http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100257883&locale=en-US
 |access-date  = June 19, 2009
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20091224073239/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100257883&locale=en-US
 |archive-date = December 24, 2009
}}</ref> After announcing it planned to sell off all of its assets, Nortel shares were delisted from the Toronto Stock Exchange on June 26, 2009 at a price of $0.185 per share, down from its high in 2000 when it comprised a third of the S&P/TSX composite index.<ref name="19JUN2009-PR"/><ref name="22JUN2009">{{cite news
 | title = It's official: Nortel shares are worthless
 | work = The Globe and Mail
 | date = June 22, 2009
 | url = https://www.theglobeandmail.com/report-on-business/streetwise/its-official-nortel-shares-are-worthless/article786961/
 | access-date = November 22, 2012
 | location = Toronto
 | archive-date = December 18, 2013
 | archive-url = https://web.archive.org/web/20131218212530/http://www.theglobeandmail.com/report-on-business/streetwise/its-official-nortel-shares-are-worthless/article786961/
 | url-status = live
 }}</ref><ref name="FP-Delisting">{{cite news |last1=Tedesco |first1=Theresa |first2=Jamie |last2=Sturgeon |title=Nortel: Cautionary tale of a former Canadian titan |work=Canada.com |publisher=Canwest Publishing |date=June 27, 2009 |url=http://www.canada.com/business/fp/NORTEL+Cautionary+tale+former+Canadian+titan/1739799/story.html |access-date=July 25, 2009 |url-status=dead |archive-url=https://web.archive.org/web/20121107054212/http://www.canada.com/business/fp/NORTEL%2BCautionary%2Btale%2Bformer%2BCanadian%2Btitan/1739799/story.html |archive-date=November 7, 2012 }}
</ref> Mike Zafirovski subsequently resigned in August, and Nortel's board of directors was reorganized with three members instead of nine.<ref name="PRNortel-2009Aug-restructure">{{cite press release
 | title = Nortel Announces Board of Directors, Management Team and Organizational Changes
 | publisher = Nortel Networks Corporation
 | date = August 10, 2009
 | url = http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100260088&locale=en-US
 | access-date = August 10, 2009
 | url-status = dead
 | archive-url = https://web.archive.org/web/20091224073428/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100260088&locale=en-US
 | archive-date = December 24, 2009
 }}</ref> Nortel handed out $14.2 million in cash compensation to seven executives in 2009. Nortel also paid out $1.4 million to 10 former and current directors, and paid $140 million to lawyers, pension, human resources and financial experts helping to oversee the company's bankruptcy proceedings.<ref name="phoneplusmag.com">{{cite news |url=http://www.phoneplusmag.com/hotnews/nortel-paid-mike-zafirovski-2-3m-resigned.html |title=Bankrupt Telecom Company Doled Out $8.6M in Bonuses Last Year |work=Phone Plus Magazine |date=March 19, 2010 |access-date=March 12, 2011 |archive-url=https://web.archive.org/web/20100326134422/http://www.phoneplusmag.com/hotnews/nortel-paid-mike-zafirovski-2-3m-resigned.html |archive-date=March 26, 2010 |url-status=dead }}</ref>

[[Nokia Siemens Networks]] made a [[Stalking horse offer|stalking horse bid]] to purchase Nortel's [[Code division multiple access|CDMA]] and [[3GPP Long Term Evolution|LTE]] assets for $650 million.<ref name="19JUN2009-PR"/> By the July 21 deadline for additional bids, [[MatlinPatterson]] and [[Ericsson]] had made offers,<ref name="CDMABidders">{{cite news
 |last         = Bagnall
 |first        = James
 |title        = Moment of truth for Nortel's wireless unit
 |work         = Ottawa Citizen
 |date         = July 24, 2009
 |url          = http://www.canada.com/technology/Moment+truth+Nortel+wireless+unit/1822699/story.html
 |access-date   = July 25, 2009
 |archive-url  = https://web.archive.org/web/20090828171859/http://www.canada.com/technology/Moment+truth+Nortel+wireless+unit/1822699/story.html
 |archive-date = August 28, 2009
 |url-status     = dead
}}</ref> and Ericsson emerged as the victor in the following auction, with a purchase price of $1.13 billion.<ref name="PR-CDMASale">{{cite press release
 |title       = Nortel Selects Ericsson as Successful Bidder For CDMA Business and LTE Access Assets
 |publisher   = Nortel Networks
 |date        = July 25, 2009
 |url         = http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100259793&locale=en-US
 |access-date  = July 25, 2009
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20091224073253/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100259793&locale=en-US
 |archive-date = December 24, 2009
}}</ref><ref name="OttawaCitizen-CDMASale">{{cite news|last=Bagnall |first=James |title=Ericsson prevails in fight for Nortel's wireless business with $1.13B bid |work=Ottawa Citizen |date=July 25, 2009 |url=https://ottawacitizen.com/business/Ericsson+wins+Nortel+wireless+business+with/1828785/story.html |access-date=July 25, 2009 }}{{dead link|date=May 2016|bot=medic}}{{cbignore|bot=medic}}</ref> [[Avaya]] won an auction for Nortel's Enterprise Solutions business, including Nortel's stake in Nortel Government Solutions and [[DiamondWare]], for $900 million,<ref name="PR-EnterpriseSale">{{cite press release
 |title       = Nortel selects Avaya as successful bidder for Enterprise Solutions Business.
 |publisher   = Nortel Networks Corporation
 |date        = September 14, 2009
 |url         = http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100261422&locale=en-US
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20121107010953/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100261422&locale=en-US
 |archive-date = November 7, 2012
}}</ref> after having placed a stalking horse bid of $475 million.<ref name="PR-EnterpriseBid">{{cite press release
 |title       = Nortel To Sell Enterprise Solutions Business
 |publisher   = Nortel Networks Corporation
 |date        = July 20, 2009
 |url         = http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100259133&locale=en-US
 |access-date  = July 21, 2009
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20091224073412/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100259133&locale=en-US
 |archive-date = December 24, 2009
}}</ref> In November, Nortel sold its MEN (Metro Ethernet Networks) unit to [[Ciena Corporation]] for US$530 million in cash and US$239 million in convertible notes,<ref name="PR-MENSale">{{cite press release
 |title       = Nortel Selects Ciena as Successful Bidder for Optical Networking and Carrier Ethernet Businesses
 |publisher   = Nortel Networks Corporation
 |date        = November 23, 2009
 |url         = http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100263404&locale=en-US&lcid=-1
 |access-date  = December 20, 2009
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20091224193431/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100263404&locale=en-US&lcid=-1
 |archive-date = December 24, 2009
}}</ref><ref>{{Cite news
 | last = Musgrove
 | first = Mike
 | date = November 24, 2009
 | title = Ciena buys Nortel unit to expand footprint
 | newspaper = The Washington Post
 | series = WashTech
 | url = https://www.washingtonpost.com/wp-dyn/content/article/2009/11/23/AR2009112303889.html?wpisrc=newsletter&wpisrc=newsletter&wpisrc=newsletter
 | archive-url = https://web.archive.org/web/20121109090038/http://www.washingtonpost.com/wp-dyn/content/article/2009/11/23/AR2009112303889.html?wpisrc=newsletter&wpisrc=newsletter&wpisrc=newsletter
 | archive-date = November 9, 2012
 | access-date = November 24, 2009
 | quote = ''subtitle'': $769 million deal to triple Maryland tech firm's market share
 | url-status = dead
 }}</ref> and its [[GSM]] business at auction to [[Ericsson]] and [[Kapsch]] for US$103 million.<ref name="PR-GSMSale">{{cite press release
 |title       = Nortel Selects Ericsson and Kapsch as Successful Bidders for GSM/GSM-R Business
 |publisher   = Nortel Networks Corporation
 |date        = November 25, 2009
 |url         = http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100263526
 |access-date  = December 20, 2009
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20110714195328/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100263526
 |archive-date = July 14, 2011
}}</ref><ref name="PR-GSMAuction">{{cite press release
 |title       = Nortel Announces Plans to Sell its GSM/GSM-R Business
 |publisher   = Nortel Networks Corporation
 |date        = September 30, 2009
 |url         = http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100262122&locale=en-US
 |access-date  = October 1, 2009
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20110714195252/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100262122&locale=en-US
 |archive-date = July 14, 2011
}}</ref><ref>{{cite news |url=http://business2press.com/2009/10/01/nortel-to-sell-gsm-business-assets/ |title=Nortel to sell Entire GSM Business |work=Business2press |access-date=March 12, 2011 |archive-url=https://web.archive.org/web/20110518190305/http://business2press.com/2009/10/01/nortel-to-sell-gsm-business-assets/ |archive-date=May 18, 2011 |url-status=dead}}</ref><ref name="PR-GSMAuctionDelayed">{{cite press release
 |title       = Nortel Provides Update on Auction Date for the Sale of its GSM/GSM-R Business; Obtains Further Extension of Stay Period Under CCAA; and Obtains Canadian and U.S. Court Approval for Sale of Packet Core Assets
 |publisher   = Nortel Networks Corporation
 |date        = October 28, 2009
 |url         = http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100262713&locale=en-US
 |access-date  = November 14, 2009
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20091224073510/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100262713&locale=en-US
 |archive-date = December 24, 2009
}}</ref> [[Hitachi]] purchased the Next Generation Packet Core assets.<ref>{{cite web |url=http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100263758&locale=en-US&lcid=-1 |title=Nortel Completes Sale of Assets of Next Generation Packet Core Network Components to Hitachi |publisher=Nortel Networks Corporation |date=August 10, 2009 |access-date=March 12, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110714195404/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100263758&locale=en-US&lcid=-1 |archive-date=July 14, 2011 }}</ref> As insurance against judgments in class action lawsuits filed by former employees, John Roth filed in December 2009 for a US$1 billion indemnification from Nortel, joining the list of U.S. creditors.<ref name="2009-John-Roth">{{cite news
 | title = John Roth seeks $1B protection from lawsuits
 | work = CBC News
 | publisher = Canadian Broadcast Corporation
 | date = December 17, 2009
 | url = https://www.cbc.ca/news/canada/ottawa/former-nortel-exec-seeks-1b-protection-from-lawsuits-1.851553
 | access-date = July 3, 2011
 | archive-date = June 26, 2012
 | archive-url = https://web.archive.org/web/20120626215833/http://www.cbc.ca/news/canada/ottawa/story/2009/12/17/nortel-john-roth-lawsuits.html
 | url-status = live
 }}</ref>

In February 2010, [[Ernst & Young]], the court-appointed monitor of Nortel's Canadian bankruptcy proceedings, reported that the assets of Nortel's [[Health and Welfare Trust]] had a shortfall of $37 million in its net assets as of December 31, 2008. The trust supports pensioners' medical, dental and life insurance benefits, as well as income support for some groups such as long-term disability recipients.<ref name="OttawaCitizen-HWT">{{cite news |last=Hill |first=Bert |title=Nortel leaves $37M health-fund gap |work=Ottawa Citizen |date=February 23, 2010 |url=https://ottawacitizen.com/life/Nortel+leaves+health+fund/2600350/story.html |access-date=January 3, 2010 |url-status=dead |archive-url=https://web.archive.org/web/20100308055344/http://www.ottawacitizen.com/life/Nortel%2Bleaves%2Bhealth%2Bfund/2600350/story.html |archive-date=March 8, 2010 }}</ref> Also in February, Nortel negotiated a $57 million deal to wind up the health care and other benefits provided to former Canadian employees. Shortly afterwards, Nortel proposed spending $92.3 million on retention bonuses for 1,475 employees in its Nortel Business Services and Corporate groups, with $2.5 million in incentives going to Christopher Ricaute, president of Nortel Business Services; $27 million allocated for Canadian employees; and $55 million allocated for U.S. employees.<ref name="Citizen2010FebRetention">{{Cite news
 | last = Hill
 | first = Bert
 | title = Nortel allots $92.3M for top staff; Retention bonuses 'standard procedure' for key workers in bankruptcy proceedings
 | newspaper = Ottawa Citizen
 | page = F.1
 | date = February 12, 2010 }}</ref> The proposed plan was later extended by an additional $27 million.<ref name="Citizen2010FebRetentionExtension">{{Cite news
 | last = Hill
 | first = Bert
 | title = Retention plan gives Nortel added flexibility
 | newspaper = Ottawa Citizen
 | page = C.1
 | date = February 24, 2010 }}</ref> Claiming that the retention bonuses proposal was extraordinary, acting US trustee Roberta DeAngelis objected to the payment of $55.6 million to 866 employees.<ref name="businessweek.com">{{cite news |url=http://www.businessweek.com/news/2010-03-02/nortel-s-proposed-incentive-payments-opposed-by-u-s-trustee.html |title=Nortel's Proposed Incentive Payments Opposed by U.S. Trustee |work=Business Week |date=March 3, 2010 |access-date=March 12, 2011 |archive-date=April 9, 2010 |archive-url=https://web.archive.org/web/20100409031428/http://www.businessweek.com/news/2010-03-02/nortel-s-proposed-incentive-payments-opposed-by-u-s-trustee.html |url-status=dead }}</ref> However, court-appointed representatives for Nortel's former employees, who are creditors in the Ontario bankruptcy court, have [[Nortel Retirees and former employees Protection Canada#February 8, 2010, agreement reached with Nortel on behalf of all former employees|signed an agreement]] to not oppose any employee incentive program.

[[GENBAND]] purchased the Carrier VoIP and Application Solutions (CVAS) unit in May 2010, as Nortel accepted its stalking horse bid of $282 million, with adjustments that decreased the net sale price to about $100 million, without a formal bidding process.<ref name="PR-GenbandPurchase">{{Cite press release
 |title       = Nortel Completes Sale of Carrier VoIP and Application Solutions Business to GENBAND
 |publisher   = Nortel Networks Corporation
 |date        = May 28, 2010
 |url         = http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100267654&locale=en-US&lcid=-1
 |access-date  = October 20, 2010
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20110714195455/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100267654&locale=en-US&lcid=-1
 |archive-date = July 14, 2011
}}</ref><ref name="PR-CVAS-bid">{{cite press release
 |title       = Nortel to Sell Carrier VoIP and Application Solutions Business
 |publisher   = Nortel Networks Corporation
 |date        = December 23, 2009
 |url         = http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100264793&locale=en-US
 |access-date  = January 5, 2010
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20100106064119/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100264793&locale=en-US
 |archive-date = January 6, 2010
}}</ref><ref name="CVAS-bid-Genband">{{cite web
 | last = Le Maistre
 | first = Ray
 | title = Genband Bids $282M for Nortel's VoIP Unit
 | publisher = Light Reading
 | date = December 23, 2009
 | url = http://www.lightreading.com/document.asp?doc_id=186124
 | access-date = January 5, 2010
 | archive-url = https://web.archive.org/web/20100110195254/http://www.lightreading.com/document.asp?doc_id=186124
 | archive-date = January 10, 2010
 | url-status = dead
 }}</ref> Ericsson purchased Nortel's share in its joint venture with LG Electronics for US$242 million, forming [[LG-Ericsson]], in June 2010.<ref name="PR-LGPurchase">{{Cite press release
 | title = Acquisition of Nortel's stake of LG-Nortel completed
 | publisher = Ericsson
 | date = June 30, 2010
 | url = http://www.ericsson.com/news/1428285
 | access-date = October 20, 2010
 | archive-url = https://web.archive.org/web/20101025030407/http://www.ericsson.com/news/1428285
 | archive-date = October 25, 2010
 | url-status = dead
 }}</ref><ref name="PR-LGSale">{{Cite press release
 |title       = Nortel Completes Sale of Shares in LG-Nortel to Ericsson
 |publisher   = Nortel Networks Corporation
 |date        = June 29, 2010
 |url         = http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100268778&locale=en-US
 |access-date  = October 20, 2010
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20110714195608/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100268778&locale=en-US
 |archive-date = July 14, 2011
}}</ref> Ericsson also purchased Nortel's final operating unit, the Multi-Service Switch division, in September 2010 for US$65 million.<ref name="PR-MSSPurchase">{{Cite press release
 | title = Acquisition of Nortel's Multi-Service Switch business
 | publisher = Ericsson
 | date = September 25, 2010
 | url = http://www.ericsson.com/news/1446864
 | access-date = October 20, 2010
 | archive-url = https://web.archive.org/web/20100928091813/http://www.ericsson.com/news/1446864
 | archive-date = September 28, 2010
 | url-status = dead
 }}</ref><ref name="PR-MSSSale">{{Cite press release
 |title       = Nortel Announces Ericsson as Successful Acquirer of Its Multi Service Switch Business
 |publisher   = Nortel Networks Corporation
 |date        = September 25, 2010
 |url         = http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100269667&locale=en-US
 |access-date  = October 20, 2010
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20110714195617/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100269667&locale=en-US
 |archive-date = July 14, 2011
}}</ref><ref name="MSS-Sale-Citizen">{{cite news
 |last         = Hill
 |first        = Bert
 |title        = Ericsson beats Ottawa bidders for last big Nortel division
 |work         = Ottawa Citizen
 |date         = September 26, 2010
 |url          = https://ottawacitizen.com/Ericsson+beats+Ottawa+bidders+last+Nortel+division/3582155/story.html
 |access-date  = October 20, 2010
 |archive-url  = https://web.archive.org/web/20100930150528/http://www.ottawacitizen.com/Ericsson+beats+Ottawa+bidders+last+Nortel+division/3582155/story.html
 |archive-date = September 30, 2010
 |url-status   = dead
 }}</ref> Nortel's [[Carling Campus|Ottawa campus on Carling Avenue]] was purchased by [[Public Works and Government Services Canada]] (PWGSC) in October 2010 for a cash purchase price of CDN$208 million,<ref>{{Cite press release
 |title       = Nortel To Sell Ottawa Carling Campus To Public Works and Government Services Canada
 |publisher   = Nortel Networks Corporation
 |date        = October 19, 2010
 |url         = http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100269828&locale=en-US
 |access-date  = December 31, 2010
 |url-status     = dead
 |archive-url  = https://web.archive.org/web/20110714195650/http://www2.nortel.com/go/news_detail.jsp?cat_id=-8055&oid=100269828&locale=en-US
 |archive-date = July 14, 2011
}}</ref> to serve as the new home of Canada's [[National Defence Headquarters (Canada)|National Defence Headquarters]].<ref>{{cite news
 | url = http://www.cbc.ca/news/canada/ottawa/dnd-nortel-campus-january-2017-photos-1.3899871
 | title = DND employees to begin moving into former Nortel campus in January
 | publisher = [[CBC News]]
 | date = December 17, 2016
 | access-date = December 17, 2016
 | archive-date = December 17, 2016
 | archive-url = https://web.archive.org/web/20161217183719/http://www.cbc.ca/news/canada/ottawa/dnd-nortel-campus-january-2017-photos-1.3899871
 | url-status = live
 }}</ref>

Nortel's 53.13% stake in Turkish company Nortel Netaş was acquired by [[One Equity Partners]] (OEP) and Rhea Investments for $68 million in December 2010.<ref>{{cite web |url=http://www.privateequityconnect.com/NewsContent.aspx?iid=56807 |title=One Equity continues pursuit of liquidated Nortel assets |publisher=privateequityconnect.com |access-date=April 21, 2011 |archive-url=https://web.archive.org/web/20131106010658/http://www.privateequityconnect.com/NewsContent.aspx?iid=56807 |archive-date=November 6, 2013 |url-status=dead}}</ref><ref>{{cite press release |url=http://www.legal500.com/firms/14006-paksoy/press_releases/12513 |title=Nortel Networks (Netas) Acquisition by OEP |publisher=Paksoy |access-date=April 21, 2011 |archive-url=https://web.archive.org/web/20121107011038/http://www.legal500.com/firms/14006-paksoy/press_releases/12513 |archive-date=November 7, 2012 |url-status=dead }}</ref>

The last major asset of Nortel, approximately 6,000 patents and patent applications encompassing technologies such as wireless, wireless 4G, data networking, optical, voice, Internet, and semiconductors, was sold for $4.5 billion to a consortium including [[Apple Inc.|Apple]], EMC, Ericsson, [[Microsoft]], [[BlackBerry Limited]], and [[Sony]], pending American and Canadian court approval.<ref name="CNET-PatentSale">{{Cite news
 | last = Musil
 | first = Steven
 | title = Apple, RIM in group buying Nortel patents for $4.5B
 | work = CNET
 | publisher = CBS Interactive
 | date = June 30, 2011
 | url = http://news.cnet.com/8301-1001_3-20075977-92/apple-rim-in-group-buying-nortel-patents-for-$4.5b/?part=rss&subj=news&tag=2547-1_3-0-20
 | access-date = October 7, 2011
 | archive-date = February 21, 2021
 | archive-url = https://web.archive.org/web/20210221015529/https://www.cnet.com/news/apple-rim-in-group-buying-nortel-patents-for-4-5b/
 | url-status = live
 }}</ref><ref name="Google-PatentSale">{{cite news | url=https://www.google.com/hostednews/ap/article/ALeqM5hy96xdAe1B7P0qvWlFBC-C7hwzvg?docId=03166dd1084a4fb8a9c099a14cc6c346 | agency=Associated Press | title=Nortel sells patents to consortium for $4.5B | date=July 1, 2011 | access-date=November 11, 2016 | archive-date=July 4, 2011 | archive-url=https://web.archive.org/web/20110704010044/http://www.google.com/hostednews/ap/article/ALeqM5hy96xdAe1B7P0qvWlFBC-C7hwzvg?docId=03166dd1084a4fb8a9c099a14cc6c346 | url-status=dead }}</ref> (Google had placed the initial stalking horse bid of $900 million<ref name="GlobeAndMail-PatentBid">{{cite news | url=https://www.theglobeandmail.com/report-on-business/google-bids-900-million-for-nortel-patents/article1969788/ | location=Toronto | work=The Globe and Mail | first=Iain | last=Marlow | title=Bid for Nortel patents marks Google's new push into mobile world | date=April 4, 2011 | url-status=dead | archive-url=https://web.archive.org/web/20110407100606/http://www.theglobeandmail.com/report-on-business/google-bids-900-million-for-nortel-patents/article1969788/ | archive-date=April 7, 2011 }}</ref> and later upped the bid to $1,902,160,540, then $2,614,972,128, and eventually $3.14159 billion, which are references to [[Brun's constant]], [[Meissel–Mertens constant]], and [[pi]].)<ref name="Google-PatentBid">{{cite news | url=https://www.reuters.com/article/us-dealtalk-nortel-google-idUSTRE76104L20110702 | title=Dealtalk: Google bid "pi" for Nortel patents and lost | work=Reuters | date=July 1, 2011 | access-date=July 2, 2011 | author=Damouni, Nadia | archive-date=July 3, 2011 | archive-url=https://web.archive.org/web/20110703071724/http://www.reuters.com/article/2011/07/02/us-dealtalk-nortel-google-idUSTRE76104L20110702 | url-status=live }}</ref> Bankruptcy filings state that Nortel owed former Canadian engineers $285,000 for patent awards that were not paid.<ref name="Citizen-PatentAwardsOutstanding">{{cite news|last=Hill |first=Bert |title=In patent wars, the casualty is progress |work=Ottawa Citizen |date=October 5, 2011 |url=https://ottawacitizen.com/touch/story.html?id=5502955 |access-date=October 20, 2011 }}{{dead link|date=May 2016|bot=medic}}{{cbignore|bot=medic}}</ref>{{Citation needed|date=March 2012}}

In October 2011, the administrators of Nortel's British subsidiary lost their appeal to overturn a court order requiring them to pay £2.1 billion into Nortel's underfunded pension plan.<ref name="Citizen-PensionPlanUKAppeal">{{cite news |last=Chellel |first=Kit |title=Lehman, Nortel lose $3.5B pension appeal |work=Ottawa Citizen |date=October 15, 2011 |url=https://ottawacitizen.com/business/Lehman+Nortel+lose+pension+appeal/5554405/story.html |access-date=October 20, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20120207202542/http://www.ottawacitizen.com/business/Lehman%2BNortel%2Blose%2Bpension%2Bappeal/5554405/story.html |archive-date=February 7, 2012 }}</ref>{{Citation needed|date=March 2012}} Nortel's U.S. retirement income plan is now managed by the [[Pension Benefit Guaranty Corporation]].<ref>{{cite web |url=http://www.pbgc.gov/wr/trusteed/plans/plan-21391900.html |title=Nortel Networks, a PBGC trusteed pension plan |publisher=Pension Benefit Guaranty Corporation: A US Government Agency |access-date=July 18, 2014 |archive-url=https://web.archive.org/web/20140704051624/http://www.pbgc.gov/wr/trusteed/plans/plan-21391900.html |archive-date=July 4, 2014 |url-status=dead }}</ref>

In January 2014, a pact between the U.S. and European divisions of Nortel was approved by a U.S. court.<ref name = U.S.>{{cite news
| last = Brickley
| first = Peg
| title = U.S. Court Approves Claims Settlement Between Nortel's U.S., European Units
| work = Wall Street Journal
| date = January 7, 2014
| url = https://online.wsj.com/news/articles/SB10001424052702303933104579306633855379004
| access-date = February 24, 2014
| archive-date = February 26, 2014
| archive-url = https://web.archive.org/web/20140226173643/http://online.wsj.com/news/articles/SB10001424052702303933104579306633855379004
| url-status = live
}}</ref> However, litigation continued. In April 2016, Nortel went back to court for a fresh round of legal arguments.<ref>{{Cite news |url=https://www.bloomberg.com/news/articles/2016-04-05/nortel-bankruptcy-fight-resumes-with-2-billion-spent-on-fees |title=Nortel Bankruptcy Fight Resumes with $2 Billion Spent on Fees |newspaper=Bloomberg.com |date=April 5, 2016 |access-date=March 10, 2017 |archive-date=October 9, 2016 |archive-url=https://web.archive.org/web/20161009024101/http://www.bloomberg.com/news/articles/2016-04-05/nortel-bankruptcy-fight-resumes-with-2-billion-spent-on-fees |url-status=live }}</ref> Courts in the U.S. and Canada approved a negotiated settlement among competing creditors in January 2017.<ref>{{cite news |url=https://www.reuters.com/article/us-nortelnetworks-bankruptcy-idUSKBN1582TO |title=Nortel cleared to end bankruptcy, distribute $7 billion to creditors |work=[[Reuters]] |date=January 24, 2017 |access-date=August 30, 2017 |archive-date=August 31, 2017 |archive-url=https://web.archive.org/web/20170831083040/http://www.reuters.com/article/us-nortelnetworks-bankruptcy-idUSKBN1582TO |url-status=live }}</ref>