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Sale Of Nortel Sparks Protests In Canada

August 18th, 2009

Nortel was once the object of hatred for causing the savings of many Canadians to plummet following an accounting scandal and the drop of stock prices. Now the company is a surprising object of nostalgia in protests against its sale to foreign investors.

Many Canadians are asking their government to review the estimated $1.13 billion sale of Nortel’s wireless infrastructure business to Ericsson.



Category: Current events
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