Nortel: Death is not the end

In 2009, Canada’s Nortel Networks Corporation, the global telecoms and data-networking powerhouse that, at its height, accounted for more than a third of the total valuation of the companies in the Toronto Stock Exchange, filed for protection from its creditors in Canada, the US and the UK. Seven years on, without a penny paid to creditors and with very few of the parties willing to speak freely about the state of play, Richard Woolley looks back on the key events over the lifespan – or deathspan – of Nortel.