Nortel facts for kids

Kids Encyclopedia Facts
Nortel Networks Corporation
Former type Public
Traded as
Industry
Fate Bankruptcy
When it was created 1895 (1895)
Montreal, Quebec, Canada
Defunct February 2, 2013
Headquarters Ottawa, Ontario, Canada
Employees
  • 18 (US, July 2012);
  • ~35 (non-US, July 2012)
Parent AT&T / Bell Canada
(1895–1956)
Bell Canada (1956–1983)
BCE Inc. (1983–2000)

Nortel is one of the oldest technology companies, founded in Montreal. The company started making phones in 1895 and the company was called Northern Electric and Manufacturing Company.

In 2009, Nortel filed for bankruptcy protection in Canada and the United States, triggering a 79% decline of its corporate stock. The bankruptcy case was the largest in Canadian history, and left pensioners, shareholders and former employees with enormous losses.

The First 100 Years

  • 1895 The company was created
  • 1900 The company started making wind-up phonographs.
  • 1913 Headquarters moved to Montreal
  • 1914 The Company merged with Imperial Cable
  • 1922 The Company started making radios
  • 1928 The company made the first talking movie sound system
  • 1953 The company started making television sets
  • 1958 The world's longest microwave system
  • 1969 Started engineering digital telephone system
  • 1972 Opened a factory in Michigan USA
  • 1975 Shipped first digital phone system
  • 1976 The company changes names to Northern Telecom
  • 1977 The company started selling digital central office telephone systems
  • 1984 The company was the first non-Japanese company to supply equipment to Nippon Telegraph and Telephone
  • 1995 The company starts engineering of a terabit switch

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Nortel Facts for Kids. Kiddle Encyclopedia.