Thursday, August 19, 2004

Nortel Gains New Export Waiver from Canada

Nortel Networks has obtained a new waiver from Export Development Canada ("EDC"). The waiver provides up to US$750 million in support, all presently on an uncommitted basis. http://www.nortelnetworks.com

  • Export Development Canada (EDC) is a financially self-sustaining Canadian federal Crown corporation that provides trade finance and risk management services.