[ft] Organisers of the 2012 Olympics added to the woes of Nortel Networks when they stripped the bankrupt Canadian telecommunications equipment company of its £40m sponsorship contract with the Games yesterday.
The London 2012 organisers have named Cisco Systems, the network infrastructure supplier, in Nortel's place. Nortel had been one of eight top-tier sponsors signed for the London games, but the organisers said they had to seek an alternative supplier because of uncertainty surrounding the company's future.
Nortel stripped of 2012 contract
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