Thursday, July 16, 2009

Nortel Networks: The contract to supply the 2012 London Olympics has been cancelled

[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

No comments: