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Nortel Networks Corporation Message Board

  • silver_legacy_lll silver_legacy_lll May 1, 2013 8:28 AM Flag

    read about Nortel's future liquidity

    BUENOS AIRES, Argentina, April 30, 2013 /PRNewswire/ -- Nortel Inversora S.A. (NYSE: NTL), whose sole substantial activity is owning 54.741682% of the stock of Telecom Argentina S.A. ("Telecom") and whose sole substantial source of cash income is cash dividends and other distributions paid on such stock, today announced consolidated net income of Ps.810 million for the three month period ended March 31, 2013 of fiscal year 2013, of which Ps. 436 million correspond to Nortel as controlling shareholder.

    Relevant matters

    The Annual and Extraordinary General Stockholders' Meeting held on April 26, 2013 approved, among others matters:
    •The Annual Report and Financials Statements as of December 31, 2012
    •To create a Special Reserve resulting from the Adoption of the IFRS of AR$ 204 million and to allocate an amount of AR$1.466 million to the already existing Voluntary Reserve for the Future Distribution of Dividends, authorizing the Board of Directors to approve the timing and amounts to be deducted –and their subsequent distribution- from the Voluntary Reserve for the Future Distribution of Dividends, taking into account Nortel's future liquidity.


    BUENOS AIRES, Argentina, April 30, 2013 /PRNewswire/ -- Nortel Inversora S.A. (NYSE: NTL), whose sole substantial activity is owning 54.741682% of the stock of Telecom Argentina S.A. ("Telecom") and whose sole substantial source of cash income is cash dividends and other distributions paid on such stock, today announced consolidated net income of Ps.810 million for the three month period ended March 31, 2013 of fiscal year 2013, of which Ps. 436 million correspond to Nortel as controlling shareholder.

    Relevant matters

    The Annual and Extraordinary General Stockholders' Meeting held on April 26, 2013 approved, among others matters:
    •The Annual Report and Financials Statements as of December 31, 2012
    •To create a Special Reserve resulting from the Adoption of the IFRS of AR$ 204 million and to allocate an amount of AR$1.466 million to the already existing Voluntary Reserve for the Future Distribution of Dividends, authorizing the Board of Directors to approve the timing and amounts to be deducted –and their subsequent distribution- from the Voluntary Reserve for the Future Distribution of Dividends, taking into account Nortel's future liquidity.

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    • HAY --ME LIKES DAT GOOD
      Slowed by Appeal, Lawyers Say

      Wed, 01 May, 2013 02:45 PM PDT

      A court fight over more than $7 billion raised for bondholders and other creditors of Nortel Networks Corp. (NRTLQ) will be delayed unless a judge finds that European units of the defunct telephone maker filed a “frivolous” appeal, company lawyers said today
      looky hear

    • TRAINED SEALS ARE ACTVE AFTER FEEDING TIME HAHAHAHAHAHHHAHAHAHAHAHAHHAHA

      10:38:04 Q 0.01 -0.001 50,000
      10:37:40 Q 0.01 -0.001 37,000
      10:37:40 Q 0.011 15,200
      10:37:08 Q 0.011 10,000
      10:36:14 Q 0.011 13,917
      10:35:52 Q 0.011 29,565
      10:35:50 Q 0.011 30,438

 
NRTLQ
0.005-0.001(-13.79%)Sep 30 3:04 PMEDT

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