Nortel Networks Inc. is the principal U.S. operating subsidiary of Nortel Networks Corporation (OTCBB: NRTLQ), a Toronto, Ontario-based global telecommunications equipment and technology company with major U.S. operations in Richardson, Texas. The company delivered next-generation networking technologies — including carrier and enterprise networks, wireless infrastructure, metro Ethernet, and VoIP — to customers in more than 150 countries. Nortel employed approximately 30,000 people worldwide and reported consolidated assets of $11.6 billion as of September 30, 2008.