The story begins in Brantford, Ontario in 1874, when Alexander Graham Bell invented the telephone. A dozen years later, the Bell Telephone Company began manufacturing phone equipment in Montreal. That manufacturing arm of the company eventually became Nortel Networks.
Nortel Engaged in Cutting-edge Research
At its peak in 2000, wrote Andrew Wahl in Canadian Business Magazine (March 2009) “Nortel was the world’s largest supplier of telecom equipment, earning revenues of U.S.$30 billion and employing 94,500 people worldwide- 25,900 people in Canada, 12,600 of whom were in research and development.”
The company was spending around $2 billion a year on research and was producing the world’s most advanced communications devices. Nortel was a brilliant star in Canada’s technology sector, and then it crashed and burned.
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