Nortel gets $1B government boost Export Development Canada offers line of credit to bolster stock price Nortel Networks Corp., still struggling to stabilize its finances during a protracted slump, has received a billion-dollar safety net from the federal government. The Brampton-based maker of telephone gear revealed yesterday that Export Development Canada -- a controversial lending agency -- has agreed to provide the company with a credit line worth as much as $750 million U.S. Nortel also provided details of a plan to cancel some 3.8 billion outstanding shares. At its annual general meeting in April, the firm plans to ask...
