Nortel Networks to pay U.S. bondholders up to $1 billion in interest

Jul 24 2014 10:37PM EST | Source: REUTERS Technology

WILMINGTON Del. (Reuters) - Nortel Networks Inc, the U.S. unit of defunct Canadian telecom company Nortel Networks Corp, has agreed to pay up to about $1 billion in interest that has accrued on the $3.9 billion it owes to its U.S. bondholders, a court filing showed.