How Nortel Networks Became the Enron of Canada

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In this video, we delve into the intriguing story of Canada's former telecommunications giant, Nortel Networks. At the dawn of the new millennium, Nortel was an industry leader, a powerhouse that played a key role in the global telecommunications landscape. Its infrastructure was pivotal, carrying an estimated two-thirds of all internet traffic in North America in the year 2000. Nortel, with its staggering 90,000 employees, not only stood as the largest company in Canada, but also represented one-third of the value of the Toronto Stock Exchange.

However, the company's astounding success proved to be transient. The burst of the tech bubble led to a catastrophic plunge in Nortel's share price, obliterating billions in shareholder value. In the midst of the company's nosedive, scandal erupted, with allegations of top executives concocting a scheme to manufacture counterfeit profits, lining their own pockets with millions in bonus payments.

Despite efforts to compete and regain stability after the fraud was unveiled, Nortel continued its descent. The company filed for bankruptcy protection in 2009, marking the end of an era for Canada's largest ever company. With this video, we invite you on a journey through the astonishing rise and precipitous fall of Nortel Networks. Get ready for a riveting exploration into one of the most dramatic tales in the telecommunications industry.


0:00 - 2:37 Intro
2:38 - 6:22 The bubble
6:23 - 14:18 The fraud
14:19 The collapse


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