Nortel Networks Corp., North America’s biggest maker of phone equipment, plunged in European trading after the Globe and Mail reported the company will file for bankruptcy protection as early as today. The board met last night to deal with “a financial crisis,” the newspaper reported, citing people working with Nortel and its creditors. Nortel will file in Toronto and an undisclosed U.S. location, the Globe and Mail reported. The company faces a $107 million interest payment tomorrow, the newspaper said. David Silke, a Nortel spokesman in Ireland, didn’t immediately return a call for comment.
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