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Companies team for technologies
TORONTO, Jan. 3 (UPI) -- Nortel Networks of Toronto was granted a three-month extension by the New York Stock Exchange Monday to file its 2003 annual report.
Nortel and its principal operating subsidiary, Nortel Networks Ltd., said the company has March 31 to file the report with the U.S. Securities and Exchange Commission. Nortel said it plans to start filing the reports on Jan. 10.
Nortel Networks is a telecom equipment maker.
The extension is subject to review by the NYSE on an ongoing basis. In the event that the company and NNL do not complete the filing by March 31, the NYSE says it will initiate of suspension procedures.
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