Order. Good morning.
Good morning, everyone.
Pursuant to Standing Order 108(2) and the motion adopted by the Committee on Friday, August 7, 2009, we are studying the proposed sale of certain Nortel Networks assets.
We're here today, pursuant to Standing Order 108(2) and the motion adopted by this committee on Friday, August 7, 2009, to study the proposed sale of certain Nortel Networks assets.
I'd like to welcome our three witnesses this morning. From Nortel Networks Corporation, we have Mr. George Riedel, who is the senior vice-president and chief strategy officer; Mr. Richard Lowe, president of Carrier Networks; and Mr. Derrick Tay, legal counsel.
Welcome to you all. We thank you for appearing in front of our committee.
We'll begin with a 10-minute opening statement.