Nortel's $9 billion acquisition of Bay Networks has already hit its balance sheet as the Canadian telco equipment maker posts a $306 million loss in its third quarter results.
Revenues increased 18 per cent to $4.14 billion, while sales in the US, Asia Pacific, Caribbean and Latin America increased "substantially" over the quarter.
Its enterprise sector saw the biggest growth at 33 per cent, followed by 15 per cent for carrier networks.
John Roth, Nortel chief executive, said: "We currently expect to see our 1998 revenue growth from ongoing operations, including Bay Networks, to be in the mid teens. We remain confident in our ability to deliver earnings in line with our guidance."
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago