By Bert Hill, The Ottawa Citizen

OTTAWA — A federal government agency will help finance the break-up of Nortel Networks with $300 million in loan guarantees.

Nokia Siemens has disclosed the funding from Export Development Canada as it announced plans to buy Nortel’s wireless business for $650 million U.S.

The move is ironic, as Nortel failed to get financing from the Conservative government late last year in a bid to avoid filing for bankruptcy protection Jan. 14
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