Some former executives are from being sold off in parts. The plan looks like a , with Canada assuming control of the company. The former executives seem to be invoking some national pride to warrant a bailout. Additionally, as a part of the plan, Nortel, the Canadian government, and other Canadian hi-tech firms would build a national broadband network covering most of Canada. “This is a huge opportunity we’re trying to scope out,” tells Robert Ferchat, a former Nortel CEO, to .

“Top officials at Export Development Canada, the Industry department and other federal agencies have met in recent days with Ferchat’s allies” the story reports. But the plan is far from a done deal. “We don’t want anyone to say we didn’t try,” says Ian Craig, a former Nortel chief marketing officer. “And I don’t want anyone to say they didn’t know what was at stake. They know now.”