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Nortel Mediator Extends Talks Over $9 Billion to Jan. 22

Creditors of Nortel Networks Corp., the defunct telecommunications company, were asked to extend for four days their negotiations over how to split $9 billion in cash among bondholders and retirees.

Mediator Warren K. Winkler, the chief justice of Ontario, asked participants in the talks, which began Jan. 14, to stay in Toronto and work toward a settlement until noon on Jan. 22.