Troubled networking vendor Nortel has quashed claims by a senior Tory that it is pulling out of its £40m sponsorship deal with the London Olympics organising committee for the 2012 Games.
Shadow secretary of state for culture, media and sport Jeremy Hunt was giving a presentation today at the Communications Management Association (CMA) conference at the former TUC headquarters in London, during which he said that Nortel had pulled out as a sponsor.
The supplier quickly released a statement before the afternoon presentations were due to start, denying Hunt's comment, and calling on the Conservative MP to retract his statement.
Nortel filed for bankruptcy protection earlier this January.
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