Nortel attacks Tories over 2012 Olympics claim

Networking giant denies pulling out of Games after shadow secretary of state for culture, media and sport Jeremy Hunt's claim

Nortel denies pulling out as sponsor of 2012 London Olympics

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.