Nortel, after years of turmoil, entered bankruptcy protection in 2009. Since that time, Nortel has sold many of its constituent parts from its wireless enterprise and optics division to foreign companies. In the sell-off of its wireless technology division, the federal government was presented an opportunity to bring together Nortel and RIM of Waterloo to create a newly merged wireless company with RIM and Nortel cutting-edge technology. The Conservative government chose not to do so and refused to review the sale of Nortel's wireless division to Sweden's Ericsson, despite the fact that the Investment Canada Act clearly defined that a review was required. Once again, the Conservative government did nothing. The result was significant.