The company said no further equity will be awarded this year. Nortel has been in creditor protection since Jan. 14. It made the move one day before it was due to make a $107-million US interest payment on its debt. At the time it filed for protection, the company said it had about $2.3 billion in cash on hand, while owed about $4.5 billion in long-term debt. Nortel said Wednesday it is working on a restructuring plan to get out of creditor protection as a more competitive company.