Nortel Networks to pay U.S. bondholders up to $1 bln in interest

WILMINGTON, Del., July 24 (Reuters) - Nortel Networks Inc, the U.S. unit of defunct Canadian telecom company Nortel Networks Corp, has agreed to pay up to about $1 billion in interest that has accrued on the $3.9 billion it owes to its U.S. bondholders, a court filing showed.