Nortel, Huawei Form Joint Venture
An AP newswire article, via Yahoo! News, reports that:
Nortel Networks Corp. announced Wednesday it is joining hands with a major Chinese competitor, Huawei Technologies Co. Ltd., in a partnership to develop equipment for broadband connections to homes.
The new company, to be based in Ottawa and majority-owned by Canada's Nortel, will combine Huawei's broadband access products with Nortel's voice and broadband networking technologies.
posted by Fergie @ 2/01/2006 06:31:00 PM
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