Nortel, Huawei Kill Joint Venture
Ray Le Maistre and R. Scott Raynovich write on Light Reading:
Nortel and Huawei have abruptly ended their joint venture to develop broadband products, Nortel has confirmed.More here.
The agreement, announced in February, had the companies forming a joint venture company to develop "ultra broadband access solutions" for the global service provider market.
The end of the partnership was disclosed in a 10-Q statement filed by Nortel with the Securities and Exchange Commission (SEC) on Tuesday.
posted by Fergie @ 6/07/2006 09:27:00 AM
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