Tuesday, December 19, 2006

Nortel Signs $2B Supply Deal With Verizon

A Reuters newswire article, via The Boston Globe, reports that:

Canadian telecom equipment giant Nortel Networks Corp. has signed a $2-billion (C$2.32 billion) supply deal with Verizon Wireless to help the carrier cope with an explosion in demand for broadband Internet access.

The five-year agreement is aimed at expanding the quality and reach of Verizon's network in the United States, as users clamor for online video, games and music, the companies said.

More here.


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