Connections +
Feature

Nortel announces $1.9 billion investment

Nortel Networks, Brampton, ON, has unveiled a US$1.9 billion investment to more than double its global Optical Internet production capacity over the next 18 months. As part of this initiative, the com...


September 1, 2000  


Print this page

Nortel Networks, Brampton, ON, has unveiled a US$1.9 billion investment to more than double its global Optical Internet production capacity over the next 18 months. As part of this initiative, the company expects to create 9,600 new jobs in Canada, the United Kingdom, the United States and Australia.

Of the total investment, US$1.2 billion will be allocated to expanding production capacity in North America, the United Kingdom and Australia for open standards-based optical components. Nortel has already announced US$660 million of optical production capacity investments over the past nine months.

“We are seeing Optical Internet breakthroughs through the combination of innovations in next generation fiber, optical systems and components,” says John Roth, president and CEO of Nortel Networks. He says with this new development, the company is investing to “enable a faster time to market for these innovations.”


Print this page

Related