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Nortel launches venture in Israel

Brampton, Ontario-based Nortel Networks has announced the launch of Nortel Networks Israel (Sales and Marketing) Ltd. The launch, a joint venture with Telrad of Tel Aviv, a subsidiary of Koor Industri...


November 1, 2000  


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Brampton, Ontario-based Nortel Networks has announced the launch of Nortel Networks Israel (Sales and Marketing) Ltd. The launch, a joint venture with Telrad of Tel Aviv, a subsidiary of Koor Industries, is designed to deliver Internet solutions to carrier and enterprise customers in Israel.

The new Israeli outfit is 72-per-cent owned by Nortel and includes the former sales, marketing and support businesses of Telrad. It also encompasses Telrad’s business in markets outside of Israel, including South America and Africa.

Nortel Networks Israel expects to employ up to 400 sales, marketing, service and technical people in its first quarter of operation.


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