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Wednesday, September 17, 2008

Nortel 4G Plans Up in the Air

The future of Nortel Networks Ltd. as a major player in the telecom equipment market was called into doubt today as the vendor's CEO Mike Zafirovski announced that he is looking to offload the company's 4G mobile developments as well as sell off the company's Metro Ethernet Networks division (which includes its carrier Ethernet and long-haul optical equipment).

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