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Nortel capitalizing on growth of wireless; North America presents current opportunities

News | 11/27/2001 5:00 am EST

Telecom giant Nortel Networks Corp. has grabbed a significant share of the world’s next-generation wireless equipment market and has moved into second place behind Ericsson, according to its most recent figures. Despite a significant downturn in its optics business, the company is rolling ahead with its wireless activities landing major contract wins. Most recently, Nortel entered Korea with the completion of 3G testing.

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