NL Short Takes
telecom | 06/22/2004 4:00 am EDT
Nortel agrees to partnership for directory servicesNortel Networks Corp. will contribute certain assets and liabilities of its directory and operator services business to VoltDelta as part of a partnership between the two companies. In return, Nortel will receive a minority equity interest in VoltDelta, a subsidiary of Volt Information Sciences Inc. About 160 Nortel employees in North America and Mexico will join VoltDelta once the transactions closes, expected in the third quarter of 2004. Nortel has decided to retain its traffic operator position system business, which is based in Research Triangle Park NC. MTS’ Fraser unveils ‘bold, but pragmatic’ visionManitoba Telecom Services Inc. (MTS) CEO Bill Fraser told shareholders at the its annual general meeting (AGM) last week that the company has embarked on a new path to prosperity. "We are poised to take MTS into a bold but very pragmatic future with a national focus, a future, we believe that will secure our destiny," he said at the June 15 AGM. Fraser also
...