Cable & Wireless, Nortel Networks plan to work together on marketing of data, IP solutions.

0 Comments | M2 Presswire, November, 2000

M2 PRESSWIRE-14 November 2000-NORTEL NETWORKS: Cable & Wireless, Nortel Networks plan to work together on marketing of data, IP solutions (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:11112000 LONDON -- Cable & Wireless, the global telecommunications group, and Nortel Networks [NYSE/TSE: NT] have signed a Memorandum of Understanding which sets out their intention to complete by year-end a global marketing agreement.

Subject to execution of a definitive agreement, the companies will market Cable & Wireless data and IP (Internet Protocol) products and services through Nortel Networks global sales channels. Cable & Wireless expects to gain incremental annual revenues of as much as US$200 million through this effort over 10 years. Products and services...