Nortel To Quite Ethernet Market

September 19, 2008 | 0 Comments

Nortel Networks is set to abandon the optical and carrier Ethernet markets as tough economic times forced the Canadian telecom provider to lower third quarter revenue expectations.

Nortel is offering for sale its Metro Ethernet Networks (MEN) as part a significant revamp, according to Mike Zafirovski, president and CEO of Nortel.

“It is clear that the business environment in which we operate requires additional immediate and decisive actions,” Zafirovski said in a phone conference yesterday following the announcement of a much lower business forecast.

News Source: IT Business
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