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Nortel Networks to Invest $200 M in China R&D

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BEIJING, China, Sept. 16 --Nortel Networks announced today that it plans to invest $200 million over three years to strengthen its research and development (R&D) capabilities in China. By the end of 2003, the company said it expects to double its number of R&D employees in China. Nortel also plans to construct a 55,000-square-meter campus in Beijing's Chao Yang District under an agreement with the Beijing city government. The first phase, which will provide 27,000 square meters, is scheduled for completion by late 2004. "China is extremely important to Nortel Networks, both as a market and as...Read full article

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    Published: September 2003
    CommunicationsNews & Features

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