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Nortel Networks to Make Additional Investment in Optical Internet Market

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TORONTO, Feb. 21 -- Nortel Networks has announced plans to invest an additional $260 million in its optical networking and components business. This follows the company's November 1999 announcement of a $400-million investment in the optical networking market. Nortel said these investments, and the company's expected tripling of production capacity in 2000, are its response to increasing customer demand for optical Internet systems and components. Nortel plans to distribute the investment funds as follows: $186 million is to be funneled to the company's Canadian operations, with...Read full article

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    Published: February 2000
    CommunicationsindustrialNews & Features

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