Technology news and Jobs 
VIRTUALISATION Nortel targets 4G mobile, enterprise and SME markets
VIRTUALISATION Nortel targets 4G mobile, enterprise and SME markets | Nortel targets 4G mobile, enterprise and SME markets |
|
| by Stuart Corner | |
| Sunday, 11 March 2007 | |
  
Featured Whitepaper
5 Best Practices for Smartphone Support
Nortel has launched in the market a new range of SMB products resulting from the LG-Nortel joint venture and targeting IP convergence opportunities. Zafirovski also said that Nortel was executing a business transformation plan that aimed to strengthen the company through its new leadership team, reduced cost structures, investments in areas of growth and a targeted $US1.5 billion operating margin expansion by 2008. According to Nortel, "the industry is stepping into a new era driven by the end-user demand for seamless anywhere, anytime communications. This era requires technologies that allow a true broadband experience where communication is so seamless, users no longer have to consider which technology is being used to make a connection." Nortel says it "foresees 4G mobile technologies as key to delivering that experience and is committed to leading the 4G evolution." As part of its plan to achieve operating margins of $US1.5 billion by 2008, Nortel announced in June 2006 that it would shed 1900 staff from its operations around the world by consolidating its various support centres into a fewer large centres and by reducing is middle management ranks. It said it would also revise its North American pensions scheme to reduce its unfunded pension liability by $US400m. The moves were expected to cost around $US100 million over the next two years and to generate annual savings of approximately $US100 million in 2007 and approximately $US175 million by 2008.{moscomment} |
Tags
| < Next story in category | Previous story in the category > |
|---|
