Business makes strange bedfellows. In an example of this, Nortel Networks Corp. has entered into a partnership with formidable rivals Huawei Technologies of China in order to cash in as fast as it can from burgeoning market for high-speed Internet access products.
Nortel now is planning a joint venture with Huawei that will possibly form a new company in Ottawa to sell gear that converges voice, video and data over a single network.
Even as they are finalizing the details, the tango (or at least the music) seems to have started already when they announced to have signed a supply agreement that will see Nortel begin selling some of Huawei’s technology immediately.
Source: Globe and Mail
Nortel and Huawei bury hatchets, start tango
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