New York Stock Exchange- and Toronto-listed Nortel is positioning itself for growth by refocusing investment into areas that it believes will aid it in growing its bottom line.
President and CEO Mike Zafirovski told a media gathering in London yesterday that the company will focus on mobility and convergence, enterprise transformation, as well as services and solutions.
Zafirovski said Nortel had embarked on a six-point plan that will be implemented in the next three to five years. Three of those points are aimed at growing the company organically through research and development, and, where necessary, through acquisitions. He said the company had set itself "ambitious" targets with specific goals.
This strategy is based on the company`s view that video is the next technology that will change the face of communications. Zafirovski said that, just as voice over IP (VOIP) had been a disruptive technology, video will push speed and capacity boundaries of networks.
As a result, the company aims to make use of its expertise in metro Ethernet, CDMA and its renewed investment in 4G wireless, to benefit from the expected investment into network upgrades that are expected to happen in the next five to six years.
"The bandwidth glut left by the Internet bubble bursting has disappeared and we clearly see the opportunity for next-generation optical and backbone transport networks. We aim to capture the video explosion and, with IMS, ensure next-generation convergence services become a reality at an affordable price point."
New orders
Nortel also announced recent orders in its three new focus areas. In the convergence sphere, said its new Europe, Middle East and Africa regional president, Darryl Edwards, Russia`s Golden Telecom is expanding its optical network to increase its voice and broadband services across the region.
The Comcor Group, also in Russia, will provide VOIP and broadband services to Moscow residents using a network powered by next-generation IMS-ready technology. In addition, Craig Wireless, in Greece, has been supplied with a fixed WiMax solution from the company for the rapid roll-out of broadband across four major Greek cities, including Athens.
In the enterprise transformation sphere, the UK`s Daily Telegraph is equipping its reporters with anytime, anywhere communications for video-streaming and multimedia services through IP-based communication capabilities. The Economist is deploying an IP communications solution to allow its editors and analysts to communicate more effectively.
Turning to services and solutions, Edwards said Swisscom has launched business VOIP services operated and maintained by Nortel Global Services and based on Nortel IMS-ready technology.
Share