Nortel Creates Eastern European JV

Nortel and Southeast European Communications and Investments Inc. plans to established a joint venture in southeast Europe to drive sales of its ethernet, optical, multi-media and wireless products to carriers in the region. Called Nortel SE, the JV will have 30 sales and marketing employees and open its first offices in Bulgaria, Serbia and Macedonia, which also happens to be Nortel CEO Mike Zafirovski’s native country.

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