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Nortel buys U.S. Internet tech firm

Article Abstract:

Northern Telecom Ltd of Brampton, Ontario, has acquired Shasta Networks Inc of Sunnyvale, CA, for $318 million in stock and $22 million in cash. Shasta develops and markets equipment that allows Internet service providers and businesses to connect their networks to the World Wide Web. The acquisition would allow Northern Telecom to boost its market share in the Internet protocol business.

Author: Surtees, Lawrence; Hamilton, Tyler
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
Telephone Apparatus Manufacturing, Asset sales & divestitures, Foreign operations, Telecommunications Equipment, Communications Equipment Manufacturing, Data Communications Equip, Telecommunications systems, Data communications equipment, Northern Telecom Ltd., Shasta Networks Inc.

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Nortel seeks edge with U.S. purchase

Article Abstract:

The plans of Nortel Networks Corp., to acquire Tasman Newtworks Inc. for $99.5 million, are presented.

Author: Ebner, Dave
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2005
Telephone and telegraph apparatus, Computer network equipment industry, Network hardware industry, Mergers, acquisitions and divestments, Company acquisition/merger, Telecommunications equipment industry, Nortel Networks Corp., NT, Tasman Networks Inc.

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Subjects list: United States, Canada
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