Nortel reshapes joint venture for high-speed Net services

Article Abstract:

Brampton, Ont.-based Nortel Networks Corp., which is a fiber optic company, will exchange its 81.25% stake in Arris Interactive for $325 million in cash. Nortel Networks also will get a 46.5% stake in a new firm called Arris Inc. from partner Duluth, Georgia-based Antec Corp.

Prepackaged software, Computer Software, Software Publishers, Joint ventures, Telegraph & other communications, Colorado, Software, Internet service providers, Arris Interactive L.L.C., Arris Inc.

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GT continues expansion with acquisition of C1

Article Abstract:

C1 Communications Inc. will be acquired by Toronto, Ont.-based GT Group Telecom Inc. for $48 million. The deal will provide GT Group with approximately 800 corporate customers and a huge fiber optics network.

Wired Telecommunications Carriers, Telephone Communications, Telephone communications, exc. radio, Telecommunications services industry, Telecommunications industry, Telephone services, GT Group Telecom Inc., C1 Communications

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Nortel delays Antec deal

Article Abstract:

Nortel Networks Corp. postponed its planned asset sale to Antec Corp. due to the loss of Antec's bank financing. A Nortel spokesperson claimed this was only a delay, and the deal will be consummated in 2001.

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