Nortel to provide hardware equipment to Verizon Wireless

Nortel to provide hardware equipment to Verizon Wireless

Canadian telecom company Nortel Networks Corp. has signed on a mega deal with Verizon Wireless. This deal is worth around $2-billion and it would see Nortel supplying Verizon networking equipment to cope up with the ever growing demand in the US market.

This deal would last for a period of five years and it would help Verizon expand the quality and reach of their network.

Richard Lowe, Nortel’s mobility and converged core networks president spoke on this deal: “Consumers expect more from their mobile devices than voice communication and text messaging. Nortel is making it simple for Verizon Wireless to expand its network to meet this demand and to competitively drive new services to market.”

With the growing popularity of sites like YouTube.com and others, it is increasingly becoming difficult for ISPs around the world to cope up with the growing traffic on the internet.