Nortel Networks

Nortel Establishes Global Operations Center of Excellence in Turkey

    Istanbul, Turkey, November 6 (ots/PRNewswire) -

    - Over 300 Engineers Will Support Next Generation Networks Around the  World

    Nortel(x) (NYSE: NT; TSX: NT) today announced further details of its new  Global Operations Center of Excellence in Turkey. Located on the R&D campus  of Nortel's Turkish subsidiary Nortel Netas in Umraniye, Istanbul, the new  Operations Center of Excellence will create approximately 300 jobs for  graduates and experienced network support experts.

    The creation of the Operations Center of Excellence is part of Nortel's ongoing business transformation. By reducing over 100 global centers and creating fewer, more focused, Centers of Excellence, Nortel  aims to improve the quality of its technical product support, integration  and acceptance services via efficiencies of scale, organization  optimizations and process improvements.

    "Nortel is focused on providing the very highest levels of customer  support whilst remaining cost competitive," said Joel Hackney, senior vice  president, Global Operations and Quality, Nortel. "Located in the heart of  our EMEA region, the new Operations Center of Excellence in Turkey benefits  from its proximity to major customers whilst drawing on a strong labor pool  and improving our cost competitiveness."

    The Global Operations Center of Excellence will provide technical and  operational support for Nortel's worldwide next-generation carrier  customers deploying mobile, converged and metro Ethernet networks,  including optical networks. The specific functions the Center will perform  include global network technical support for customers in North America and  Europe, the Middle East and Africa (EMEA), global product support, and  solution integration and acceptance for EMEA.

    "Next year Nortel Netas, our Turkish subsidiary, will celebrate its  40th anniversary," said Tim Watkins, president Northern Europe, the Middle  East and Turkey, Nortel. "Our considerable experience working in the region  allows us to be confident of the benefits that the new Center of Excellence  will bring. We already conduct a considerable amount of world leading R&D  at Nortel Netas and expect that this ethos of excellence will be  transferred to the new Center of Excellence."

    The first employees of Nortel's new Global Operations Center of Excellence have already commenced in-depth training on Nortel's solutions  and services portfolio. With initially 300 engineers being recruited, the  Global Operations Center of Excellence is expected to go into service in  the first half of 2007.

    About Nortel

    Nortel is a recognized leader in delivering communications capabilities that enhance the human experience, ignite and power global  commerce, and secure and protect the world's most critical information. Our  next-generation technologies, for both service providers and enterprises,  span access and core networks, support multimedia and business-critical  applications, and help eliminate today's barriers to efficiency, speed and  performance by simplifying networks and connecting people with information.  Nortel does business in more than 150 countries. For more information,  visit Nortel on the Web at www.nortel.com. For the latest Nortel news, visit www.nortel.com/news.

    Certain statements in this press release may contain words such as "could", "expects", "may", "anticipates", "believes", "intends", "estimates ", "targets", "envisions", "seeks" and other similar language and are  considered forward-looking statements or information under applicable  securities legislation. These statements are based on Nortel's current  expectations, estimates, forecasts and projections about the operating  environment, economies and markets in which Nortel operates. These  statements are subject to important assumptions, risks and uncertainties,  which are difficult to predict and the actual outcome may be materially different. Further, actual results or events could differ materially from  those contemplated in forward-looking statements as a result of the  following (i) risks and uncertainties relating to Nortel's restatements and  related matters including: Nortel's most recent restatement and two  previous restatements of its financial statements and related events; the  negative impact on Nortel and NNL of their most recent restatement and  delay in filing their financial statements and related periodic reports;  legal judgments, fines, penalties or settlements, or any substantial  regulatory fines or other penalties or sanctions, related to the ongoing regulatory and criminal investigations of Nortel in the U.S. and Canada; any significant pending civil litigation  actions not encompassed by Nortel's proposed class action settlement; any  substantial cash payment and/or significant dilution of Nortel's existing  equity positions resulting from the finalization and approval of its proposed class action settlement, or if such class action settlement is not  finalized, any larger settlements or awards of damages in respect of such  class actions; any unsuccessful remediation of Nortel's material weaknesses  in internal control over financial reporting resulting in an inability to  report Nortel's results of operations and financial condition accurately  and in a timely manner; the time required to implement Nortel's remedial  measures; Nortel's inability to access, in its current form, its shelf registration filed with the United States Securities and Exchange Commission (SEC), and Nortel's below investment grade credit rating and any  further adverse effect on its credit rating due to Nortel's restatements of  its financial statements; any adverse affect on Nortel's business and  market price of its publicly traded securities arising from continuing  negative publicity related to Nortel's restatements; Nortel's potential  inability to attract or retain the personnel necessary to achieve its  business objectives; any breach by Nortel of the continued listing  requirements of the NYSE or TSX causing the NYSE and/or the TSX to commence  suspension or delisting procedures; (ii) risks and uncertainties relating  to Nortel's business including: yearly and quarterly fluctuations of  Nortel's operating results; reduced demand and pricing pressures for its products due to global economic conditions, significant competition, competitive pricing practice, cautious capital spending by customers, increased industry consolidation, rapidly changing technologies, evolving  industry standards, frequent new product introductions and short product  life cycles, and other trends and industry characteristics affecting the  telecommunications industry; the sufficiency of recently announced  restructuring actions, including the potential for higher actual costs to  be incurred in connection with these restructuring actions compared to the  estimated costs of such actions and the ability to achieve the targeted  cost savings and reductions of Nortel's unfunded pension liability deficit;  any material and adverse affects on Nortel's performance if its expectations regarding market demand for particular products prove to be  wrong or because of certain barriers in its efforts to expand internationally; any reduction in Nortel's operating results and any related volatility in the market price of its publicly traded securities  arising from any decline in its gross margin, or fluctuations in foreign  currency exchange rates; any negative developments associated with Nortel's  supply contract and contract manufacturing agreements including as a result  of using a sole supplier for key optical networking solutions components,  and any defects or errors in Nortel's current or planned products; any negative impact to Nortel of its failure to achieve its business transformation objectives, including completion of the sale of its UMTS  access business to Alcatel; additional valuation allowances for all or a  portion of its deferred tax assets; Nortel's failure to protect its  intellectual property rights, or any adverse judgments or settlements  arising out of disputes regarding intellectual property; changes in  regulation of the Internet and/or other aspects of the industry; Nortel's  failure to successfully operate or integrate its strategic acquisitions, or  failure to consummate or succeed with its strategic alliances; any negative  effect of Nortel's failure to evolve adequately its financial and  managerial control and reporting systems and processes, manage and grow its business, or create an effective risk management strategy; and (iii) risks  and uncertainties relating to Nortel's liquidity, financing arrangements  and capital including: the impact of Nortel's most recent restatement and  two previous restatements of its financial statements; any inability of  Nortel to manage cash flow fluctuations to fund working capital  requirements or achieve its business objectives in a timely manner or  obtain additional sources of funding; high levels of debt, limitations on  Nortel capitalizing on business opportunities because of credit facility  covenants, or on obtaining additional secured debt pursuant to the  provisions of indentures governing certain of Nortel's public debt issues  and the provisions of its credit facilities; any increase of restricted cash requirements for Nortel if it is unable to secure alternative support for obligations arising from certain normal course business activities, or any  inability of Nortel's subsidiaries to provide it with sufficient funding;  any negative effect to Nortel of the need to make larger defined benefit  plans contributions in the future or exposure to customer credit risks or  inability of customers to fulfill payment obligations under customer  financing arrangements; any negative impact on Nortel's ability to make  future acquisitions, raise capital, issue debt and retain employees arising  from stock price volatility and further declines in the market price of Nortel's publicly traded securities, or any future share consolidation  resulting in a lower total market capitalization or adverse effect on the  liquidity of Nortel's common shares. For additional information with  respect to certain of these and other factors, see Nortel's Annual Report  on Form 10-K/A, Quarterly Report on Form 10-Q and other securities filings  with the SEC. Unless otherwise required by applicable securities laws,  Nortel disclaims any intention or obligation to update or revise any  forward-looking statements, whether as a result of new information, future  events or otherwise.

    (x) Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks.

ots Originaltext: Nortel Networks
Im Internet recherchierbar: http://www.presseportal.ch

Contact:
For further information: Ben Roome, +44-1628-433113,
benroome@nortel.com



Weitere Meldungen: Nortel Networks

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