Nortel Networks Corp. today reportedly plans to take the wraps off its next-generation networking technology designed to make communications over the Internet faster and more reliable, according to a report in today's Wall Street Journal.
The company has gained a jump on competitors in developing routing and switching equipment that allows larger amounts of data to be transmitted at faster speeds over fiber-optic networks, the report said.
The advances are mainly a result of Nortel's acquisition last year of Bay Networks Inc., which gave the telecommunications equipment company much-needed expertise in the area of IP (Internet Protocol)-networks.
Analysts are predicting cost savings for companies that send their voice and data traffic over one converged network. IP is emerging as the standard for such networks that send data in packets, instead of via circuit-switching, as in traditional telecommunications networks.
Nortel is holding a Webcast today at 10 a.m EST. Details can be found at http://www.nortelnetworks.com/opspress or by phoning +1-800 289-0498 from the U.S.
Nortel in Brampton, Ontario, can be reached at +1-905-863-0000 or at http://www.nortelnetworks.com.