Cable & Wireless PLC (C&W) in London and Nortel Networks Corp. in Brampton, Ontario, announced this week that Nortel will create and manage a C&W voice over IP backbone in Europe and North America. The deal will add $1.5 billion to Nortel's coffers during the next 10 years. C&W will migrate its business telephone operation from standard switched-voice services to voice over IP and will transfer existing voice network employees to Nortel in the next three years, company officials said.
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