The alternative trading system will use the former Toronto Hydro Telecom network to connect its data centre with the trading centres of its investment banking customers. Alpha Trading System Ltd. says it chose Cogeco Data Services Inc. because of the cost and reliability of its wide-area fibre network
If approved by courts and regulators, Ciena will offer jobs to about 1,400 Canadian Nortel employees. Infonetics analyst Andrew Schmitt predicts this will provide relief to Nortel employees concerned about their future
At a press briefing, a Nokia Siemens Networks executive said his firm is not seeking other assets from Nortel, which is operating under bankruptcy protection. Lawrence Surtees compares the breakup of Nortel to the cancellation of the Avro Arrow fighter project 50 years ago