Organization: Nortel Networks Corp

Ranovus receives $24 million in follow-on financing

Ottawa telecommunications start-up Ranovus Inc has received US$24 million in a new round of equity and growth capital to further develop and market its interconnect products for data centre and communications networks. With operations in Ottawa, San Jose and Nuremberg Germany, the funding follows an initial $11-million round in 2013 for the three-year-old firm, which…

Ciena and Ericsson ink joint distribution deal

Ciena Corp and Ericsson have signed a joint development and distribution deal that will see the two telecommunications networking firms develop joint transport solutions for IP-optical convergence and a software-defined networking (SDN) collabor- ation framework. Although both foreign-owned, the agreement allows the two firms to further exploit valuable technological expertise developed in Ottawa and acquired…

BelAir Networks acquired by Ericsson

BelAir Networks Inc is being acquired by Stockholm Sweden-based Ericsson for an estimated price of more than $100 million. The privately held BelAir is a developer and marketer of carrier-grade WiFi network equipment with a staff of more than 120. Since its inception in 2001, it has raised approximately $70 million from several venture capital…

Huawei Technologies opens Ottawa R&D Centre

Chinese telecommunications giant Huawei Technologies has officially unveiled its first R&D centre in Ottawa after quietly establishing operations in the region nearly two years ago. The Shenzhen-based developer of telecom networking equipment plans to grow the Ottawa R&D Centre from 70 today to 250 in two years and make an investment of up to $50…

Research In Motion breaks $1-billion R&D plateau

Research In Motion Ltd (RIM) has become the third company in Canadian history to break the $1-billion mark for R&D expenditures, according to the Waterloo-based firm’s latest financial data. For the FY ended Feb 28/10, RIM spent US$964.8 million on R&D, up 40.9% from the previous FY. When converted into Canadian dollars (using the Bank…

Terry Matthews planning new venture fund

Canadian high-tech veteran Sir Terence Matthews is launching a new venture capital fund that aims to capitalize on the deep pool of research and engineering talent cut adrift with the collapse of Nortel Networks Corp. Called the Wesley Clover Technology Accelerator Fund, it plans to raise between $100 million and $200 million to a establish…

Nortel to sell Metro Ethernet unit

Nortel Networks Corp is shrinking again, this time through the sale of its Metro Ethernet business. The decision coincided with third quarter earnings of $2.3 billion, lower than projected. The Metro Ethernet business includes its optical unit, the carrier data organization, the Ethernet organization and the broadband access group along with corresponding R&D….

ICT main focus of follow-on CECR competition

The Networks of Centres of Excellence (NCE) secretariat has announced a new competition for the Centre of Excellence for Commercialization and Research (CECR) program with a high priority being given to information and communications technology (ICT). The targeted nature of the competition acknowledges the absence of successful ICT proposals in the inaugural round, which prompted…

CANARIE network boosted with Nortel technology

CANARIE has deployed a new optical network from Nortel Networks Corp that more than quadruples its previous network capacity. The network upgrade from Nortel’s Metro Ethernet Networks division gives the research and education network up to 72 optical wavelengths operating at 10Gbps at its core and future enhancements to 40 Gbps/wavelength. The upgrade was achieved…

Nortel Networks teams with Huawei in joint venture

Nortel Networks Corp has entered a joint partnership with China’s Huawei Technologies Co Ltd to develop residential broadband equipment. Nortel and Huawei will create a new company based at Nortel’s Ottawa facilities to further develop Huawei’s broadband portfolio and develop next-generation products. The two firms have also inked a separate agreement that will see Nortel…