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Article: BCE plan heralds Nortel Networks evolution to totally independent, widely held, Internet powerhouse.
- Article from:
- M2 Presswire
- Article date:
- January 27, 2000
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M2 PRESSWIRE-27 January 2000-NORTEL NETWORKS: BCE plan heralds Nortel Networks evolution to totally independent, widely held, Internet powerhouse (C)1994-2000 M2 COMMUNICATIONS LTD
RDATE:26012000
* A 'Win-Win' for Shareholders
BRAMPTON, Ont. -- BCE's plan to distribute an approximately 37 percent ownership interest in Nortel Networks* [NYSE/TSE: NT] to its shareholders will result in a stronger Nortel Networks, president and chief executive officer John Roth said.
"It will unleash us as a totally independent global company focused squarely on the growth engines of the Internet," Roth said. "It will put us on an equal footing with our peers in that our ...