In a meeting with investors today, Nortel CEO Mike Zafirovski reportedly confirmed the company’s outlook for 2008, saying that the company still expects revenue to grow in the low single digits.
The company also announced plans to enter a strategic WiMAX partnership with Alvarion. Under the terms of the deal, Alvarion’s WiMAX access platform will be integrated with Nortel’s network, backhaul and voice-over-Internet protocol offerings and professional services.
In a statement, Nortel said it’s “focusing its main wireless R&D resources on 4G LTE and wireless applications,” and that’s its agreement with Alvarion “enables Nortel to achieve faster time-to-market with WiMAX, at a lower cost…to meet a demand that is emerging faster than the industry originally predicted.”
Richard Lowe, Nortel’s president of Carrier Networks, said in a statement: “Nortel is targeting its 4G portfolio to capitalize on the rapidly growing market opportunities associated with wireless broadband – and to help operators meet these needs quickly…Both WiMAX and LTE represent game-changing opportunities for Nortel because they require advances in network speed and capacity that Nortel knows how to deliver.”
Nortel also appointed Scott Wickware as the general manager of WiMAX; he will be in charge of maximizing the strategic collaboration with Alvarion, including integrating applications that allow users to take advantage of WiMAX’s possibilities.