The world's largest supplier of fiber-optic telecom network equipment will sign a string of deals to sell communications equipment in the burgeoning Chinese market.
China is by far the fastest-growing market in the world.
Nortel, which opened operations in China in 1972, said the country's carriers are boosting equipment spending amid rapid gains in their subscriber bases. Last year, China represented half the world's growth in communications subscribers, Khatod said. The commitment to grow China's infrastructure is really serious. The deal with China Telecom, which runs the country's largest land-based communications network, represents China's largest, single optical contract to date, Nortel said. The Nortel equipment will support up to 28 million simultaneous Internet connections on a single strand of fiber and boost by 640 times the Internet's speed and capacity to carry information.