Nortel?s acquisitions frenzy has left it nursing a net loss of $62 million for its second quarter.
Among its purchases in the first half of the year were remote access start-up Aptis and Canadian fixed broadband wireless developer, Broadband Networks.
Revenues increased by 12 per cent to $4.16 billion.
Nortel's chief executive John Roth said earnings should grow by around 20 per cent in 1998 despite the proposed $9.1 billion takeover of Bay Networks, which will hit the next quarter.
Said Roth: ?We are pleased with our overall financial performance, including our strong order input. Revenue increased across all our lines of business, with a 28 per cent growth in broadband networks.?
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