Nortel chief executive John Roth today claimed his company has completed its $9.1 billion merger with Bay Networks in record time, just 75 days.
Speaking on the first day of what Roth described as the ?new Nortel?, he announced the appointment of Bay chief executive, Dave House, as Nortel president, and outlined plans for the combined company.
Roth also admitted Nortel was keen to acquire more companies.
Nortel is setting up a new unit called carrier packet networks, which will encompass data networking products from Bay as well as two other recent Nortel acquisitions - remote access start-up Aptis Communications and Terabit router firm, Avici Systems. Its focus will be to provide packet switching technology for carriers and service providers.
Bay Networks will retain its name as it is swallowed by Nortel?s enterprise data networks arm. House will remain Bay?s president and chief executive.
Nortel?s traditional telecomms customers will be served by its carrier networks business, selling its range of DMS switching systems. Other divisions include a wireless carrier arm and one focusing on enterprise networks, such as PBXs and call centres.
In a conference call with the press, House and Roth refused to outline specific product plans, but House revealed that Bay had been interested in acquiring rival Aptis itself. Aptis develops high end remote access switches, which Nortel chiefs insist do not overlap with Bay?s Versalar product.
Said House: ?We wanted to acquire Aptis when Nortel snapped them up. The [inclusion] of Aptis gives us more momentum.?
The combined Nortel-Bay company employs 80,000 staff, with revenues of $18 billion.
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