Rogers Teams with Nortel

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Rogers Communications is launching an internet-based digital phone service in the summer using Nortel equipment.

Nortel will provide the company with software and hardware to allow connection from its cable TV and Internet technology to the public telephone system.

“The majority of cable operators around the globe who have chosen to deploy cable telephony have selected Nortel cable (voice-over-Internet) solutions,” said Dan Mondor, general manager of Nortel’s global cable solutions division.

According to a CBC article,

“Rogers’s move to deliver digital phone service is part of a push by the major players in Canada’s telecommunications and cable industries to expand outside their traditional markets.

Nortel, which has been embroiled in financial accounting troubles and has had to restate its results, is expected to file its second-half 2004 financial statements before the end of March.

The Brampton, Ont.-based company has already completed the restatement of 2001 to 2003 results, and issuing its first-half 2004 report.”

Nortel shares went up 10 cents to $3.65 and Rogers fell two cents to $33.76.

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