received a $50 million contract from
, an enterprise optical networking services provider, to supply metropolitan dense wavelength division multiplexing access systems.
GiantLoop, a privately held company based in Waltham, Mass., signed a one-year agreement to purchase metropolitan optical networking equipment from Nortel, including the OPTera Metro 5200 multiservice platform.
Shares of Nortel were recently trading at $31.88, down $1.50, or 4.5% in
New York Stock Exchange