plans to expand its manufacturing operations in Brazil by adding GSM equipment and new production capabilities for optical Internet products at its systems house in Campinas.
Nortel will also establish a new wireless Internet lab in Campinas.
The networking company and its partners have already invested about $71.2 million in the systems house, research and development activities and a training center in Campinas. Nortel will start shipping STM1 equipment from Campinas to support access network products for its customers by the end of the year. Early next year, the company will expand its product portfolio to include STM4 and STM16 equipment.
Shares of Nortel were recently trading up $2.50, or 6.9%, to $38.88 in
New York Stock Exchange
composite trading. The 52-week high is $89.