China's Huawei and Nortel Join in Broadband Venture

From Light Reading:

"Nortel Networks Ltd. and Huawei Technologies Co. Ltd. are forming a joint venture company to develop "ultra broadband access solutions" for the global service provider market, the duo announced today.

The new company, which will be based in Ottawa, will be majority-owned by Nortel and is expected to be in operation in the third quarter of 2006. Nortel is already marketing Huawei's broadband access gear to carriers, and the two firms have already started joint product development."

"The yet-to-be-named JV -- Norwei, Huatel? -- is to develop a next-generation multiservice access platform designed specifically to enable carriers to converge their voice, data, video, fixed wireless (such as WiMax), and, down the road, even mobile network traffic onto a single IP network, says Nortel's VP and general manager of broadband networks, Walt Megura. The resulting products will then be marketed by the two vendors around the world."