OTTAWA – Nortel president and CEO Mike Zafirovski addressed outlined today to shareholders and employees how the company has turned its attention to hyperconnectivity as its key plank to build more growth.
"We have been hard at work transforming Nortel to return it to industry leadership – to re-create the great company that we all know Nortel is capable of being: a company that can consistently deliver value to customers, shareholders and employees," said Zafirovski. "Everyday, we are taking steps towards remaking Nortel into an industry powerhouse."
That means meeting as many customer needs as possible as soon as possible. "Customers today are searching for services and solutions that help them solve their business issues – not just new products. They want to drive down their integration costs and capture key savings to help them compete,” he said.
"Not just in our labs, but in the marketplace and with our customers today we are driving innovations in unified communications and wireless broadband; innovations in 4G, which increases bandwidth without ripping up and replacing existing networks. We are also raising the intelligence of communications networks through PBT and enabling the mobile workplace of the future with our telepresence solutions. All this to meet the needs of hyperconnectivity in a connection hungry world,” said Zafirovski,
Last year, Nortel outlined a strategy for seizing the opportunities of hyperconnectivity, where every device and application that could benefit from being connected, would be.
"The phenomenon of Hyperconnectivity is placing increasing demands on our industry, but it is also driving a potentially huge opportunity," said Zafirovski. "Some of the pillars that drive Hyperconnectivity – unified communications, 4G wireless broadband, 40/100G and 10G Ethernet and related applications – are expected to grow in excess of 35% annually. Focusing on these high-growth areas, in a strategic way, will help us establish entry points for increasing growth and relevance in key customer segments,” said the CEO.
