Nortel in talks on potential takeovers

Nortel Networks has begun talks with potential takeover targets as North America's biggest maker of telephone equipment looks to expand its reach, its chief executive said on Thursday.

"We are doing lots of analysis internally on how to grow the company organically, and we started discussions recently with companies that we believe can be adding to our growth trajectory," Mike Zafirovski said.

"We're confident that we'll be able to successfully integrate other activities if the pricing is appropriate," he said.
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- Posted: 2007-08-03 10:31:44

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