Local News

Nortel Not Interested In Acquisitions Right Now, CEO Tells Newspaper

Posted September 25, 2006 3:54 a.m. EDT

— Despite rumors to the contrary, Nortel is not interested in making any acquisitions at this time, Chief Executive Officer Mike Zafirovski told

The Toronto Globe & Mail

newspaper in an interview on Friday.

"We have more important things to do in 2006," Zafirovski said. The company will "focus on what we can do internally - strategically and operationally - and really to push out external activities to some time in 2007."

Nortel, which has a major facility in RTP, recently had been rumoured to purchase Force10 Networks.