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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: technbio who wrote (44529)11/6/2000 7:34:28 AM
From: 1st.mate  Read Replies (1) of 62348
 
Nortel wins bid to set up Israeli
communications network

Reuters News Agency

The Ofek Group and Nortel Networks will sign an agreement on Monday
giving Nortel preferred supplier status in setting up and integrating a
communications network in Israel, the companies said on Sunday.

Israeli media valued the Ofek-Nortel deal, designed to compete with
state-run telecommunications company Bezeq Israel Telecom, at
$700-million (U.S.).

Over the past 18 months, Ofek looked at numerous competing companies
to set up what the company calls one of the most advanced
communications networks in the world.

A trial was held in the Israeli city of Ariel, in which bidders invested millions
of dollars.
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