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. Last Updated: 07/27/2016

NORTEL Telecommunications Opens Doors at Moscow Office

NORTEL, one of the world's biggest telecommunications companies, has opened an office in Moscow after spending three years developing Russia's regional market.

Richard Reid, a company director, said Nortel plans to increase investments in Russia's telecommunication networks, despite increasing competition.

"We are here and this is a signal that we stay and will grow. We see a lot of opportunities opening up, a lot more capability running across Russia. It is good sign," Reid said in an interview.

Ian Latremoille, chief manager for the CIS, said NORTEL has achieved 15 percent of the Russian market share and is the second-leading manufacturer of digital telecommunications equipment for Russia. It has 22 projects employing several hundred people in Russia and other CIS countries.

The company -- which renamed itself from Northern Telecom last month -- has installed more than 110,000 lines in Russia through PBX switchboard systems. Among major Russian clients are the Radisson-Slavjanskaya and Metropol hotels, Aeroflot, the Space Training Center, Menatep Bank, and oil companies LUKoil and Permnefteorgsintez, he said.

Nortel is one of the world's major providers of equipment for switchboard and wireless networks. Its worldwide 1994 revenues from sales were $8.84 billion.

AT&T, Samsung, Deutsche Telecom and Nokia are other leading players in the Russian telecommunications market.