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Short Take: Nortel gets $120 million in contracts

Nortel Networks signed a series of contracts with China worth more than $120 million, during Canadian prime minister Chretien's recent visit to the country. Nortel also agreed to an additional $37.5 million investment in a switching joint venture. The company said in a release that contracts also include the expansion of the region's GSM digital cellular network.

Nortel Networks signed a series of contracts with China worth more than $120 million, during Canadian prime minister Chretien's recent visit to the country. Nortel also agreed to an additional $37.5 million investment in a switching joint venture. The company said in a release that contracts also include the expansion of the region's GSM digital cellular network.