Daimler-Ben¥and Northern Telecom to develo¥optical networks

Daimler-Ben¥and Northern Telecom to develo¥optical networks

A joint-venture company has been set u¥between Daimler-Ben¥(Munich, Germany) and Northern Telecom (Toronto, Canada) to develo¥products for optical networks and technol ogy for multimedia, local-area networks, and satellite communications. The venture, targeting the telecommunications market, will establish a development center in Germany. Northern Telecom will hold 50% of the shares, and the remaining shares will be held by Daimler-Benz.