One of the disappointing side effects of a corporate break-up is that you miss out on all kinds of opportunities for high-profile promotions. This is hardly the most disappointing side effect, but something to be missed all the same. The committee organizing the 2012 Summer Olympics in London just announced that it is jettisoning telecom partner Nortel Networks for Cisco Systems. The committee, according to Light Reading, had asked Cisco to submit a bid as a possible replacement for Nortel after Nortel decided on a corporate break-up.
Nortel, however, remains involved in an upcoming Olympics competition that that will be held in its home nation. The company reportedly is 85 percent finished with network facilities to support the 2010 Winter Olympics in Vancouver.
For more:
- Light Reading has this story [1]
Related article
Nortel said in January it was still committed to both the 2010 and 2012 Olympics [2]
Links:
[1] http://www.lightreading.com/document.asp?doc_id=179060&
[2] http://www.fiercetelecom.com/story/bankrupt-nortel-stands-firm-2010-2012-olympic-sponsorships/2009-01-15