On June 19, 2009 Nortel said that it had entered into an agreement for the sale of certain wireless assets and is advancing in discussions with external parties to sell its other businesses.
Nortel’s tier one partnership with LOCOG spanned all its business units and it is therefore no longer able to maximize the value of its investment with LOCOG. As a result LOCOG and Nortel amicably decided to bring the current agreement to an end.
Under these circumstances, LOCOG took the decision to invite Cisco to bid for the infrastructure contract and is happy to announce that Cisco has become Official Network Infrastructure Supporter for London 2012 in a tier two deal, which commences with immediate effect.
London 2012 CEO Paul Deighton commented, “We continue on a path to deliver the most connected Games possible. We part with Nortel on good terms. Nortel acknowledges our fixed deadlines and our desire to have a single supplier for our entire network infrastructure have been impacted by Nortel’s decision to move towards standalone businesses. This is in no way a reflection of their capabilities – this is all about meeting our fixed deadlines. “
Paul Deighton continued, “We welcome Cisco to the London 2012 team, they will be a valued partner and will provide us with what we require to achieve our ambition of delivering a spectacular Games in 2012. We look forward to working with them over the next three years.”