Vendor strategy N49

Nortel and LG have signed a frame agreement to establish a 50/50 JV for the provision of telecom equipment and solutions to mainly Korea and China.

Huawei targets to double overseas sales in 2005 to $4bn.

In-Fusio, mobile-game publisher, acquires Thumbworks, a content entertainment provider.

IBM bought Corio, a software editor, for $ 182m.

Alcatel has sold its electrical power system activities to Ripplewood.