[Congressional Record Volume 144, Number 141 (Friday, October 9, 1998)]
[Senate]
[Page S12240]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       TRIBUTE TO NORTEL NETWORKS

 Mr. FAIRCLOTH. Mr. President, I rise today to congratulate one 
of North Carolina's good corporate citizens for receiving two 
prestigious international awards this week. Nortel Networks is a global 
supplier of telecom and data networking solutions and has been an 
employer in North Carolina since 1974. They employ over 9,000 people in 
the Raleigh-Durham area, over 32,000 employees across the United States 
and approximately 80,000 people in over 150 countries. Over 40 percent 
of Nortel Networks' worldwide revenues are generated from their 
facilities in Raleigh-Durham.
  Nortel Networks' CEO John Roth received ``The Emerging Markets CEO of 
the Year Award,'' which acknowledges companies whose expansion into 
emerging markets has contributed significantly to the corporation and 
has benefitted the countries involved. This award was presented at a 
special event during the IMF/World Bank annual meeting this week in 
Washington.
  Nortel Networks was also recognized this week as ``The World's Most 
Global Company'' in the electricals sector, by the editors of Global 
Finance, a magazine known for its reporting of world financial matters. 
Other companies who have received this award in the past include IBM, 
Citibank, Reuters, and Avon.
  These awards are well deserved. A country's communications 
structures, capabilities and services--its ``infostructure''--is 
directly linked to its standard of living. The network technologies 
Nortel Networks has brought to emerging markets has helped improve the 
standard of living for the citizens of these countries, providing them 
a much faster ascent into the 21st Century. Advanced network 
technologies promise greater opportunities to improve their education 
and health care, as well as expand business and employment.
  I hope my colleagues will join me in congratulating this world leader 
which also happens to be a stellar North Carolina corporation.




                          ____________________