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The company said that under a new three-year agreement, Nortel will evolve its traditional voice system to Verizon IP Trunking VoIP service, which is based on SIP (Session Initiation Protocol). In addition, Verizon Business will manage Nortel's existing Verizon Private IP network, enabling Nortel to benefit from expanded managed network service capabilities and service level agreements.
Verizon IP Trunking features Burstable Enterprise Shared Trunks (BEST), introduced by Verizon Business earlier this year. BEST is an on-demand networking capability that enables customers to use idle trunk capacity from one or more locations to dynamically accommodate increases in traffic at other locations, providing more design flexibility and reducing the total number of trunks required across the enterprise.
No financial details of the contract were disclosed.
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