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Technology Stocks : Nokia (NOK)

NOK 6.485

-0.2%

11:25 AM EST

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To: JohnG who wrote (10293)	4/3/2001 3:58:24 PM
From: Eric L	of 34857

re: More on Nokia UMTS Deals from Wireless Week >> European 3G Moves On Billion-dollar Deals Kristy Bassuener April 3, 2001 Wireless Week Third-generation wireless services got a step closer to reality in Europe this week as carriers contracted with vendors for billions of dollars in network-development deals. Nokia won the bulk of the recent contracts, pushing rival Ericsson into a back seat. Orange plc, owned by France Telecom, awarded Nokia contracts in the United Kingdom as well as France and Germany totaling more than $1 billion. Nokia will be the sole provider of Orange 3G UMTS network services and gear in the U.K. The Finnish manufacturer also will provide infrastructure to Intineris in France and MobileCom -- 28 percent owned by Orange -- in Germany. Ericsson, however, will also get a $446 million slice of MobilCom's network business. In France, Nokia will share Orange-related equipment deals with Alcatel and Japan's Fujitsu Yesterday, Nokia said it struck network deals with Hutchison 3G U.K. Ltd. and Cable & Wireless Optus of Australia totaling close to $900 million. Hutchison 3G says it expects to have 3G services up and running in 2002, about two years after Great Britain's blockbuster third-generation license auction that brought in about $36 billion. << - Eric -

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