StarHub also gave contracts to Ascend
Communications Inc. (Nasdaq:ASND -
news), Dutch software firm Cap Gemini and
Sweden's Ericsson .
Lucent wins Singapore telecom
contract
NEW YORK, Nov 6 (Reuters) - Lucent Technologies
Inc.
confirmed Friday that it won a contract to supply a
transmission and access
network to Singapore's StarHub consortium.
StarHub is a joint venture between Singapore
Technologies Telemedia,
Singapore Power, Nippon Telegraph & Telephone
Corp. and British
Telecommunications Plc (quote from Yahoo! UK &
Ireland: BT.L) that plans to invest
about $1.5 billion in the next seven to 10 years on
telecommunications
infrastructure.
Contracts handed out Friday represent the initial
phase of StarHub's
investment. The total value of the contracts handed
out to all companies
Friday is about $202 million, a Lucent spokeswoman
said. She added that at
StarHub's request Lucent would not reveal the value
of its contract, but said
it is a significant portion of the initial-phase work.
StarHub also gave contracts to Ascend
Communications Inc. (Nasdaq:ASND -
news), Dutch software firm Cap Gemini and
Sweden's Ericsson .
StarHub, which won its licenses when the Singapore
government recently
deregulated the telecom market, is scheduled to
start commercial service in
April 2000. Lucent said it hopes it will continue work
with StarHub beyond
the value of the current contract.
''We are extremely pleased to have been selected by
StarHub for this very
significant project,'' Michael Butcher, Lucent's chief
executive of its
Asia/Pacific division, said in a statement.
Murray Hill, N.J.-based Lucent has about 1,400
employees in Singapore.
More Quotes
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Ascend Communications Inc (Nasdaq:ASND - news)
Lucent Technologies Inc (NYSE:LU - news)
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