Nortel Networks Widens Lead in Global Optical Transport Market, Dell'Oro
RELATED SYMBOLS: (NT)
BOSTON, Feb 27, 2001 (BUSINESS WIRE) -- Nortel Networks (NYSE:NT)(TSE:NT.) has
strengthened its leadership position in the high-performance Optical Internet,
capturing 48.1 percent of the overall global market for optical transport
equipment in the fourth quarter of 2000, according to the latest figures from
the Dell'Oro Group, a leading market research firm.
Dell'Oro ranked Nortel Networks No. 1 'across the board' for the fourth quarter
in DWDM-Long Haul (60.4 percent), DWDM-Metro (54.8 percent) and SONET/SDH (41.1
percent) as well as overall. This included a 7.6 percent increase in DWDM-Long
Haul and a 4.9 percent increase overall from the third quarter of 2000.
For the year, Nortel Networks captured a 42.9 percent share of the overall
global optical transport market, an increase of nearly 13 percent over 1999.
"Our leadership reflects an absolute focus on our customers globally, with a
commitment to enabling their revenue growth and profitability through new
service creation and continuous innovation that ensures the lowest cost per
managed bit," said Greg Mumford, president, Optical Internet, Nortel Networks.
"We expect to expand on this with the introduction of new optical and photonic
switching, increased network intelligence and 40/80 gigabits per second
networks."
"Our No. 1 market share in metro demonstrates that we are extending our long
haul Optical Internet leadership into cities and closer to end customers with
our Local Internet strategy," said Brian McFadden, president, Photonic Networks,
Nortel Networks. "This is consistent with our overall theme of optics
everywhere, intelligence throughout and unprecedented services."
Nortel Networks continues to set the industry pace with market-leading optical
systems and component technology; a powerful, next generation product portfolio;
and complete customer fulfillment from service and network planning to
deployment, management and support.
Nortel Networks has delivered Optical Internet solutions to more than 750
customers globally -- more than any other network provider.
Nortel Networks is a global Internet and communications leader with capabilities
spanning Optical, Wireless, Local, Personal Internet and eBusiness. The Company
had 2000 U.S. GAAP revenues of US$30.3 billion and serves carrier, service
provider and enterprise customers globally. Today, Nortel Networks is creating a
high-performance Internet that is more reliable and faster than ever before. It
is redefining the economics and quality of networking and the Internet,
promising a new era of collaboration, communications and commerce. Visit us at
www.nortelnetworks.com.
Certain information included in this press release is forward-looking and is
subject to important risks and uncertainties. The results or events predicted in
these statements may differ materially from actual results or events. Factors
which could cause results or events to differ from current expectations include,
among other things: the impact of price and product competition; the dependence
on new product development; the impact of rapid technological and market change;
the ability of Nortel Networks to make acquisitions and/or integrate the
operations and technologies of acquired businesses in an effective manner;
general industry and market conditions and growth rates; international growth
and global economic conditions, particularly in emerging markets and including
interest rate and currency exchange rate fluctuations; the impact of
consolidations in the telecommunications industry, the uncertainties of the
Internet; stock market volatility; the ability of Nortel Networks to recruit and
retain qualified employees; the ability to obtain timely, adequate and
reasonably priced component parts from suppliers and internal manufacturing
capacity; and the impact of increased provision of customer financing by Nortel
Networks. For additional information with respect to certain of these and other
factors, see the reports filed by Nortel Networks with the United States
Securities and Exchange Commission. Nortel Networks disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
Nortel Networks, the Nortel Networks logo and the Globemark are trademarks of
Nortel Networks.
CONTACT: Nortel Networks
Ann Fuller, 613/768-1208
afuller@nortelnetworks.com
or
Fleishman-Hillard
Stacey Thomson, 314/982-7745
thomsons@fleishman.com
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