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Technology Stocks : Nortel Networks (NT)

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To: hari t who wrote ()11/13/1998 7:45:00 AM
From: Paul Lee  Read Replies (1) of 14638
 
nice win

Singapore Telecom Awards Nortel S$100M
Contract

Dow Jones Newswires

SINGAPORE -- A unit of Northern Telecom Ltd. (NT) said Friday that
Singapore Telecommunications Ltd. (P.SGT) has awarded it a contract worth
more than S$100 million (US$1=S$1.6561) to expand its local mobile GSM
1800 telecommunications network.

Nortel Networks said in a statement that it will supply additional radio and
switching equipment, as well as enhance existing its switches currently in the
SingTel Mobile network.

Nortel Networks has been working with SingTel Mobile since 1995 on the
installation and expansion of its GSM1800 network.

Tay Soo Meng, senior director of engineering at SingTel Mobile, a unit of
SingTel, said that the mobile telephone operator will invest some S$300
million in the coming year in its GSM900 and GSM1800 networks, after
having spent more than S$850 million so far.
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