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Technology Stocks : Nortel Networks (NT)

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To: hari t who wrote ()12/3/1998 12:40:00 PM
From: Paul Lee   of 14638
 
Nortel Networks Wins US$154 Million Contract To Expand Brazil's Telemig Cellular Network

MIAMI, Dec. 3 /PRNewswire/ - Brazilian operator Telemig Celular S.A. (Telemig) has selected Nortel Networks (NYSE: NT/TSE: NTL) to expand its statewide cellular network over the next three years. The US$154 million contract calls for manufacturing, deployment and integration of Nortel Networks DualMode Radios, DMS-MTX SuperNode digital switching systems and other equipment and services.

Over the past five years, Telemig customers have enjoyed the benefits of Nortel Networks state-of-the-art wireless technology,'' said Marcio Kaiser, president, Telemig Celular. ''We look forward to expanding our network and continuing to capitalize on Nortel Networks technology to provide our customer base with the latest digital features available.''

Scheduled to begin before year end, the Telemig network expansion will extend the benefits of TDMA IS-136 digital technology - including Mobile Sleep Mode for long battery life and Short Message Service for alphanumeric paging without a pager - to new customers throughout the state of Minas Gerais. Minas Gerais is the second most populous state in Brazil with more than 17 million residents.

Named by Network World magazine as the ''Best Cellular Operator in Brazil'' in 1997, Telemig was recently acquired by a consortium formed by Telesystems International Wireless (TIW), Opportunity Bank and a group of major Brazilian pension funds as part of the privatization of the Telebras system.

Telemig has a well-deserved reputation as one of Brazil's premier cellular operators,'' said Dan Hunt, president, Caribbean and Latin America (CALA), Nortel Networks. ''We're proud to have helped them establish that reputation, and will continue to work to help them better serve their customer base.''

In addition to Telemig, Nortel Networks is deploying TDMA IS-136 digital wireless networks for operators in the city of Sao Paulo, in the capital city of Brasilia, and in the western and northeastern regions of Brazil
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