Motorola, Lucent in IP telephony deal
By Janet Haney, CBS MarketWatch
Last Update: 4:33 PM ET Jun 14, 1999
NewsWatch
SCHAUMBURG, Ill. (CBS.MW) -- Motorola's
Multimedia Group and Lucent Technologies said the
companies are in a pact to offer high-speed cable
modem technology to cable operators.
Motorola's cable
modem
technology will
combine with
Lucent's Internet
Protocol
telephony
networking
equipment to
provide a single
option.
"Working together, we can enable cable operators to
offer their subscribers carrier-class telephony,
high-speed Internet access and video service, featuring
high-reliability and consolidated billing," Bob Molnar,
vice president, Motorola, Inc., said in a statement.
System trials are to begin next month, the companies
said.
Financial terms of the deal were not disclosed.
In related news, Motorola (MOT: news, msgs)
Multimedia Group said Monday that June marks its
shipment of 1 million cable subscriber devices. These
include cable modems and circuit switched cable
telephony units. See press release.
Schaumburg, Ill.-based Motorola (MOT: news, msgs)
stock jumped 2 1/2, or 3 percent, to 85 7/8, while
shares of Lucent (LU: news, msgs |
