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Technology Stocks : Newbridge Networks
NN 12.41-1.8%9:42 AM EST

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To: zbyslaw owczarczyk who wrote (11966)6/22/1999 2:18:00 PM
From: pat mudge  Read Replies (1) of 18016
 
News summary from Wall Street Journal:

<<<
June 22, 1999

Dow Jones Newswires
Newbridge Gets LMDS Implementation Pact From Telenordia

MAIDENHEAD, U.K. -- Newbridge Networks Corp. (NN) said Swedish Internet service provider Telenordia AB selected it to implement a local multipoint distribution service, or LMDS, trial network.

The value of the pact wasn't disclosed.

In a news release, the company said service will begin this month, with full deployment throughout Sweden in the beginning of 2000, or as soon as Telenordia is granted a LMDS license.

Telenordia is equally owned by British Telecommunications PLC (BTY), Tele Danmark A/S (TLD) and Telenor ASA (Y.TLN).

Newbridge Networks, Kanata, Ont., makes and services networking solutions.


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