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Technology Stocks : Newbridge Networks

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Nov 7 3:59 PM EST

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To: zbyslaw owczarczyk who wrote (13211)	9/9/1999 12:54:00 PM
From: Frank Edwards	Read Replies (1) of 18016

Nortel Wins ATM Deal with Telia By Joe McGarvey, Inter@ctive Week September 9, 1999 10:53 AM ET Nortel Networks yesterday announced an agreement to supply Swedish service provider Telia with networking gear for its national backbone. According to terms of the deal, Nortel will supply Telia with its Passport 15000 Multiservice switch, which is designed to transport information based on Asynchronous Transfer Mode (ATM) technology. Telia officials say the equipment will be used to offer customers both frame relay and ATM services. Although terms of the contract were not disclosed, Nortel officials say the deal is significant because it solidifies the company's status as a major supplier of ATM equipment in the European market. In addition to the Passport 15000 line, which also is capable of transporting data based on the Internet Protocol, Telia also will purchase technical and professional services from Nortel, according to company officials.

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