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Technology Stocks : Lucent Technologies (LU)
LU 2.670-1.5%Jan 23 9:30 AM EST

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To: Techplayer who wrote (9696)9/28/1999 9:42:00 AM
From: puborectalis  Read Replies (1) of 21876
 
Lucent wins up to $300 mln in optical fiber contracts
MURRAY HILL, N.J., Sept 28 (Reuters) - Telecommunications equipment maker Lucent Technologies Inc. (NYSE:LU - news) said on Tuesday it was awarded optical fiber contracts with Columbia Energy Group (NYSE:CG - news) unit Columbia Transcom; Florida East Coast Industries Inc. (NYSE:FLA - news) unit FEC Telecom Inc.; and Metromedia Fiber Network Inc. (NasdaqNM:MFNX - news) with a combined value of up to $300 million.

``These agreements demonstrate the success we are experiencing in our fiber business with new emerging carriers,' Bill Spivey, president of Lucent's Network Products Group, said in a statement.

Columbia Transcom selected Lucent's TrueWave RS Fiber, which provides capacity to transmit high-speed data and communications, for its telecommunications network under construction between Washington, D.C. and New York City. Columbia Transcom plans to provide the so-called dark fiber capacity to carriers such as Internet service providers, corporate and government customers by providing high-capacity optical pipelines.

FEC Telecom Inc. signed a contract to purchase the TrueWave optical fiber to provide high-speed Internet access through Florida cities including Miami, Ft. Myers, Tampa and Orlando.

Metromedia Fiber Network, Inc. said it plans to use Lucent's AllWave Fiber for its intra-city fiber network routes in both the U.S. and Europe.

AllWave fiber is designed specifically for use in metropolitan areas.
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