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Technology Stocks : NOKIA NEWS

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To: Mephisto who wrote ()2/3/2000 9:39:00 AM
From: Mephisto   of 212
 
Nokia and Blu Sign Contract for the Supply of Italy's New Mobile Network

HELSINKI, Finland--(BUSINESS WIRE)--Feb. 3, 2000--Nokia and Italy's new GSM mobile operator, Blu, have signed a turn-key contract for the supply and rollout of network solutions for their GSM1800 network.

The contract, valued at approximately EUR 180 million (350 million lire), marks a new GSM customer for Nokia,further strengthening its position in Italy.

Nokia will provide Blu with its national radio access network infrastructure, which includes Nokia's high capacity Metrosite
solution, including base stations, high capacity base station controllers and cellular transmission equipment. The Nokia
Network Management System will also be provided bringing complete network management capabilities to the network.

The turnkey deal comprises a comprehensive range of Professional Services, including Radio and Transmission Network Planning and Optimisation, Site Acquistion, Project Management, Construction Works, Telecom Implementation, Software Maintenance, Emergency Service and Network Operations Support.

It is expected that Italy's new GSM operator will have the network operational in some of Italy's major cities by spring this year.

''With the convergence of the Internet and mobile telephony Nokia's strategy, also in Italy, is that of promoting Global IP Mobility which will allow operators, both new and existing, to offer high value added services.'' says Giorgio Pucci,Managing Director, Nokia Networks, Italy, ''Given this, we are particularly proud to be supporting Blu in the implementation of their network and we will use our wide experience to provide fast network rollouts and intelligent
capacity and coverage solutions in order to contribute to Blu's future success of providing its subscribers with differentiating
IP related services.''
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