Nortel Strikes $60 Million Optical Gear Sale
Mar 7 10:38am ET
OTTAWA (Reuters) - Nortel Networks Corp. (NT.TO), one of the world's largest communications equipment firms, has struck a $60 million sale for its urban fiber-optic network technology to FiberNet Telecom Group
Inc.(FTGX.OB).
New York City-based FiberNet, a service provider, said it will introduce the technology -- designed to transport high volumes of voice, video and data traffic at high speeds -- to office properties.
Nortel is announcing a string of optical product and contract news at the Optical Fiber Communication
Conference and Exhibit in Baltimore, Maryland this week.
Nortel also said on Tuesday it has enhanced its OPTera Metro equipment for urban networks, boosting its capacity to 10 gigabits or billion bits per second. The technology will be available in the second quarter of 2000.
Nortel also said it will launch bandwidth manager OPTera Connect LX, with a capacity of 2.5 terabites or
trillion bits, in the second quarter of 2001.
``Nortel Networks leads the high-performance Internet backbone market, clearly taking No. 1 market share in
1999,' said Don Smith, president of Nortel's Optical Internet unit, in a statement.
``This year we are continuing our momentum in the backbone market and extending our leadership to the metro -- a fast-growing, strategic market poised to take off in 2000. Just watch us.' |
