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Technology Stocks : Nokia (NOK)

NOK 6.480

-0.2%

Jan 9 9:30 AM EST

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To: Eric L who wrote (10270)	4/2/2001 2:37:24 PM
From: Eric L	Read Replies (1) of 34857

re: "Wireless Week" on Optus & Hutchison 3G U.K. Ltd deals >> Nokia Scores Millions In 3G Network Deals Wireless Week Kristy Bassuener April 2, 2001 Nokia today announces two contracts to provide third-generation wireless networks in Australia and Great Britain worth close to $1 billion. Nokia will be the sole supplier of a Cable & Wireless Optus 3G network in Australia, including the supply of a 3G radio access network for both W-CDMA and EDGE platforms. The Optus deal in Australia is for an end-to-end network that covers applications, charging, security, network management and other functions. The contract is worth roughly $434 million, and follows the completion of Australia's 3G wireless spectrum auction last month. Separately, Nokia signed a three-year deal to supply core network gear to Hutchison 3G U.K. Ltd., which won a third-generation wireless license in last year's $36 billion auction in Great Britain. The main-network supply deal is worth about $441 million. << - Eric -

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