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Technology Stocks : Lucent Technologies (LU)

LU 2.500

-0.8%

Nov 28 9:30 AM EST

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To: MRE who started this subject	3/18/2003 1:00:33 PM
From: Kenneth E. Phillipps	Read Replies (1) of 21876

Verizon Wireless will market high-speed access to businesses Tuesday, March 18, 2003 BY TOM JOHNSON Star-Ledger Staff Verizon Wireless is planning to roll out a high-speed wireless data service that would allow its business customers to access the Internet at speeds comparable to those provided by cable or telephone wires. The nation's largest wireless company plans to launch its Evolution Data Only network this summer starting in Washington, D.C., and San Diego. Subscribers will be able to download corporate e-mail, large files and even video. In addition, the company plans to allow customers to access the Web at super-fast speeds at hundreds of hotels and 10 airports using a technology called Wi-Fi, or wireless fidelity. Wi-Fi refers to radio transmissions of data that allow computer users to get on the Internet without cable or phone lines. The roll-out of the services is part of an effort by Verizon to tap into the lucrative business market by creating faster access to corporate offices by subscribers using their wireless phones. With fierce competition forcing price cuts for voice calls, wireless companies such as Verizon are trying to offer new data services to boost revenues. The launch of the new network follows a successful trial of the technology last fall. The system in Washington will use equipment developed by Lucent Technologies, while the San Diego system will use gear from Nortel Networks. Verizon plans to begin selling cell phones and special cards for laptop computers that can access the network. A spokeswoman said prices have not been set. The Wi-Fi service will be offered in popular indoor locations such as hotels and airports beginning in the third quarter through an agreement with Wayport Inc., a Texas service provider.

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