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Technology Stocks : Lucent Technologies (LU)
LU 2.520-1.4%3:59 PM EST

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To: MRE who started this subject7/22/2003 1:09:50 PM
From: verdad  Read Replies (1) of 21876
 
Sprint Signs $1 Billion Contract With Lucent Technologies To Enhance Nationwide PCS Network

biz.yahoo.com

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Sprint Signs $1 Billion Contract With Lucent Technologies To Enhance
Nationwide PCS Network

Tuesday July 22, 12:13 pm ET

Multi-Year Deal Highlights Sprint's Continued Commitment to Customer
Satisfaction and Network Quality Leadership; Lucent to Provide 3G Mobile
Infrastructure Equipment

MURRAY HILL, N.J., July 22 /PRNewswire/ -- Lucent Technologies (NYSE: LU -
News) and Sprint (NYSE: FON - News, PCS - News) today announced a major
agreement to enhance and upgrade the largest high-speed wireless network in
the United States with additional third-generation (3G) mobile equipment from
Lucent. The two companies signed a new, multi-year contract valued at up to $1
billion, covering major markets across the United States from New York to
California.

Lucent will provide Sprint with the Flexent® CDMA Modular Cell 4.0 and other
advanced base stations, switching equipment, related software and advanced
services. When added to the network, these solutions are expected to provide
Sprint with improved performance and increased reliability throughout its
network, leading to an improvement in overall network quality for millions of
Sprint customers.

Under the agreement, Lucent Worldwide Services will provide installation,
integration, optimization and Remote Technical Support services for Sprint's
network upgrade.

"Customer satisfaction is the number one priority at Sprint," said Kathy Walker,
senior vice president of Network Services at Sprint. "This new agreement with
Lucent will help us continue to offer our customers the most advanced and
comprehensive wireless services available while also improving the reliability,
quality and performance of the Sprint network."

Sprint built its nationwide PCS network based on CDMA (code division
multiple access) technology, which enables the cost-effective introduction of
advanced mobile data services and increases in voice capacity. The new
equipment from Lucent will enhance Sprint's nationwide 3G1X network,
increase coverage and capacity, and enable Sprint to offer even more
advanced data services based on CDMA2000 1xEV-DV technology in the
future.

"We've been with Sprint since the company installed its first base station in
1996, and we're delighted that it is still turning to Lucent to provide the
equipment that will help keep its network working at top performance for years
to come," said Chuck Naylor, sales vice president, Lucent Technologies. "Our
base station equipment is designed with the future in mind so that Sprint can
make cost-effective and simple enhancements to deliver 1xEV-DV services to
its customers."

CDMA2000 is an advanced and efficient wireless technology being introduced
worldwide and an international 3G standard established by the International
Telecommunications Union (ITU).
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