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Technology Stocks : Lucent Technologies (LU)

LU 2.415

+1.9%

Nov 21 9:30 AM EST

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To: Alex who wrote (4258)	9/18/1998 5:35:00 PM
From: Ibexx	Read Replies (1) of 21876

Thread, New contract for LU: Friday September 18, 5:06 pm Eastern Time Tec signs 5-yr, $100 mln pact with Lucent FAIRPORT, N.Y., Sept 18 (Reuters) - Local exchange carrier PaeTec Communications Inc. said Friday that it has signed a $100 million, five-year contract with telecommunications equipment giant Lucent Technologies. The contract is for a minimum of 16 Lucent 5ESS AnyMedia switches. Using Lucent's technology, privately-held PaeTec's national network region will be able to serve 50 percent of the U.S. population that generates over 70 percent of all international traffic, PaeTec said in a statement. PaeTec also will deploy Lucent's switching control point platform as part of the agreement. The platform will provide advanced local and long-distance services, local number portability, and emerging data and Internet telephony. Ibexx

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