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Technology Stocks : Lucent Technologies (LU)

LU 2.550

+2.4%

Dec 1 3:59 PM EST

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To: Ibexx who wrote (7427)	4/19/1999 7:42:00 AM
From: polarisnh	Read Replies (1) of 21876

Lucent to build One.Tel GSM stage one SYDNEY, April 19 (Reuters) - Telecommunications group One.Tel Ltd said on Monday it has selected Lucent Technologies Inc to build the first stage of its national GSM mobile phone network. It said the contract was worth A$240 million over five years. Lucent is the world's biggest telecommunications equipment maker. One.Tel, Australia's fourth largest telecommunications carrier, said the GSM network would have enough capacity at the end of five years for two million subscribers. ''One.Tel's GSM network will position the company as a major player in the Australian digital mobile market,'' associate director of technology Stephen Moore said in a statement. It said it is negotiating agreements on inter-carrier roaming, which would allow its customers to roam to another network when outside One.Tel's coverage area, with other carriers.

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