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Technology Stocks : SDL, Inc. [Nasdaq: SDLI]

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To: jay silberman who wrote (277)6/5/1999 3:17:00 AM
From: pat mudge  Read Replies (1) of 3951
 
June 4, 1999

Dow Jones Newswires
DJ Lucent Named Pfd Equip Supplier For Fiber Optic Ring

NEW YORK -- Lucent Technologies Inc. (LU) received an equipment supply contract worth up to $250 million from Africa One Ltd. for a telecommunication network to be built in Africa.

In a press release Friday, Africa One said it will develop and own the undersea fiber-optic network, which will connect more than two dozen African countries.

Pending a definitive agreement, Lucent will provide the software and telecommunications products to the $1.6 billion project, which is scheduled to be completed in 2002.

Also, Global Crossing Ltd. (GBLX) units will be awarded project management and construction contracts valued at more than $100 million, Africa One said.

Africa One is a cable company owned by privately held Columbia Technologies of New Jersey.


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