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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Lee who wrote (3025)	7/13/1999 11:27:00 AM
From: Paul Lee	Respond to of 14638

Nortel Networks Signed a Major Contract With NTT to Provide Next Generation Access Solutions to Meet Explosive Demand for High Speed Internet Access in Japan TOKYO, July 13 /PRNewswire/ - Nortel Networks (NYSE/TSE: NT) announced today that it has won a major contract with NTT to supply next generation access solutions based on the unique Nortel Networks' Service Adaptive (SAA) Line Card product. NTT's introduction of the SAA Line Cards into its network will help meet the demand for high speed Internet access in Japan. Among our 60 million subscribers, we have seen a declining demand for analog lines. On the other hand, with the explosion of the Internet, there has been a steady rise in demand for ISDN lines,'' said Mr. Hajime Takashima, associate senior vice president, NTT. ''The SAA Line Card that we have jointly developed with Nortel Networks enables us to switch customers from analog to ISDN lines much more easily and quickly than before. By introducing the new line card, NTT will contribute to building an environment supportive of the Internet and other multimedia services, improve customer service, and reduce costs.'' Nortel Networks is at the heart of the Internet revolution,'' said Mr. Norio Murakami, president, Nortel Networks Japan. ''The new SAA Line Cards which we have developed jointly with NTT, will bring high speed Internet access to millions of NTT's customers.'' Until now, line cards were produced to handle a single type of traffic, making it necessary to physically change the line card at the nearest installation every time a customer requested to change line type. Nortel Networks' SAA Line Card are programmed for various types of line services such as ISDN, analog, and public coin telephone lines. They can be accessed remotely from the central office, saving NTT the tedious job of physically changing the line cards. Once the SAA Line Card is installed, software can be downloaded remotely, enabling new features to be introduced to customers quickly. The SAA Line Card also has much lower power requirements than traditional cards, making it an environmentally friendly and cost-effective product. In similar collaborative research and development programs, Nortel Networks has worked closely with NTT to deliver more than 800 advanced Nortel Networks digital DMS SuperNode switches to NTT. NTT is the largest provider of telecommunications services in Japan and, in terms of turnover, is the biggest telecommunications company in the world. NTT has revenues of more than US$ 81 billion per year. According to a 1996 agreement with the Ministry of Posts and Telecommunications, NTT had transformed itself into a holding company with three subsidiaries on July 1st 1999.

To: Paul Lee who wrote (3025)	7/13/1999 11:27:00 AM
From: Paul Lee	Read Replies (1) \| Respond to of 14638

Nortel Networks Signed a Major Contract With NTT to Provide Next Generation Access Solutions to Meet Explosive Demand for High Speed Internet Access in Japan TOKYO, July 13 /PRNewswire/ - Nortel Networks (NYSE/TSE: NT) announced today that it has won a major contract with NTT to supply next generation access solutions based on the unique Nortel Networks' Service Adaptive (SAA) Line Card product. NTT's introduction of the SAA Line Cards into its network will help meet the demand for high speed Internet access in Japan. Among our 60 million subscribers, we have seen a declining demand for analog lines. On the other hand, with the explosion of the Internet, there has been a steady rise in demand for ISDN lines,'' said Mr. Hajime Takashima, associate senior vice president, NTT. ''The SAA Line Card that we have jointly developed with Nortel Networks enables us to switch customers from analog to ISDN lines much more easily and quickly than before. By introducing the new line card, NTT will contribute to building an environment supportive of the Internet and other multimedia services, improve customer service, and reduce costs.'' Nortel Networks is at the heart of the Internet revolution,'' said Mr. Norio Murakami, president, Nortel Networks Japan. ''The new SAA Line Cards which we have developed jointly with NTT, will bring high speed Internet access to millions of NTT's customers.'' Until now, line cards were produced to handle a single type of traffic, making it necessary to physically change the line card at the nearest installation every time a customer requested to change line type. Nortel Networks' SAA Line Card are programmed for various types of line services such as ISDN, analog, and public coin telephone lines. They can be accessed remotely from the central office, saving NTT the tedious job of physically changing the line cards. Once the SAA Line Card is installed, software can be downloaded remotely, enabling new features to be introduced to customers quickly. The SAA Line Card also has much lower power requirements than traditional cards, making it an environmentally friendly and cost-effective product. In similar collaborative research and development programs, Nortel Networks has worked closely with NTT to deliver more than 800 advanced Nortel Networks digital DMS SuperNode switches to NTT. NTT is the largest provider of telecommunications services in Japan and, in terms of turnover, is the biggest telecommunications company in the world. NTT has revenues of more than US$ 81 billion per year. According to a 1996 agreement with the Ministry of Posts and Telecommunications, NTT had transformed itself into a holding company with three subsidiaries on July 1st 1999.