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

To: KYA27 who wrote (3028)	7/13/1999 8:12:00 PM
From: Dolfan	Read Replies (1) \| Respond to of 14638

Thought you all might like to see this. Digitel Corporation Acquires Nortel Information Networks Business Wire - July 13, 1999 17:41 ATLANTA--(BUSINESS WIRE)--July 13, 1999--Digitel Corporation, an Atlanta-based telecommunications company specializing in Enterprise Communications Solutions, has acquired Nortel Information Networks, a business unit of telecommunications giant Nortel Networks. The acquisition will help boost the company from about $14 million in revenue to nearly $25 million in the coming year. Nortel Information Networks is an Internet service provider furnishing wholesale Internet services to other ISPs and Northern Telecom customers. Digitel was selected to purchase this division by Nortel Networks due to Digitel's 16-year history as a Nortel customer and its focus on supporting Nortel customers and expanding the Internet division as part of its long-term growth strategy. "This acquisition fulfills our need to complete our offerings for a single source of telecommunications and Internet services to our customers," said Bryan C. Tate, Chairman and CEO, Digitel Corporation. "We believe businesses will depend on the Internet for mission-critical business services as they have depended on their telephone for the past 100 years." Digitel has renamed the Nortel Information Networks division as NeoNova Network Services, "a bright new star in cyberspace." With this acquisition, Digitel is now well-positioned to become a significant provider in the Internet marketplace in both the national and international arenas. NeoNova will expand its service offerings of Internet and Intranet service solutions value-added resellers and service providers. Among the capabilities that NeoNova provides are: -- A high speed network that features the latest, innovative technology; -- A carrier class data center featuring 99.5 percent uptime; -- A dedicated Virtual Private Network (VPN) with maximum security for businesses with multiple locations featuring a state-of-the art Internet firewall that is proprietary with U.S. patent pending; -- A wide range of Internet access services from high-speed dedicated connections to dial-up access; -- A full suite of services including web-page design and hosting, global e-mail, File Transfer Protocol and Usenet newsgroups; -- Additional services that include electronic commerce, directory, community service, and online chat; -- all administration tools, applications, services, training and support for Digitel and NeoNova customers. NeoNova is headquartered in Research Triangle Park (RTP), Raleigh, North Carolina and currently provides wholesale Internet services to 45 ISPs with 50,000 subscribers in the United States. Digitel Corporation is an Atlanta-based telecommunications company specializing in the delivery of Enterprise Communications Solutions to business customers and national accounts. Digitel offers its customers telephone and data communications systems, local and long distance services, local and wide area networks, dedicated Internet access and related services, including web-page design/hosting, e-mail, e-commerce applications and patented firewall security. Digitel supports approximately 10,000 business customers with complete turnkey solutions through 13 branch offices in selected cities throughout the United States. Digitel is a major business partner of Nortel Networks. CONTACT: Digitel Gary Young, 770/451-1111 or For Digitel Jan Paul, 770/594-0999