To: waverider who wrote (42069 ) 9/21/1999 1:58:00 PM From: Ruffian Read Replies (1) | Respond to of 152472
The Key Word Is "Each"> September 21, 1999 Ericsson, Lucent Sign Deals Valued at $330 Million Apiece Dow Jones Newswires Telefon AB LM Ericsson and rival Lucent Technologies Inc. said Tuesday they have signed wireless equipment deals worth $330 million each with Leap Wireless International Inc. to expand its Cricket Communications Inc. mobile-phone network. San Diego-based Leap, which last year was spun off from Qualcomm Inc., holds rights to acquire licenses to offer the Cricket service to about 24 million potential subscribers. The Cricket service, already available in Tennessee, offers local calls at a low, flat monthly rate. Sweden's Ericsson will supply and install digital mobile systems able to handle voice and data services based on the code division multiple access, or CDMA, 2000 standard, known as 1XRTT. The package includes radio base stations and controllers and switching equipment. Cdma2000 is a wireless network standard serving close to 35 million subscribers world-wide. Ericsson also will provide vendor financing that will be used for equipment to expand Leap's wireless network in various markets in the U.S. Details of the financing, which needs approval from Ericsson's board, weren't disclosed. Meanwhile, Lucent's $330 million pact with Cricket Communications calls for the telecom-equipment giant to provide undisclosed financing to the upstart carrier. Lucent, Murray Hill, N.J., said it will install CDMA network wireless systems, including base stations and switches, to help Cricket expand its wireless network to key markets nationwide. Cricket also will use Lucent's NetCare professional and network support services for network buildout, the company said. Separately, Ericsson said it has started field trials of a new wireless broadband system with Nextlink Communications Inc., a Bellevue, Wash.-based fiber-optic network operator. Ericsson's microwave-based Mini-Link Broadband Access System is being tested to show how Nextlink's connection capabilities can be expanded. It also will show how the number of buildings connected directly to local and national inner-city networks can be increased, Ericsson said.