Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Harmonic Lightwaves (HLIT) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Oliver who wrote (2947)	9/28/1999 9:59:00 AM
From: Mark Oliver	Read Replies (1) \| Respond to of 4134

September 28, 1999 9:00am Lucent inks bunch of new contracts By Tiffany Kary ZDII Telecommunications equipment giant Lucent Technologies Inc. (NYSE: LU) has a horde of deals in the works. On Tuesday, the company announced it inked fiber optical agreements valued at up to $300 million, and another deal worth $50 million for a network in the Pacific Northwest. And late Monday, Lucent said it has agreed to supply Vesper, a new Brazilian local telephone provider, with a wireless voice and data network in a project that could be around $470 million over five years. Here's the breakdown of Lucent's recent deals: The deal with Vesper, also known as Megatel do Brasil S.A, a consortium of Bell Canada International Inc. (Toronto: BI.TO), Qualcomm Inc. (Nasdaq:QCOM) and VeloCom Inc., and SLI Inc.(NYSE: SLI) of Argentina -- is subject to negotiation of final terms and conditions and would include financing. Lucent will supply a "wireless local loop," as well as other products and services for network management and telecommunication services. The contract also calls for future installation of optical fiber and copper networks, as new systems to allow for higher-speed data transmissions. Lucent said optical fiber contracts with Columbia Transcom, FEC Telecom, Inc. and Metromedia Fiber Network, Inc have a combined value up to $300 million and include the deployment of Lucent's AllWave and TrueWave fiber. Columbia Transcom, a wholly owned subsidiary of Columbia Energy Group (NYSE: CG), signed with Lucent for its telecommunications network under construction between Washington, D.C. and New York City. FEC Telecom, Inc., Florida East Coast Industries' telecom subsidiary, agreed to buy Lucent's TrueWave RS optical fiber to carry broadband traffic to build a 780-mile "telecommunications loop" reaching 13 of Florida's 15 largest population centers. Metromedia Fiber Network, Inc. (Nasdaq: MFNX) today announced its plans to deploy Lucent's AllWave Fiber for its intra-city fiber network routes in both the U.S. and Europe Lucent also unveiled a new end-to-end fiber optic product Tuesday; AllWave ADVANTAGE Optical Connectivity Solution will optimize network performance in metropolitan and cable communications networks. Lucent has produced more than 6 billion meters of its TrueWave Fiber -- enough fiber to wrap around the world 150 times, according to the company release. Lucent said it is experiencing double-digit growth in its optical fiber business, with expansion plans underway to its facilities in Atlanta, Denmark and China. WIN Switching, a consortium of Independent Telephone Companies in the Pacific Northwest, said it has inked a five-year, $50 million contract to build a converged telecommunications network for customers in rural areas of the Pacific Northwest. Residential and business customers will receive voice and data switching services based on Lucent's broadband access solutions including the PathStar(TM) Access Server, Lucent's flagship 5ESS(R) Switch and the 7 R/E(TM) Packet Solutions portfolio.