To: Skiawal who wrote (17166 ) 10/19/1999 9:22:00 PM From: Michael F. Donadio Read Replies (1) | Respond to of 21342
ALCATEL GETS SBC CONTRACT! Hi Ski, so what do you think? The stock action doesn't reflect any enthusiasm but this should be great news for WSTL's CPE business:Message 11636550 To: +Yeadon (936 ) From: +Steve Fancy Tuesday, Oct 19 1999 11:05AM ET DJ Alcatel Confirms Has SBC ADSL Contract, Shr Up 4.9% PARIS (Dow Jones)--Alcatel SA (ALA) confirmed Tuesday that it has received a contract from SBC Communications Inc. (SBC) to supply asymmetric digital subscriber line equipment for SBC's $6 billion Project Pronto high-speed Internet service. An Alcatel spokesman declined to give financial details of the contract - estimated by market watchers at around $4.5 billion - but said Alcatel will be the sole supplier of ADSL and digital local loop carrier equipment for the service. Alcatel shares rose on the confirmation, up 4.9%, or EUR6.10, to EUR131.40 at 1234 GMT. (Corrected 1444GMT) SBC - the largest U.S. phone company, following its $73 billion merger with Ameritech Corp. - announced Monday that it is speeding up the expansion of its digital subscriber line service. The company hopes to offer the service to 77 million customers within three years. Project Pronto will provide customers with always-on, high-speed voice, data and video services. The service won't, however, include cable-like television programming. The service will offer customers connection speeds of at least 1.5 megabits a second, with more than 60% eligible to receive 6 megabits a second, the company said. -By Steve Rhinds + 33 (0) 1-40-17-17-52 -steve.rhinds@dowjones.com An Alcatel spokesman declined to give financial details of the contract - estimated by market watchers at around $4.5 billion - but said Alcatel will be the sole supplier of ADSL and digital local loop carrier equipment for the service. (In an item timed around 1245 GMT, the nature of the contract was misstated.) All the best, Michael