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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Mephisto who wrote (2726)	11/16/1999 5:01:00 PM
From: Mephisto	Respond to of 34857

Nokia signs fixed access equipment deal with Metro Red in Mexico HELSINKI--(BUSINESS WIRE)--Nov. 16, 1999--Nokia and Mexico's Metro Red have signed a deal for the supply of fixed access equipment. The contract includes PDH transmission equipment, cross connects and the Nokia Network Management System. In addition, Nokia will provide a full range of customer services, which also covers implementation and technical support. Metro Red will be offering services in Mexico City and the surrounding areas. In addition to their voice, data and video service offering to corporate customers in Mexico, Metro Red has established itself as a major provider of solutions and value added services to corporations in Brazil and Argentina. ``Metro Red will now be able to offer additional services thanks to the increase in transmission capacity,' said Walther Tessman, General Director, Metro Red, ``Nokia was chosen because its equipment meets our requirements, such as high network availability, security and manageability, but also because of the excellent support and services offered that completed the package.' ``This is an important step for Nokia in terms of making further in-roads into the Mexican and Latin American markets, with a key player in the region such as Metro Red,' said Sampsa Lahtinen, President, Nokia Mexico, ``Our solutions will help to improve in the competitiveness of their core businesses and with this agreement Metro Red will be able to provide additional data traffic connections for its corporate customers.' Metro Red is a telecommunications enterprise dedicated to the transmission of voice, data, video and value added services. Through its advanced technology and modern infrastructure, Metro Red offers solutions to corporations in Mexico, Brazil and Argentina. Nokia is paving the way to the mobile information society with its innovative products and solutions. Nokia is the leading mobile phone supplier and a leading supplier of mobile, fixed and IP networks including related services. It also supplies multimedia terminals and computer displays. In 1998, net sales totaled EUR 13.3 billion (USD 15.7 billion). Headquartered in Finland, Nokia is listed on the New York (NOK), Helsinki, Stockholm, London, Frankfurt and Paris stock exchanges and employs more than 53 000 people.