To: Mika Kukkanen who wrote (4986 ) 5/25/2000 9:13:00 AM From: Ruffian Respond to of 34857
PRESS RELEASE:Nortel Netwks In Co-Op Pact With Bouygues Tel Dow Jones Newswires Attention Business/Telecommunications Editors: Bouygues Telecom, Nortel Networks Sign MOU to Cooperate on UMTS PARIS, May 25 /CNW/ - Bouygues Telecom and Nortel Networks (NYSE/TSE: NT) have signed a Memorandum of Understanding (MOU) to cooperate on third generation (3G) mobile voice, data and multimedia networks based on the Universal Mobile Telecommunications Service (UMTS) standard in anticipation of the upcoming UMTS license award process in France. The MOU aims to combine Nortel Networks' leading-edge Wireless Internet solutions and expertise with Bouygues Telecom's extensive experience in mobile telephony services to prepare for the advent of UMTS mobile Internet services. Nortel Networks has worked with Bouygues Telecom on its existing GSM 1800 digital mobile wireless network since deployment began in 1995. 'We are eager to pursue our long-standing cooperation with Nortel Networks,' said Rene Russo, vice chairman, Bouygues Telecom. 'Their expertise in both radio and Internet networks will be an asset in the development of high quality, medium to high rate multimedia services for Bouygues Telecom's customers.' Nortel Networks' experience as a world leader in both GSM and CDMA technologies will allow Bouygues Telecom to prepare for the engineering and operation of its future UMTS network. 'This MOU extends an established and mutually successful relationship with Bouygues Telecom in GSM,' says Pascal Debon, president, Service Provider Solutions for Nortel Networks in Europe, the Middle East and Africa. 'With our experience in networks, radio systems and an IP-centered architecture, we combine all the components necessary for making mobile Internet services a commercial success in France.' The specific engineering of the UMTS network based on W-CDMA technology, as well as the interoperability and the transition from GSM 1800 to UMTS, will be carefully investigated in order to guarantee subscribers the greatest continuity in multimedia services. Four years after its commercial launch and with more than 5600 employees and 3.7 million clients, Bouygues Telecom has established itself as a dynamic and innovative player in the mobile telephony market in France. After having declared, in October 1999, their intention to bid for a UMTS licence in France, Bouygues Telecom is pursuing its commitment to the development of 3rd Generation mobile services. Visit us at www.bouyguestelecom.fr Nortel Networks is a global leader in telephony, data, eBusiness, and wireless solutions for the Internet. The Company had 1999 U.S. GAAP revenues of US$21.3 billion and serves carrier, service provider and enterprise customers globally. Today, Nortel Networks is creating a high-performance Internet that is more reliable and faster than ever before. It is redefining the economics and quality of networking and the Internet through Unified Networks that promise a new era of collaboration, communications and commerce. Visit us at www.nortelnetworks.com. Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price and product competition; the dependence on new product development; the impact of rapid technological and market change; the ability of Nortel Networks to make acquisitions and/or integrate the operations and technologies of acquired businesses in an effective manner; general industry and market conditions and growth rates; international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; the impact of consolidations in the telecommunications industry, the uncertainties of the Internet; stock market volatility; the ability of Nortel Networks to recruit and retain qualified employees; and the impact of increased provision of customer financing by Nortel Networks. For additional information with respect to certain of these and other factors, see the reports filed by Nortel Networks with the United States Securities and Exchange Commission. Nortel Networks disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. -0- 05/25/2000 /For further information: Beatrice Germain, Nortel Networks, +33 1 39 44 40 28, germainb(at)nortelnetworks.com; Catherine Hamon Goudey, Bouygues Telecom, +33 1 39 26 62 95, chamongo(at)bouyguestelecom.fr; Ralph Mechin, Fleishman-Hillard, +33 1 44 54 61 50, mechinr(at)fleishman.com; Paul Goyette, Nortel Networks, (613) 763-1420, goyette1(at)nortelnetworks.com; Archived images on this organization are available through CNW E-Pix at www.newswire.ca. Images are free to members of The Canadian Press./ (NT. NT) CO: Nortel Networks Corporation; Bouygues Telecom ST: IN: TLS MLM SU: -30- Briefing Book for: NT | T.NT | BCE | T.BCE