Nortel Networks and InfoSpace Team to Deliver Wireless Internet Applications, Services Agreement To Bring Carriers Worldwide Powerful Applications, Services For Existing and Future (2.5/3G) Networks
BELLEVUE, Wash., Sep 14, 2000 /PRNewswire via COMTEX/ -- InfoSpace (Nasdaq: INSP chart, msgs), a leading global provider of cross platform merchant and consumer infrastructure services, and Nortel Networks (NYSE: NT chart, msgs; Toronto chart, msgs) today announced a major multi-year strategic alliance to jointly offer InfoSpace's wireless services platform and Nortel Networks' network infrastructure products to service providers worldwide.
(Photo:http://www.newscom.com/cgi-bin/prnh/20000420/INFOLOGO )
Under this agreement, Nortel Networks and InfoSpace will work together to provide a solution allowing carriers worldwide to roll out advanced data and transaction services quickly over both existing and next generation (2.5G and 3G) wireless Internet networks. InfoSpace will provide the platform for a complete network and services infrastructure offering available through Nortel Networks' established sales channel.
In addition, Nortel Networks and InfoSpace have agreed to collaborate on the development of new wireless Internet services optimized for third generation networks designed to support service providers as they look to capitalize on new revenue opportunities provided by next generation wireless services.
The combined infrastructure and services solution will enable carriers to quickly and efficiently roll out branded services optimized for both today's networks as well as next generation (2.5G & 3G) wireless networks. InfoSpace's wireless services platform is the platform of choice for leading carriers worldwide including Vodafone, Verizon, SBC and AT&T Wireless.
"Carriers preparing for next generation networks and applications can look to Nortel Networks and InfoSpace to provide a comprehensive Wireless Internet platform -- one that is fast and flexible, enables new ways to conduct commerce, access information and communicate, and offers a better overall user experience," said Anil Khatod, president, Global Internet Solutions, Nortel Networks.
"As carriers vie for licenses to build out third generation networks, it is extremely important for them to deliver next generation broadband services that enable not only faster and richer information, but that turn every mobile device into a true transaction device," said Arun Sarin, CEO of InfoSpace. "InfoSpace services can be quickly rolled out under a carrier's own brand and include commerce, communication and entertainment services optimized for both today's wireless networks and, with our recently announced acquisition of Go2Net, for next generation broadband networks as well."
InfoSpace is a leading global Internet information infrastructure services company. InfoSpace provides commerce, information and communication infrastructure services to wireless devices, merchants and Web sites. InfoSpace's affiliates include a network of wireless and other non-PC devices including PCs, cellular phones, pagers, screen telephones, television set-top boxes, online kiosks, and personal digital assistants. These include relationships with AT&T Wireless, Intel, Ericsson, Nokia, Mitsui and Acer America. InfoSpace's affiliate network also consists of more 3,100 Web sites that include AOL, Microsoft, Disney's GO Network, NBC's Snap, Lycos, DoubleClick and ABC LocalNet, among others.
InfoSpace's recent announcement that they have entered into an agreement providing for the acquisition of Go2Net (Nasdaq: GNET chart, msgs) positions the company to tap the market for broadband wired (DSL and cable) and broadband wireless (2.5G and 3G) services such as interactive gaming, television and other entertainment services. In addition, the announcement brings full back end payment processing to InfoSpace's existing commerce services, allowing InfoSpace to offer everything a merchant needs to conduct the entire lifecycle of a transaction, one of the key drivers of mobile commerce adoption.
Nortel Networks is a global Internet and communications leader with capabilities spanning Optical, Wireless, Local Internet and eBusiness. 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, promising a new era of collaboration, communications and commerce. Visit us at www.nortelnetworks.com.
*Nortel Networks, the Nortel Networks logo and the Globemark are trademarks of Nortel Networks.
This release contains forward-looking statements relating to the development of InfoSpace's products and services and future operating results, including statements regarding the Company's agreement with Nortel Networks, that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of our products and services and the timing of market acceptance of those products and services. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in InfoSpace's Annual Report on Form 10-K, in the section entitled "Factors Affecting InfoSpace's Operating Results, Business Prospects and Market Price of Stock." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. InfoSpace undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Source: InfoSpace.com
Contact:
Susan Kwon of Nortel Networks, 972-684-5701,
skwon@nortelnetworks.com; or Joni Hanson of InfoSpace, 425-201-6100,
ext. 8655, or jhanson@infospace.com
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URL: infospace.com |
