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Technology Stocks : Alcatel (ALA) and France -- Ignore unavailable to you. Want to Upgrade?

To: zbyslaw owczarczyk who wrote (2707)	10/31/2000 10:21:47 PM
From: zbyslaw owczarczyk	Respond to of 3891

Alcatel will provide to 360networks for 1,5 billion to two billion dollars equipment PARIS, October 31 (Reuters) - Serge Tchuruk, chairman from Alcatel, declared Tuesday that Alcatel will provide to 360networks for 1,5 billion to two billion dollars equipment within the framework three contracts relating to world optical networks. " In all, the whole of the equipment which will deliver Alcatel to 360networks will represent 1,5 to 2 billion dollars ", it declared at the time of a conference call presenting industrial and financial alliance tied between the two groups. Alcatel has (Paris: 13000.PA - topicality ) summer chosen by the Canadian group to provide him 360pacific, a 22.000 km length transpacific underwater network, a contract from approximately 1,1 billion dollar. The equipment supplier telecom will also provide a second transatlantic network - 360atlantic2, a contract whose amount was not specified. This network will come to supplement the network 360atlantic on which the two groups had already contributed. Finally Alcatel saw itself allotting by 360networks a contract of at least 100 million for the supply of optical equipment for ground networks. Within the framework of an alliance with the Canadian group, Alcatel had previously announced its intention to acquire, in two sections, for a billion dollar of convertible obligations 360networks, expiry 2012, carrying an annual interest rate of 7,25%. / BVO