Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (9021)	12/8/2000 1:19:33 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

UnitedNetworks, Nortel Networks to Deliver Optical Ethernet in New Zealand High-Performance Internet Solution Will Enable Ultra-High Bandwidth at Lower Cost AUCKLAND, New Zealand, Dec. 8 /CNW/ - UnitedNetworks has selected a high- performance Internet and communications solution from Nortel Networks (NYSE/TSE: NT) - combining the power of optical and the flexibility of Ethernet networking - to enable delivery of greater bandwidth at substantially lower cost to customers of a new, open access wholesale fibre optic network currently under construction in the central business districts of Auckland and Wellington. Network completion is planned for early 2001. In addition to deploying Nortel Networks new end-to-end, large-scale gigabit networking Optical Ethernet solution, UnitedNetworks has engaged Nortel Networks Global Professional Services to design and implement operational systems for the network, and to manage the network operations centre using Nortel Networks Preside network and services management solution. "Nortel Networks was selected after an exhaustive evaluation process," said Dan Warnock, chief executive officer, UnitedNetworks. "Not only were they able to offer a robust and state-of-the art technology solution, they also demonstrated the greatest understanding of our fibre optic network business requirements - to provide a carrier-grade network that allows existing and emerging telecommunications companies and ISPs (Internet Service Providers) and ASPs (Application Service Providers) to supply value-added data services to their business customers in `smart wired' buildings." "This is the industry's first complete, end-to-end solution for seamless connections from the core network to the desktop exclusively using Ethernet protocol," said Rob Spray, managing director, Nortel Networks New Zealand. "Optical Ethernet will position UnitedNetworks to achieve a significant competitive advantage by leveraging first-mover advantage in Optical Ethernet technology to deliver the speed, quality, reliability and economics of a new, high-performance Internet infrastructure - essential for active participation in the global eBusiness boom." Nortel Networks end-to-end Optical Ethernet solution will enable UnitedNetworks to offer its customers 10/100/1000 megabits-per-second and 10 gigabits-per-second Ethernet-based virtual private networks (VPNs) with the reliability and availability of optical networks. Optical Ethernet will also allow service providers to tailor services to meet customer requirements and to rapidly provision those services. This new level of responsiveness will permit prompt response to changes in bandwidth and site requirements dictated by changing competitive environments. As part of the total solution, UnitedNetworks is also deploying Nortel Networks Passport 8600 routing switch for powering integrated voice, video and data networks, and providing ease-of-use, high-performance, reliability and scalability within a single platform. Passport 8600 can be used in campus and in-building backbone networks, or in service provider metro applications requiring higher performance, routing or MAN (metropolitan area network) connectivity. The new switch is designed to provide 99.999 percent uptime to network managers, critical in today's eBusiness environment where downtime can result in loss of competitive advantage, customer loyalty and revenues. UnitedNetworks is one of the largest network infrastructure companies in New Zealand. It is also the country's largest electricity lines company and its largest gas distributor, serving over 550,000 New Zealanders. Visit UnitedNetworks at www.unitednetworks.co.nz. 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. 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. -30- For further information: Elizabeth Lovett, Nortel Networks, 61 2 8870 5625, elovett@nortelnetworks.com; Dana Hughens, Nortel Networks, (770) 708-8982, dhughens@nortelnetworks.com; Ralph Little, UnitedNetworks, 64 997 94306, ralph.little@unitednetworks.co.nz; Archived images on this organization are available through CNW E-Pix at www.newswire.ca. Images are free to members of The Canadian Press.