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To: larry pollock who wrote (3772)2/6/2002 12:27:45 PM
From: larry pollock  Read Replies (1) | Respond to of 3891
 
D.Telekom, Siemens deal worth 350 mln euros -source
6 Feb 2002, 10:51am ET

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BERLIN, Feb 6 (Reuters) - Deutsche Telekom's order for new generation mobile phone technology from Siemens AG will be worth around 350 million euros ($305.4 million), sources close to the deal told Reuters on Wednesday.

The sources said the German telecoms giant was also expected to sign UMTS equipment supply deals with Finland's Nokia (HELS:NOK1V) and Nortel Inc (TSE:NT)(NYSE:NT) by the end of the second quarter. The orders were expected to be worth a sum in the triple digit millions of euros.

Deutsche Telekom and Siemens signed a 10-year agreement on Wednesday under which Siemens will deliver UMTS mobile networks and switching systems to Germany's biggest mobile operator.

Copyright 2002, Reuters News Service

In message #3772, zo stated "major customers like DT is shifting from SI to ALA, b/c SI lack of products." As evidenced by the above Reuters release, zo's statement is not correct. A case of stretching the facts again!