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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: foundation who wrote (20228)	3/12/2002 8:49:40 AM
From: foundation	Respond to of 196668

Telefonica Moviles Selects Nortel Networks for German, Spanish UMTS Networks MADRID, Spain--(BUSINESS WIRE)--March 12, 2002--Telefonica Moviles SA, one of the world's largest wireless operators, has selected Nortel Networks (NYSE:NT - news; TSE:NT. - news) to supply radio access equipment for build out of its third generation (3G) Universal Mobile Telecommunications System (UMTS) networks in Spain and Germany. The combined award, which is subject to execution of definitive agreements, is estimated to be worth approximately US$250 million (Euro 285 million) over three years, with network rollout scheduled to commence in the second half of 2002. Nortel Networks expects to provide financing up to approximately US$230 million (Euro 260 million) in connection with the award. This award will further strengthen Nortel Networks global leadership position in wireless networks. Nortel Networks is also a leading provider of 3G networks in Europe, and particularly in Iberia, the first region in Europe expected to implement live 3G networks. Nortel Networks has announced six UMTS awards in Iberia. Nortel Networks expects to provide Telefonica Moviles with radio infrastructure equipment in Spain, including Nortel Networks Internet Base Transceiver Station (BTS), and a full turnkey UTRAN (radio access) solution in Germany encompassing site acquisition, installation, commissioning, engineering and provisioning for more than 1,000 base stations. ``The continued success of Nortel Networks in securing these vital UMTS awards follows the recent (US)$500 million award from Cingular Wireless and further demonstrates our leadership position in supplying next generation wireless networks,'' said Pascal Debon, president, Wireless Networks, Nortel Networks. ``We will work closely with Telefonica Moviles to ensure they benefit from our in-depth global experience in deploying and optimizing large networks based on code division technology.'' Nortel Networks has already supplied Telefonica Moviles Espana with a nationwide ATM packet network to enable transition from traditional, circuit-based switching to state-of-the-art, packet-based switching, a key technology for supporting GPRS, third generation UMTS, and Wireless Internet services. Telefonica Moviles operates in Germany through its subsidiary, QUAM. biz.yahoo.com ========== As the dust clears, will European carriers prefer legitimate cdma vendors for UMTS networks? (Especially if vendors pay for the pleasure?) <g>