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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?


To: Anthony Tsai who wrote (8214)12/11/1997 1:55:00 PM
From: SteveG  Read Replies (2) | Respond to of 21342
 
<Westell and Lucent in a supervision marketing agreement.>

Interesting. Just the Bloomberg one-liner at 13:37. Anyone hear/know any further details? billc?

On another front:

Telecom Cos. In Pact To Build China-U.S. Undersea Cable

WASHINGTON, D.C. (Dow Jones)--A group of international telecommunications companies signed a construction and maintenance agreement valued at $1.1 billion to build the first undersea telecommunications cable linking China and the U.S.

In a press release Thursday, the companies, which include AT&T Corp. (T), MCI Communications Corp. (MCIC) and Sprint Corp. (FON) will build network and each member will hold an equal stake and joint financial responsibility for network oversight, maintenance and administration.

The companies said nine landing stations are planned for the network, which will have 967,680 circuits and a capacity of 80 gigabits per second, or enough to simultaneously carry 4 million phone calls.

The initial parties also signed a supply contract with Alcatel Submarine Networks, Fujitsu Ltd., KKD Submarine Cable Systems, NEC Corp. and Tyco Submarine Systems Ltd. to build the network.

"Dow Jones News Service"
"Copyright(c) 1997, Dow Jones & Company, Inc."