Lucent Technologies Strikes Deal Valued at Approximately $500 Million for Bell Atlantic's State-Of-The-Art Data Network
PR Newswire - March 30, 1998 14:41
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Delivers DWDM, Network Management Software and SONET Equipment
MURRAY HILL, N.J., March 30 /PRNewswire/ -- Lucent Technologies (NYSE: LU) today announced a five-year agreement with Bell Atlantic (NYSE: BEL) valued at approximately $500 million for optical networking, including dense wave division multiplexing (DWDM), network management software and SONET transmission equipment. Lucent's solution will help Bell Atlantic's local telephone companies carry traffic across a state-of-the-art data communications network. Lucent's contract is part of Bell Atlantic's project announced today to accelerate deployment of a next-generation broadband data network. Lucent's equipment will help Bell Atlantic companies offer bandwidth-intensive services ranging from high-speed Internet access, data storage and video conferencing. In addition, Bell Atlantic Network Services, Inc. will use Lucent's software to manage equipment from multiple vendors within the carrier's next-generation network. "Bell Atlantic is aggressively investing in the modernization of its network, using Lucent's high-capacity, optical networking products that can grow to meet our customers' communications needs for the future," said Lawrence Babbio, president and CEO, Bell Atlantic Network Group, and chairman, Global Wireless Group. "We chose Lucent to deliver a complete, totally flexible and cost-effective solution to meet our data networking requirements." This agreement builds on Lucent's existing business with Bell Atlantic Network Services, Inc. that covers SONET and other areas of the carrier's network including switching and access systems. "As a carrier that's consistently pursuing better ways of providing the most sophisticated data, voice and video services to its customers, Bell Atlantic is primed to deliver a network that has uncompromising speed, reliability and state-of-the-art technology," said Carly Fiorina, group president for Lucent's Global Service Provider business. "Lucent is proud to help Bell Atlantic realize significant cost savings and increased capacity over a fully integrated network, by offering pay-as-you-grow optical networking, SONET and software solutions. Today's announcement is further proof that Lucent is enabling its customers to redefine their networks for the future." Under the agreement, Lucent will deliver its high-capacity WaveStar(TM) optical networking system that lets carriers combine and transport 16 channels, or wavelengths, of information end to end over a single fiber. Lucent's WaveStar system is easily upgradeable to grow as demand for capacity dictates, delivering up to 80 optical channels over one fiber. As announced in January, Lucent introduced the industry's first 80-channel, 400 gigabits per second (Gb/s) DWDM system. Called the WaveStar OLS 400G, Lucent's 80-channel optical system is the first to support a mix of SONET rate input at 2.5 or 10 Gb/s, from different vendors, giving carriers added flexibility in managing their network traffic. Lucent's network management software will also be delivered to Bell Atlantic, enabling the carrier to efficiently provision and maintain its data network. This element management system optimizes bandwidth as well as reduces the time required to turn up service for customers, helping Bell Atlantic add customers to its network more quickly. Under the terms of the agreement, Lucent will also provide SONET transmission equipment covering multiple signal rates (OC-1, OC-3, OC-12, OC-48 and OC-192). Lucent's SONET systems gather and manage voice and data signals from network central offices, converting them to higher speed signals for transmission. Additionally, Bell Atlantic has the option of using Lucent's new WaveStar BandWidth Manager. Unveiled in March, this revolutionary network bandwidth management system is capable of routing all the traffic being handled by today's largest telephone central offices and saves carriers up to 60 percent in equipment costs. Lucent is a leading provider of optical networking and SONET equipment under its WaveStar product family, which includes breakthrough capabilities in DWDM technology. The company has delivered more than 1,100 DWDM systems, with 16-channel systems being delivered to major customers around the world, and maintains the largest deployment of any optical networking vendor. Lucent Technologies, headquartered in Murray Hill, New Jersey, designs, builds and delivers a wide range of public and private networks, communications systems and software, data networking systems, business telephone systems and microelectronics components. Bell Laboratories is the research and development arm for the company. For more information on Lucent Technologies, visit the company's web site at lucent.com.
SOURCE Lucent Technologies /CONTACT: Paula Horii, 908-582-5522 - office, or 908-301-0344 - home, or phorii@lucent.com, or Loren Talley, 908-559-6417 - office, or 888-520-7338 - pager, or ltalley@lucent.com, both of Lucent/ /Web site: lucent.com (LU BEL)
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