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

To: P2V who wrote (434)	4/20/1998 8:17:00 PM
From: w2j2	Respond to of 14638

DALLAS -(Dow Jones)- Northern Telecom Ltd. said Tuesday it has received a contract worth more than $400 million over four years to build new digital wireless networks, based on the TDMA and CDMA standards, for U.S. Cellular Corp. Northern Telecom (NT) said Milwaukee will be first of the new U.S. Cellular markets to gain the benefits of digital wireless technology, with commercial service scheduled to be available later this year. The Milwaukee network will use IS-136 time division multiple access, or TDMA, technology. The company noted that U.S. Cellular currently offers code division multiple access, or CDMA, service in Knoxville, Tenn., and Yakima, Wash. Digital technology decisions for other cities will be made on a market-by-market basis, it noted. U.S. Cellular (USM), based in Chicago, manages and invests in cellular systems throughout the U.S. Northern Telecom, of Brampton, Ont., provides telecommunications equipment. Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.

To: P2V who wrote (434)	4/20/1998 8:18:00 PM
From: w2j2	Respond to of 14638

NEW YORK -(Dow Jones)- Northern Telecom Ltd. said Thursday it received a $122 million contract from Bouygues SA's Bouygues Telecom unit to supply radio equipment for the fourth-phase expansion of the French company's GSM 1800 network. Northern Telecom (NT) said it will increase network capacity in Paris and provide and install several hundred radio sites in France's Auvergne, Champagne-Morvan and Corsica regions. Including the new contract, Northern Telecom has supplied Bouygues with about $350 million in equipment. Northern Telecom, based in Brampton, Ontario, makes telecommunications equipment. Bouygues is a French-based conglomerate whose businesses include mobile communications and television. For the year ended Dec. 31, 1997, Northern Telecom had revenue of $15.45 billion. Copyright (c) 1998 Dow Jones & Company, Inc.

To: P2V who wrote (434)	4/20/1998 8:19:00 PM
From: w2j2	Respond to of 14638

LONDON -- Several electric utilities in Europe and Asia have agreed to test a pathbreaking technique to transmit Internet service over regular electricity lines, a move that could push the technology toward commercial application. Northern Telecom Ltd. of Canada and United Utilities PLC of Britain, co-developers of the technique, have signed commercial agreements with six to 10 utilities, including German giant RWE, Singapore Power and others in Scandinavia, according to people familiar with the situation. These utilities will conduct trials in scores of homes and small businesses. If things go well, and the costs aren't prohibitive, they could launch the service next year. Nortel and United Utilities have also agreed to set up a joint company, Nor.Web, to commercially develop and market the new technology, people familiar with the plans said. The companies are expected to make their announcement in London Wednesday. Nortel and Norweb Communications, the latter a unit of United Utilities, caused a stir in October when they said they had discovered a way to transmit Internet and data services over electricity cables at 10 times the current speed.

To: P2V who wrote (434)	4/20/1998 8:20:00 PM
From: w2j2	Respond to of 14638

HONG KONG -(Dow Jones)- Northern Telecom Ltd. on Wednesday announced that it has been awarded a $61 million contract to expand a digital cellular network in China's Hebei province. Ontario-based Nortel (NT), which supplied earlier phases of the network, said it will expand the Hebei network into five cities, increasing capacity to more than 600,000 subscribers. Completion is expected in third quarter 1998. Nortel reported revenue of $15.5 billion in 1997.

To: P2V who wrote (434)	4/20/1998 8:21:00 PM
From: w2j2	Respond to of 14638

NEW YORK -(Dow Jones)- Canadian telecommunications-equipment maker Northern Telecom Ltd. Tuesday said agreed to buy a 20% stake in Avici Systems Inc., a Chelmsford, Mass.-based developer of high-speed Internet switching equipment. Terms of the deal weren't disclosed. The companies said they plan to work together to offer comprehensive products and services to Internet carriers. Nortel said the agreement will enable it to incorporate Avici's terabit switch/router technology into its designs. One terabit equals one trillion bits of data. The networking industry is rapidly moving from router technology to switching technologies and products like those made by Avici are seen as the next generation of products for Internet-service providers. The deal comes a month after Nortel said it agreed to acquire data-networking startup firm Aptis Communications Inc., which is also based in Chelmsford, Mass., for about $290 million worth of stock and cash. Nortel, which is based in Brampton, Ontario, and is 51.2%-owned by Canadian telecom giant BCE Inc., didn't say whether Avici and Aptis are linked. The deals were likely spurred by the rapid convergence of the voice and data networking industries. Companies in both industries are stockpiling promising technology and forming key alliances to develop gear that can handle voice, video and data simultaneously. Lucent Technologies, NorTel's archrival in telecom equipment, has been very active in recent months. Aptis makes remote-access and other switching gear that helps computer users connect to Internet service providers and corporate networks. Nortel Tuesday also said it has created an Optical Networks unit to better organize its fiber-optics business "This integrated business focus will allow us to accelerate the speed-to-market and success of our customers as they implement IP-optimized networks and a full range of new applications," said Nortel. Nortel claims its equipment already carries more than 70% of all Internet-backbone traffic in North America. Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.