Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: DiViT who wrote (36895)	10/25/1998 11:18:00 AM
From: John Rieman	Respond to of 50808

This is tough competition for Divicom! Lucent make a $2 billion loan for sales..................................... multichannel.com WinStar, which provides fixed point-to-point broadband services to over 10,000 business customers in 27 U.S. cities, will be able to tap up to $2 billion in capital funding from Lucent as part of an expansion program targeting some 100 cities worldwide with point-to-multipoint as well as point-to-point services over the next five years, officials said. "WIth Lucent's network knowledge behind us, we're positioned to be the first competitive carrier to create a nearly ubiquitous end-to-end broadband network in the top 100 world markets," said William Rouhana, chairman and CEO of WinStar. The $2-billion funding agreement, to be tapped in $500 million increments and complemented by a $500-million capital reserve WinStar has already amassed, calls for Lucent to be the integrator and primary equipment supplier, with WinStar reserving final say in network design, Rouhana said. Lucent will supply gear such as its new generation of multiprotocol "AnyMedia" class 5 switches, digital loop carrier and IP (Internet protocol) access systems, remote access concentrators and the 80-wavelength DWDM (dense wavelength division multiplexing) "WaveStar" fiber optic system. The latter will be used in linking wireless transmitter hubs at the regional level as well as central offices across the U.S. and elsewhere. Sources said Lucent has agreed to select "best of breed" equipment in other areas, including the all-important radio technology to be used in the new point-to-multipoint deployments, now slated to get underway commercially by year's end following nearly a year of testing over a hub array in Washington, D.C.