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 : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Duper who wrote (56866)	11/6/1998 10:17:00 AM
From: Bindusagar Reddy	Read Replies (1) \| Respond to of 61433

StarHub also gave contracts to Ascend Communications Inc. (Nasdaq:ASND - news), Dutch software firm Cap Gemini and Sweden's Ericsson . Lucent wins Singapore telecom contract NEW YORK, Nov 6 (Reuters) - Lucent Technologies Inc. confirmed Friday that it won a contract to supply a transmission and access network to Singapore's StarHub consortium. StarHub is a joint venture between Singapore Technologies Telemedia, Singapore Power, Nippon Telegraph & Telephone Corp. and British Telecommunications Plc (quote from Yahoo! UK & Ireland: BT.L) that plans to invest about $1.5 billion in the next seven to 10 years on telecommunications infrastructure. Contracts handed out Friday represent the initial phase of StarHub's investment. The total value of the contracts handed out to all companies Friday is about $202 million, a Lucent spokeswoman said. She added that at StarHub's request Lucent would not reveal the value of its contract, but said it is a significant portion of the initial-phase work. StarHub also gave contracts to Ascend Communications Inc. (Nasdaq:ASND - news), Dutch software firm Cap Gemini and Sweden's Ericsson . StarHub, which won its licenses when the Singapore government recently deregulated the telecom market, is scheduled to start commercial service in April 2000. Lucent said it hopes it will continue work with StarHub beyond the value of the current contract. ''We are extremely pleased to have been selected by StarHub for this very significant project,'' Michael Butcher, Lucent's chief executive of its Asia/Pacific division, said in a statement. Murray Hill, N.J.-based Lucent has about 1,400 employees in Singapore. More Quotes and News: Ascend Communications Inc (Nasdaq:ASND - news) Lucent Technologies Inc (NYSE:LU - news) Related News Categories: US Market News Help C