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Technology Stocks : Nokia (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: tero kuittinen who wrote (1383)	1/22/1999 12:19:00 PM
From: Mika Kukkanen	Read Replies (1) \| Respond to of 34857

Nokia to supply Synfonet SDH/WDM solutions to Tele2 Europe for Europe-wide backbone network Comment: Fine, but how much is the order worth? (January 22, 1999) - Nokia and Tele2 Europe have signed a major frame agreement for the supply of transmission equipment and related services. Tele2 Europe will build a state-of-the-art backbone transmission network across 12 countries in Europe based on Nokia transmission solutions. Nokia will also supply other transmission equipment, network management and technical support. Deliveries will cover orders in Austria, Belgium, France, Germany, Ireland, Italy, Luxembourg, Portugal, Spain, Switzerland, The Netherlands and the UK. "We are pleased to be able to build our Europe-wide transmission network based on the flexible Nokia Synfonet solutions," says Magnus Mandersson, President and Chief Executive Officer, Tele2 Europe. "With today's increasing capacity requirements, it is important that we can build a transmission network that is easily upgradeable and delivers good traffic handling." "We are particularly pleased to be working with Tele2 Europe, a Europe-wide operator. This is an important agreement as it once again underlines the excellent capabilities of Nokia's transmission solutions, and in particular the flexibility of Nokia Synfonet," comments Vesa Tykkylainen, Vice President, System Marketing and Sales, Fixed Access Systems, Nokia Telecommunications. "The Nokia Synfonet allows operators to build highly cost-efficient transport networks." In November 1998, Nokia and Tele2 Europe signed a purchase agreement for the supply of DX 200 fixed switching equipment, to enable the provision of enhanced fixed ISDN-based network services throughout serveral countries in Europe. Based on a service concept developed by Tele2 in Scandinavia, Tele2 Europe's aim is to provide telecom services including telephony, fax, data and Internet in a number of European countries. Tele2 Europe is a wholly owned subsidiary within Société Européenne de Communication (SEC, based in Luxembourg) and has operations in the Netherlands, Germany and Switzerland, as well as licenses in Italy, Austria, France, UK and Ireland. SEC has been listed on the Stockholm Boersinformation since October 1998 and is also listed on NASDAQ, New York and in Luxembourg. Nokia has developed a comprehensive SDH/WDM solution, the Nokia Synfonet family, for access and transport networks, incorporated under a full network management system. Nokia's SDH technology has been supplied to over 130 customers in more than 30 countries. Nokia is the world's leading mobile phone supplier and a leading supplier of mobile and fixed telecom networks including related customer services. Nokia also supplies solutions and products for fixed and wireless datacom, as well as multimedia terminals and computer monitors. In 1997, net sales totaled FIM 52.6 billion (USD 9.8 billion). Headquartered in Finland, Nokia is listed on five European Stock Exchanges and on the New York Stock Exchange (NOK.A), has sales in 130 countries and employs more than 42,000 people world-wide. Contact information: Ms Arja Suominen, Vice President, Communications Nokia Telecommunications Tel: (Int.) + 358 9 5113 8193 Fax: (Int.) + 358 9 5113 8199 Mr Jean-Claude Bintz, Senior Vice President - External Affairs SEC Tel. (Int.) +352 45 95 45 241 Fax (Int.) +352 45 95 51