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

To: Freeflight who wrote (2606)	5/5/1999 12:48:00 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

Nortel is already signing contracts with carriers for the sale/purchase of 160 channel DWDM technology. COLT's state-of-the-art-network will deploy the most modern optical networking technology from Nortel and Corning. infoseek.go.com COLT Builds State-of-the-Art Pan-European Network 09:50 a.m. May 05, 1999 Eastern LONDON, May 5 /PRNewswire/ -- COLT Telecom Group plc (COLT) (Nasdaq: COLTY; London: CTM.L) today announced the details of the technology it will deploy in its 5,400 kilometre pan-European inter-city network planned to be in service in mid-2000. COLT's state-of-the-art-network will deploy the most modern optical networking technology from Nortel and Corning. A Nortel Dense Wavelength Division Multiplex (DWDM) system will carry multiple 'colours' of light, each operating at very high capacities, between COLT's multi-country local networks. COLT has also selected Corning to supply the latest fibre technology -- its LEAF(R) fibre further optimises the capabilities of the COLT network by permitting longer distances between repeaters and more wavelengths than conventional fibres resulting in improved quality and reduced cost. Commenting on this latest development in COLT's European expansion plans COLT Chief Operating Officer, Peter Manning said: "COLT's pan-European network will be one of the most modern networks in the world. Using the most up-to-date technologies we are building an IP-based network meeting customer needs for high quality IP, data and Internet services across Europe." About DWDM Dense Wavelength Division Multiplex (DWDM) systems carry multiple wavelengths of high capacity transport networks over long distances without the need for intermediate regeneration of signals at the electrical level. This combination of high capacity, long distance and all optical working makes DWDM the obvious building block for the IP networks of the immediate future permitting transport of virtually any speed system and any protocol. Nortel's DWDM system will initially be deployed by COLT with a 32 wavelength capacity per fibre -- each at 10 Gbit/s giving a capacity per fibre of 320 Gbit/s today. Nortel have contracted with COLT for the expansion of the system to 160 wavelengths giving a capability of 1.6 Tbit/s per fibre. About LEAF Corning's LEAF fibre is a development of the Non Zero Dispersion Shifted Fibre that has been used for long distance networks for the past few years. It offers significant advantages in terms of its ability to support systems with multiple wavelengths and long distances. These advantages are gained through use of a large effective area for the core of the fibre and by reduction of the non-linear effects of the fibre. LEAF facilitates expansion from the wavelengths used today 'C-band' (1530-1565nm) into the long wavelengths of the future 'L-band'(1565-1625nm). About COLT COLT Telecom Group plc (COLT) is a leading provider of telecommunications services to corporate and carrier customers in Europe. It currently has operations in thirteen European cities in eight countries and plans to be providing service in 24-26 cities by the end of 2000. During the year ended December 1998 COLT more than doubled its turnover to 215 million British Pounds Sterling and carried over 3.4 billion switched minutes of traffic. At 31 December 1998 it had installed 1,200 route kilometres of fibre; provided over 1.5 million private wire voice grade equivalents; had 2,191 buildings connected to its networks; and served 2,217 directly connected customer accounts. COLT Telecom Group plc is listed on the London Stock Exchange (CTM.L) and Nasdaq (COLTY) in the USA. About Nortel Networks Nortel Networks delivers value to customers around the world through Unified Networks solutions, spanning mission-critical telephony and IP-optimised networks. Customers include public and private enterprises and institutions; Internet service providers; local, long-distance, cellular and PCS communications companies; cable television carriers and utilities. Nortel Networks had 1998 revenues of US$17.6 billion and has approximately 75,000 employees worldwide. About Corning Established in 1851, Corning Incorporated creates leading-edge technologies for the fastest growing segments of the world's economy. For communications and communications related industries, Corning manufactures optical fibre, optical networking components, high-performance glass components for television and other electric displays and equipment, and advanced materials for scientific and environmental markets. Corning's total revenues in 1998 were US$3.5 billion. SOURCE COLT Telecom Group plc