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

To: Bosco who wrote (2724)	5/19/1999 8:20:00 AM
From: Chris Stovin	Read Replies (1) \| Respond to of 14638

Attention Business Editors: Nortel Networks to Supply US$86 Million CDMA Digital Wireless Network to Haitel Haiti's Largest Ever Private Investment to Provide Phone Service to 500,000 People MIAMI, May 19 /CNW/ - A new era of telecommunications is about to be forged in Haiti. Haiti Telecommunications International S.A. (Haitel) has selected Nortel Networks (NYSE/TSE: NT) to build a digital wireless fixed and mobile telephone network in Haiti using advanced cdmaOne (IS-95 CDMA) technology. The contract, estimated to be worth US$86 million, represents the largest private investment ever made in the island nation. The Haitel network will have an initial capacity of 60,000 subscribers in the capital of Port-au-Prince, and is expected to grow over the next five years to support up to 500,000 subscribers throughout the country. “This truly marks a new era for Haiti,” said Franck N. Cine, chief executive officer, Haitel. “Those seeking telecommunications services will have access to the most advanced digital technology available anywhere in the world.” “We are investing in the technology to resolve Haiti's inadequate telephone infrastructure,” Cine said, “and hope to reach 500,000 subscribers by 2004, Haiti's 200th year of independence.” “We are excited to be part of this extraordinary investment in infrastructure that will truly benefit the country,” said Dan Hunt, president, Nortel Networks CALA (Caribbean and Latin America). “Haitel's customers will enjoy the benefits of state-of-the-art wireless telephone service within a year.” Haitel, a company comprised of several private investors including MCI Worldcom, was recently granted the right to operate in the 1900 MHz frequency band. Installation of the network began the first quarter of 1999. Haitel will deploy voice switch-based services such as call waiting, caller ID, credit card calling and call forwarding. Nortel Networks will implement a complete CDMA network including Nortel Networks DMS-MTX SuperNode digital mobile switching, base station controllers and CDMA Metro Cell and Minicell base stations. Nortel Networks will also provide network design, engineering, installation, commissioning, operations and maintenance services. Nortel Networks delivers value to customers around the world through Unified Networks solutions, spanning mission-critical telephony and IP-optimized 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' common shares are listed on the New York, Toronto, Montreal, Vancouver, and London stock exchanges. Nortel Networks had 1998 revenues of US$17.6 billion and has approximately 75,000 employees worldwide.  0- 05/19/1999 For further information: Allesandra deSantillana, Nortel Networks, (954) 858-7254, adesanti@nortelnetworks.com; Kelly Norgate, Nortel Networks, (905) 863-6254, kellynor@nortelnetworks.com; Ross Heupel, Nortel Networks, (972) 685-1205, ross.heupel@nortelnetworks.com; Or visit Nortel Networks' website at www.nortelnetworks.com; Archived images on this organization are available through CNW E-Pix at www.newswire.ca. Images are free to members of The Canadian Press. Release sent courtesy of Canada NewsWire Portfolio Email. To update your email portfolio, point your web browser here: portfolio.newswire.ca