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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Diamond Jim who wrote (7985)	5/23/1999 8:46:00 PM
From: Bindusagar Reddy	Read Replies (2) \| Respond to of 21876

LUCENT SELECTED FOR NETWORK GSM EXPANSION IN TAIWAN. 06/01/1999 Worldwide Telecom Copyright 1999 Information Access Company. All rights reserved. Two years after being awarded the initial network supply contract for Taiwan's KG Telecom, Lucent Technologies (NYSE: LU ) has again been selected for a major expansion of KG Telecom's existing network. Under a contract valued at around US$150 million, Lucent Technologies will substantially increase KG Telecom's Global System for Mobile Communications (GSM) subscriber capacity. Under the agreement, Lucent Technologies will supply and install its latest-generation GSM network products consisting of mobile switching centers, base stations and controllers, and micro cells, the latest compact, light in weight, robust, easily installed and maintained base transceiver station. The expanded networks will provide KG Telecom and its customers a platform where advanced features such as General Packet Radio Service (GPRS) for wireless data capability and Third Generation wireless technology migration can be easily deployed. As a total solutions network supplier, Lucent Technologies will also provide software-based network operation and management systems, and professional services to KG Telecom's network originally built by Lucent in April 1997. "KG Telecom is committed to bringing its customers the best network with the best services, " said Leslie Koo, chairman of KG Telecom. "This network expansion agreement with Lucent Technologies further attests our commitment. It also brings our partnership with Lucent beyond a simple vendor-customer relationship towards a long-term and lasting partnership." Mike Butcher, president of Lucent Technologies Asia/Pacific said, "Taiwan has enjoyed a tremendous cellular growth over the past year, which is very significant for the Asia/Pacific region. Lucent Technologies is pleased to be in partnership with KG Telecom in building a mobile network designed to take Taiwan into the new millennium." Jason Chi, president of Lucent Technologies Taiwan said, "Our partnership with KG Telecom underscores our commitment to the Taiwan market place. Lucent Technologies has been a partner with KG Telecom since its inception. This expansion agreement further solidifies the excellent partnership our two organizations have formed." Jimmy Yau, president of KG Telecom added, "The partnership that Lucent and KG Telecom have formed is further strengthened. This partnership will ensure that KG Telecom will be the number one cellular operator in Taiwan by offering our customers the most sophisticated and advanced capabilities." Lucent Technologies is a leading provider of wireless infrastructure equipment based on the major wireless standards available in the market today - GSM, CDMA (code division multiple access), TDMA (time division multiple access) and AMPS (advance mobile phone service). It supplies mobile and fixed wireless communications systems that offer service providers and telecom operators around the world standards-based solutions for serving the information needs of consumers and enterprises. It also enables them to provide the highest quality of service, unique and advanced capabilities to their mobile users. Lucent Technologies Taiwan has two operations employing more than 1,100 people in Taipei, Hsinchu, Tiachung and Kaoshiung. It offers a wide array of products including: switching, transmission, wireless network systems, data communication products, communications software, business communications systems and microelectronic components. More than 7 million of Lucent's 5ESS® switching terminations have been installed in Taiwan, making it one of the largest switching deployment base outside of the US. Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs, builds and delivers a wide range of public and private networks, communications systems and software, data networking systems, business telephone systems and microelectronic components. Bell Laboratories is the research and development arm for the company. For more information on Lucent Technologies, visit its Web site at lucent.com For more information, call 908/559-3017. Copyright © 1999 Dow Jones & Company, Inc. All Rights Reserved.