Business
Verizon Wireless Awards Nortel an Expected US$2B Supply Deal
Verizon Wireless Awards Nortel an Expected US$2B Supply Deal.
About this update from Newterra Resources, Inc.
[{"type":"text","content":"\n\n\n\nBuilding Network for Mobile Multimedia and Data Growth\n\n\nwww.nortel.com www.verizonwireless.com\n\n\nBASKING RIDGE, N.J. and TORONTO, Dec. 19 /CNW/ - Nortel(x) (NYSE/TSX: NT)\nand Verizon Wireless, the nation's leading wireless service provider, have\nsigned an expected five-year, US$2 billion agreement for Nortel equipment and\nservices that will contribute to continued improvements and expansion of\nVerizon Wireless' network.\n\n\nThe planned Verizon Wireless network expansion comes as business and\nconsumer adoption of services that utilize broadband networks - such as the\ncompany's V CAST video and music services and BroadbandAccess high-speed\nInternet and e-mail offering - are resonating in the marketplace. With data\nservices accounting for 14 percent of Verizon Wireless' revenue from its\nnearly 57 million customers in the third quarter of 2006, Nortel's support\nwill be instrumental as Verizon Wireless builds upon its lead in network\nquality and reach in the U.S.\n\n\n\"The popularity of Internet services like user-generated videos, online\ngaming, music and video is driving an explosion in bandwidth demand,\" said\nRichard Lowe, president, Mobility and Converged Core Networks, Nortel.\n\"Consumers expect more from their mobile devices than voice communication and\ntext-messaging. Nortel is making it simple for Verizon Wireless to expand its\nnetwork to meet this demand and to competitively drive new services to market\nthat their customers will enjoy.\"\n\n\n\"This expansion underscores our focus on investing in innovative\ntechnology and leveraging long-term, strategic relationships with leaders like\nNortel to continually enhance our subscribers' mobile communication\nexperience,\" said Ed Salas, network planning vice president, Verizon Wireless.\n\"This means true mobility for our customers, allowing them to take their PC\nexperience with them wherever they go and enjoy things like V CAST Music,\nV CAST video, great mobile games and high-speed file transfers on the nation's\nbest wireless network.\"\n\n\nUnder this agreement, Verizon Wireless plans to deploy additional\nCDMA2000 radio base stations, switching, IP platforms, optical networking\nsolutions and related equipment with the help of professional services from\nNortel. In addition, this agreement builds on the contract announced in July\n2006, w...