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Revolutionizes Wireless Economics with Launch of MIMO-powered
Mobile WiMAX
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BOSTON, Oct. 10 /CNW/ - Demonstrating the company's commitment to
leadership in 4G, Nortel(x) (NYSE/TSX: NT) is dramatically rewriting the
economics of wireless networking with the introduction of its Mobile WiMAX
portfolio.
Nortel unveiled the industry's first end-to-end mobile MIMO-powered WiMAX
solution to deliver 4G Mobile Broadband content - including
Internet-Everywhere, mobile video, VoIP, streaming media, data applications
and mobile electronic commerce.
Through this Nortel innovation, operators will be able to deliver
video-grade content for as little as one-tenth the cost per bit of current 3G
wireless networks. In addition, Nortel's MIMO-based mobile WiMAX can deliver
three times the speed and twice the subscriber capacity with greater range and
building penetration in urban areas compared to non-MIMO WiMAX solutions. This
is designed to provide the lowest total cost of ownership model for operators,
allowing them to deliver new revenue-generating applications with minimal
investment. It also creates opportunity for new entrants to compete in the
wireless content delivery business.
The mobile WiMAX solution will deliver speeds rivaling current home
broadband Internet technologies with much greater efficiency than current
wireless capabilities. Nortel is demonstrating the new solution at the WiMAX
World USA 2006 trade show in Boston, today through to October 12 at booth 323.
The company's end-to-end mobile WiMAX solution, based on the IEEE 802.16e
wireless standard, is built on OFDM-MIMO, which enables greater coverage and
spectral efficiency than other wireless technologies while providing the best
cost of ownership for operators.
"WiMAX is a profoundly disruptive technology. It will change the way
content is delivered, the way users access information and entertainment as
well as the economics of wireless operators. As the first 4G technology
available, WiMAX will transition the consumer experience from today's wireless
connectivity to tomorrow's true mobility - users will be able to replicate
their PC capabilities, such as blogging, video and VoIP, anywhere," said Peter
MacKinnon, Nortel's General Manager of WiMAX and Chairman, LG-Nortel.
Nortel is able to achieve such capabilities because its mobile WiMAX
solution is built on the foundation of OFDM-MIMO, a combination of innovative
transmission and antenna technologies that maximizes spectrum to deliver the
lightning-fast speeds and high bandwidth essential to high-quality mobile
video and TV. The power and performance of Nortel's solution enables operators
to deploy less network infrastructure, providing substantial savings. Nortel
is the only company to provide OFDM-MIMO in its mobile WiMAX solution when
initially available.
"The power of WiMAX for high-bandwidth applications opens a whole new
world of mobility, that provides new capabilities and processes for businesses
and new revenue-generating services for operators," said Godfrey Chua,
research manager, Wireless and Mobile Infrastructure, IDC. "WiMAX has the
potential to revolutionize entertainment, provide communication capabilities
that haven't even been considered yet, and bring the true Internet experience
to the mobile realm."
In addition to introducing the Mobile WiMAX portfolio, Nortel also
announced its collaboration with chipset maker Runcom to fuel the WiMAX
business advantages by delivering MIMO chipsets that will enable the WiMAX
ecosystem of network technologies and devices.
Nortel's WiMAX solutions are being trialed with carriers around the
world, in Asia, Europe and the Americas - and have been deployed by Netago
Wireless with the Special Areas Board of Alberta in Canada and Craig Wireless
in Greece.
Nortel's WiMAX solution offers flexible operations and is designed to
operate in the 1.5, 2.3, 2.5 and 3.5 GHz frequencies. The solution is based on
field-proven, next-generation platforms and leverages the Company's leadership
in supplying carrier wireless solutions, including CDMA, GSM and WCDMA core
technologies. The solution is comprised of new MIMO base station transceivers,
access service network gateways, connectivity services networks, mobile
subscriber stations and network management systems.
Nortel is one of the industry leaders in 4G Mobile Broadband based on its
development of OFDM and MIMO and has been instrumental in driving standards in
IEEE, WiMAX Forum, 3GPP and 3GPP2. The Company developed OFDM-MIMO expertise
over the past eight years and holds key patents in the technology. Nortel is a
member of the WiMAX Forum, an industry-led organization that promotes
interoperability and certification of wireless products for delivery of
faster, more affordable data, voice and video services to business and
consumers.
About Nortel
Nortel is a recognized leader in delivering communications capabilities
that enhance the human experience, ignite and power global commerce, and
secure and protect the world's most critical information. Our next-generation
technologies, for both service providers and enterprises, span access and core
networks, support multimedia and business-critical applications, and help
eliminate today's barriers to efficiency, speed and performance by simplifying
networks and connecting people with information. Nortel does business in more
than 150 countries. For more information, visit Nortel on the Web at
www.nortel.com. For the latest Nortel news, visit www.nortel.com/news.
Certain statements in this press release may contain words such as
"could", "expects", "may", "anticipates", "believes", "intends", "estimates",
"targets", "envisions", "seeks" and other similar language and are considered
forward-looking statements or information under applicable securities
legislation. These statements are based on Nortel's current expectations,
estimates, forecasts and projections about the operating environment,
economies and markets in which Nortel operates. These statements are subject
to important assumptions, risks and uncertainties, which are difficult to
predict and the actual outcome may be materially different. Further, actual
results or events could differ materially from those contemplated in
forward-looking statements as a result of the following (i) risks and
uncertainties relating to Nortel's restatements and related matters including:
Nortel's most recent restatement and two previous restatements of its
financial statements and related events; the negative impact on Nortel and NNL
of their most recent restatement and delay in filing their financial
statements and related periodic reports; legal judgments, fines, penalties or
settlements, or any substantial regulatory fines or other penalties or
sanctions, related to the ongoing regulatory and criminal investigations of
Nortel in the U.S. and Canada; any significant pending civil litigation
actions not encompassed by Nortel's proposed class action settlement; any
substantial cash payment and/or significant dilution of Nortel's existing
equity positions resulting from the finalization and approval of its proposed
class action settlement, or if such proposed class action settlement is not
finalized, any larger settlements or awards of damages in respect of such
class actions; any unsuccessful remediation of Nortel's material weaknesses in
internal control over financial reporting resulting in an inability to report
Nortel's results of operations and financial condition accurately and in a
timely manner; the time required to implement Nortel's remedial measures;
Nortel's inability to access, in its current form, its shelf registration
filed with the United States Securities and Exchange Commission (SEC), and
Nortel's below investment grade credit rating and any further adverse effect
on its credit rating due to Nortel's restatements of its financial statements;
any adverse affect on Nortel's business and market price of its publicly
traded securities arising from continuing negative publicity related to
Nortel's restatements; Nortel's potential inability to attract or retain the
personnel necessary to achieve its business objectives; any breach by Nortel
of the continued listing requirements of the NYSE or TSX causing the NYSE
and/or the TSX to commence suspension or delisting procedures; (ii) risks and
uncertainties relating to Nortel's business including: yearly and quarterly
fluctuations of Nortel's operating results; reduced demand and pricing
pressures for its products due to global economic conditions, significant
competition, competitive pricing practice, cautious capital spending by
customers, increased industry consolidation, rapidly changing technologies,
evolving industry standards, frequent new product introductions and short
product life cycles, and other trends and industry characteristics affecting
the telecommunications industry; the sufficiency of recently announced
restructuring actions, including the potential for higher actual costs to be
incurred in connection with these restructuring actions compared to the
estimated costs of such actions and the ability to achieve the targeted cost
savings and reductions of Nortel's unfunded pension liability deficit; any
material and adverse affects on Nortel's performance if its expectations
regarding market demand for particular products prove to be wrong or because
of certain barriers in its efforts to expand internationally; any reduction in
Nortel's operating results and any related volatility in the market price of
its publicly traded securities arising from any decline in its gross margin,
or fluctuations in foreign currency exchange rates; any negative developments
associated with Nortel's supply contract and contract manufacturing agreements
including as a result of using a sole supplier for key optical networking
solutions components, and any defects or errors in Nortel's current or planned
products; any negative impact to Nortel of its failure to achieve its business
transformation objectives; additional valuation allowances for all or a
portion of its deferred tax assets; Nortel's failure to protect its
intellectual property rights, or any adverse judgments or settlements arising
out of disputes regarding intellectual property; changes in regulation of the
Internet and/or other aspects of the industry; Nortel's failure to
successfully operate or integrate its strategic acquisitions, or failure to
consummate or succeed with its strategic alliances; any negative effect of
Nortel's failure to evolve adequately its financial and managerial control and
reporting systems and processes, manage and grow its business, or create an
effective risk management strategy; and (iii) risks and uncertainties relating
to Nortel's liquidity, financing arrangements and capital including: the
impact of Nortel's most recent restatement and two previous restatements of
its financial statements; any inability of Nortel to manage cash flow
fluctuations to fund working capital requirements or achieve its business
objectives in a timely manner or obtain additional sources of funding; high
levels of debt, limitations on Nortel capitalizing on business opportunities
because of credit facility covenants, or on obtaining additional secured debt
pursuant to the provisions of indentures governing certain of Nortel's public
debt issues and the provisions of its credit facilities; any increase of
restricted cash requirements for Nortel if it is unable to secure alternative
support for obligations arising from certain normal course business
activities, or any inability of Nortel's subsidiaries to provide it with
sufficient funding; any negative effect to Nortel of the need to make larger
defined benefit plans contributions in the future or exposure to customer
credit risks or inability of customers to fulfill payment obligations under
customer financing arrangements; any negative impact on Nortel's ability to
make future acquisitions, raise capital, issue debt and retain employees
arising from stock price volatility and further declines in the market price
of Nortel's publicly traded securities, or any future share consolidation
resulting in a lower total market capitalization or adverse effect on the
liquidity of Nortel's common shares. For additional information with respect
to certain of these and other factors, see Nortel's Annual Report on
Form10-K/A, Quarterly Report on Form 10-Q and other securities filings with
the SEC. Unless otherwise required by applicable securities laws, Nortel
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
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