MOSCOW, Oct. 10 /CNW/ - Nortel(x) (NYSE/TSX:NT) is providing Golden
Telecom, a leading Russian operator of integrated telecommunications services,
with a solution for launching a mobile WiMAX field trial in Moscow based on
Nortel 4G technology.
The Moscow trial is one of the steps in Golden Telecom's strategy aimed
at satisfying the growing demand from private and corporate customers in
Russia for anywhere, anytime Internet access and fast mobile communications
services such as VoIP, email and multimedia applications.
"Mobile WiMAX is at the forefront of next-generation mobility," said
Sorin Lupu, president Eastern Europe, Nortel. "Advanced OFDM-MIMO will be the
foundation for all future wireless technologies and - in a short number of
years - I'm sure we'll find that all computers, PDAs and other mobile consumer
devices will be wireless-enabled. In the short term, Golden Telecom's mobile
WiMAX trial is a significant step towards providing Moscow's citizens with
'always on' communications available when and where they want them, through
whatever device. And, in the longer term the experience from the Moscow trial
and implementation can be used to speed delivery of mobile WiMAX into other
cities where Golden Telecom has a presence."
Mobile WiMAX is an efficient solution for metropolitan areas such as
Moscow where the population density of more than 9,000 per square kilometer
makes it cost-efficient to install WiMAX base stations and equipment where
each base station can potentially handle hundreds, even thousands of users.
Mobile WiMAX based on 802.16-2005 standard is currently defined by WiMAX
Forum in the 1.5, 2.3, 2.5, and 3.5GHz frequency band profiles with more
expected to come, and can deliver speeds of 1-10 mbps and higher. The Nortel
Golden Telecom trial will provide a connection speed range of between 1 Mbps
and 25 Mbps for each user which means extremely fast, in seconds rather than
minutes, content downloads. Golden Telecom decided to trial the Nortel
solution because of Nortel's advanced MIMO antenna technology which is capable
of making the most efficient use of available spectrum, boosting throughput,
significantly reducing operating costs and enabling a better user experience.
Nortel is one of the industry leaders in 4G Mobile Broadband based on its
development of OFDM and MIMO. Nortel has been instrumental in driving
standards in IEEE, WiMAX Forum, 3GPP and 3GPP2 with major contributions.
Nortel 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 "Golden Telecom" (www.goldentelecom.com):
"Golden Telecom, Inc." (NASDAQ: "GLDN") is a leading facilities-based
provider of integrated telecommunications and Internet services in major
population centers throughout Russia and other countries of the Commonwealth
of Independent States ("CIS"). The Company offers voice, data and Internet
services to corporations, operators and consumers using its overlay network in
major cities including Moscow, Kiev, St. Petersburg, Nizhniy Novgorod, Samara,
Kaliningrad, Krasnoyarsk, Alma-Ata, and Tashkent, and via intercity fiber
optic and satellite-based networks, including approximately 287 combined
access points in Russia and other countries of the CIS. The Company offers
cellular communication services in Kiev and Odessa.
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 Form
10-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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