12/15/2004
12/14/2004
BSNL Selects Nortel to Grow Nationwide GSM/GPRS Wireless Network
BSNL Selects Nortel to Grow Nationwide GSM/GPRS Wireless Network
Tuesday December 14, 5:09 pm ET
US$500 Million Contract Focuses on Network Expansion, Enhancement in East, South Zones Using World Class Solutions from Nortel
NEW DELHI, India--(BUSINESS WIRE)--Dec. 14, 2004-- Bharat Sanchar Nigam Limited (BSNL), the largest telecommunications company in India, has awarded Nortel (NYSE:NT - News; TSX:NT - News) a contract estimated at approximately US$500 million to expand BSNL's GSM/GPRS digital wireless network in the East and South zones of India. This expansion, part of a larger nationwide project, is expected to be completed in the first half of 2005.
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"Nortel is a world leader in providing solutions that enhance the human experience and power global commerce," said Bill Owens, president and chief executive officer, Nortel. "We are very pleased to have been selected, and proud of the profound impact our solutions will have on the BSNL customer experience and of our contribution to the increasing growth and sophistication of the telecommunications industry in India."
"Delivering on our commitment to expand our presence in Asia, this contract further establishes Nortel as a significant wireless player in the dynamic and growing India market, in addition to our already important position in the optical and enterprise segments," said John Giamatteo, president, Asia Pacific, Nortel. "This award and strategic footprint will position us extremely well to capitalize on India's significant future growth for our long-term benefit."
India is among the fastest growing telecommunications markets in the world. In this country of over one billion people, teledensity now stands at approximately eight percent, or more than 86 million people with telephones. This figure is expected to grow to 15 percent by 2010, according to Telecom Regulatory Authority of India (TRAI).
"Nortel's wireless technology is expected to play an important role in helping us achieve our objective of becoming the leading telecommunications company in India and our vision of bringing advanced communications services to millions across India," said Mr. A.K. Sinha, chairman and managing director, BSNL.
Under the award, Nortel will deploy an end-to-end GSM (Global System for Mobile Communications) and GPRS (General Packet Radio Service) solution -- including GSM radio base stations, mobile switching centres (MSCs), intelligent networks (IN) and other related equipment -- to provide wireless voice and data services with carrier-grade network reliability. Demonstrating Nortel's leadership position across core and access, this network solution will be characterized by high security, exceptional radio performance and advanced wireless voice and data features.
This contract is an important strategic investment that provides footprint in India. Commitments to date against the contract represent the majority of the investment and are expected to result in an approximately $0.03 per share cost impact to Nortel's third quarter in 2004.
"We are delighted that Nortel has been awarded the contract for rolling out seven million cellular mobile lines in the South and East zones," said Mr. N.K. Mangla, director (Commercial and Marketing), BSNL. "I am confident that their global expertise and their technology innovation will help position BSNL in meeting the ever growing demand in this competitive environment."
"This being the largest tender in the world for the expansion of cellular services in India, with the intention of connecting India to mobility, we welcome Nortel to join us in this project for a long-term relationship and to help us in providing state-of-the-art technology for our esteemed customers," said Mr. S.D. Saxena, director (Finance), BSNL.
Nortel has designed, installed and launched more than 300 wireless networks in more than 50 countries worldwide. Nortel infrastructure is designed to provide future-proof platforms for seamless migration to third generation (3G) mobile services. Nortel was the industry's first supplier with wireless data networks operating in all advanced radio technologies -- GSM/GPRS/EDGE, CDMA2000 1X and 1xEV-DO, UMTS and WLAN -- and is the only end-to-end provider of all next generation wireless solutions.
About BSNL
Bharat Sanchar Nigam Limited (BSNL) was formed on October 1, 2000 when, in one of the landmark events in the history of telecommunications in India, the Government's Department of Telecom Operations became a corporation. Today, BSNL has a network of over 45 million lines covering 5,000 towns with over 43.5 million telephone connections. More information on BSNL is available on the Web at www.bsnl.co.in.
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. Serving both service provider and enterprise customers, Nortel delivers innovative technology solutions encompassing end-to-end broadband, Voice over IP, multimedia services and applications, and wireless broadband designed to help people solve the world's greatest challenges. 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 information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events.
Factors which could cause results or events to differ from current expectations include, among other things: the outcome of Nortel's independent review and planned restatement or revisions of its previously announced or filed financial results; the resolution of the accounting issues announced on November 11, 2004, including the outcome of discussions with the United States Securities and Exchange Commission (SEC); the impact of the management changes announced on April 28, 2004 and August 19, 2004; the impact of the inability to meet Nortel's filing obligations on support facilities and public debt obligations; any potential delisting or suspension of the Company's or NNL's securities; the adverse resolution of litigation, investigations, intellectual property disputes and similar matters; the sufficiency of Nortel's restructuring activities, including the work plan announced on August 19, 2004 as updated on September 30, 2004, including the potential for higher actual costs to be incurred in connection with restructuring actions compared to the estimated costs of such actions; cautious or reduced spending by Nortel's customers; fluctuations in Nortel's operating results and general industry, economic and market conditions and growth rates; the communication by Nortel's auditors of the existence of material weaknesses in internal controls; Nortel's ability to recruit and retain qualified employees; fluctuations in Nortel's cash flow, level of outstanding debt and current debt ratings; the use of cash collateral to support Nortel's normal course business activities; the dependence on Nortel's subsidiaries for funding; the impact of Nortel's defined benefit plans and deferred tax assets on results of operations and Nortel's cash flows; Nortel's dependence on new product development and its ability to predict market demand for particular products; Nortel's ability to integrate the operations and technologies of acquired businesses in an effective manner; the impact of rapid technological and market change; the impact of price and product competition; barriers to international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; the impact of rationalization in the telecommunications industry; changes in regulation of the Internet; the impact of the credit risks of Nortel's customers and the impact of customer financing and commitments; stock market volatility generally and as a result of acceleration of the settlement date or early settlement of Nortel's purchase contracts; the impact of Nortel's supply and outsourcing contracts that contain delivery and installation provisions, which, if not met, could result in the payment of substantial penalties or liquidated damages; and the future success of Nortel's strategic alliances.
For additional information with respect to certain of these and other factors, see the most recent Form 10-Q/A and Form 10-K/A filed by Nortel 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.
Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks.
--------------------------------------------------------------------------------
Contact:
Nortel
Germana Chan, (852) 2100 4375
germana@nortelnetworks.com
or
Jay Barta, 972-685-2381
jbarta@nortelnetworks.com
or
Tina Warren, 905-863-4702
tinawarr@nortelnetworks.com
--------------------------------------------------------------------------------
Source: Nortel
Nortel Provides Estimated Unaudited Results for Q1, Q2 and Q3 2004 and Years 2001, 2002 and 2003
Nortel Networks Declares Preferred Share Dividends
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Tuesday December 14, 5:09 pm ET
US$500 Million Contract Focuses on Network Expansion, Enhancement in East, South Zones Using World Class Solutions from Nortel
NEW DELHI, India--(BUSINESS WIRE)--Dec. 14, 2004-- Bharat Sanchar Nigam Limited (BSNL), the largest telecommunications company in India, has awarded Nortel (NYSE:NT - News; TSX:NT - News) a contract estimated at approximately US$500 million to expand BSNL's GSM/GPRS digital wireless network in the East and South zones of India. This expansion, part of a larger nationwide project, is expected to be completed in the first half of 2005.
ADVERTISEMENT
"Nortel is a world leader in providing solutions that enhance the human experience and power global commerce," said Bill Owens, president and chief executive officer, Nortel. "We are very pleased to have been selected, and proud of the profound impact our solutions will have on the BSNL customer experience and of our contribution to the increasing growth and sophistication of the telecommunications industry in India."
"Delivering on our commitment to expand our presence in Asia, this contract further establishes Nortel as a significant wireless player in the dynamic and growing India market, in addition to our already important position in the optical and enterprise segments," said John Giamatteo, president, Asia Pacific, Nortel. "This award and strategic footprint will position us extremely well to capitalize on India's significant future growth for our long-term benefit."
India is among the fastest growing telecommunications markets in the world. In this country of over one billion people, teledensity now stands at approximately eight percent, or more than 86 million people with telephones. This figure is expected to grow to 15 percent by 2010, according to Telecom Regulatory Authority of India (TRAI).
"Nortel's wireless technology is expected to play an important role in helping us achieve our objective of becoming the leading telecommunications company in India and our vision of bringing advanced communications services to millions across India," said Mr. A.K. Sinha, chairman and managing director, BSNL.
Under the award, Nortel will deploy an end-to-end GSM (Global System for Mobile Communications) and GPRS (General Packet Radio Service) solution -- including GSM radio base stations, mobile switching centres (MSCs), intelligent networks (IN) and other related equipment -- to provide wireless voice and data services with carrier-grade network reliability. Demonstrating Nortel's leadership position across core and access, this network solution will be characterized by high security, exceptional radio performance and advanced wireless voice and data features.
This contract is an important strategic investment that provides footprint in India. Commitments to date against the contract represent the majority of the investment and are expected to result in an approximately $0.03 per share cost impact to Nortel's third quarter in 2004.
"We are delighted that Nortel has been awarded the contract for rolling out seven million cellular mobile lines in the South and East zones," said Mr. N.K. Mangla, director (Commercial and Marketing), BSNL. "I am confident that their global expertise and their technology innovation will help position BSNL in meeting the ever growing demand in this competitive environment."
"This being the largest tender in the world for the expansion of cellular services in India, with the intention of connecting India to mobility, we welcome Nortel to join us in this project for a long-term relationship and to help us in providing state-of-the-art technology for our esteemed customers," said Mr. S.D. Saxena, director (Finance), BSNL.
Nortel has designed, installed and launched more than 300 wireless networks in more than 50 countries worldwide. Nortel infrastructure is designed to provide future-proof platforms for seamless migration to third generation (3G) mobile services. Nortel was the industry's first supplier with wireless data networks operating in all advanced radio technologies -- GSM/GPRS/EDGE, CDMA2000 1X and 1xEV-DO, UMTS and WLAN -- and is the only end-to-end provider of all next generation wireless solutions.
About BSNL
Bharat Sanchar Nigam Limited (BSNL) was formed on October 1, 2000 when, in one of the landmark events in the history of telecommunications in India, the Government's Department of Telecom Operations became a corporation. Today, BSNL has a network of over 45 million lines covering 5,000 towns with over 43.5 million telephone connections. More information on BSNL is available on the Web at www.bsnl.co.in.
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. Serving both service provider and enterprise customers, Nortel delivers innovative technology solutions encompassing end-to-end broadband, Voice over IP, multimedia services and applications, and wireless broadband designed to help people solve the world's greatest challenges. 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 information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events.
Factors which could cause results or events to differ from current expectations include, among other things: the outcome of Nortel's independent review and planned restatement or revisions of its previously announced or filed financial results; the resolution of the accounting issues announced on November 11, 2004, including the outcome of discussions with the United States Securities and Exchange Commission (SEC); the impact of the management changes announced on April 28, 2004 and August 19, 2004; the impact of the inability to meet Nortel's filing obligations on support facilities and public debt obligations; any potential delisting or suspension of the Company's or NNL's securities; the adverse resolution of litigation, investigations, intellectual property disputes and similar matters; the sufficiency of Nortel's restructuring activities, including the work plan announced on August 19, 2004 as updated on September 30, 2004, including the potential for higher actual costs to be incurred in connection with restructuring actions compared to the estimated costs of such actions; cautious or reduced spending by Nortel's customers; fluctuations in Nortel's operating results and general industry, economic and market conditions and growth rates; the communication by Nortel's auditors of the existence of material weaknesses in internal controls; Nortel's ability to recruit and retain qualified employees; fluctuations in Nortel's cash flow, level of outstanding debt and current debt ratings; the use of cash collateral to support Nortel's normal course business activities; the dependence on Nortel's subsidiaries for funding; the impact of Nortel's defined benefit plans and deferred tax assets on results of operations and Nortel's cash flows; Nortel's dependence on new product development and its ability to predict market demand for particular products; Nortel's ability to integrate the operations and technologies of acquired businesses in an effective manner; the impact of rapid technological and market change; the impact of price and product competition; barriers to international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; the impact of rationalization in the telecommunications industry; changes in regulation of the Internet; the impact of the credit risks of Nortel's customers and the impact of customer financing and commitments; stock market volatility generally and as a result of acceleration of the settlement date or early settlement of Nortel's purchase contracts; the impact of Nortel's supply and outsourcing contracts that contain delivery and installation provisions, which, if not met, could result in the payment of substantial penalties or liquidated damages; and the future success of Nortel's strategic alliances.
For additional information with respect to certain of these and other factors, see the most recent Form 10-Q/A and Form 10-K/A filed by Nortel 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.
Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks.
--------------------------------------------------------------------------------
Contact:
Nortel
Germana Chan, (852) 2100 4375
germana@nortelnetworks.com
or
Jay Barta, 972-685-2381
jbarta@nortelnetworks.com
or
Tina Warren, 905-863-4702
tinawarr@nortelnetworks.com
--------------------------------------------------------------------------------
Source: Nortel
Nortel Provides Estimated Unaudited Results for Q1, Q2 and Q3 2004 and Years 2001, 2002 and 2003
Nortel Networks Declares Preferred Share Dividends
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