2 Sprint PCS affiliates select Nortel for 1x
Nortel Networks Ltd. said it has won wireless infrastructure contracts from two carriers, Horizon PCS Inc. and iPCS inc.Under a four-year, estimated $14 million deal, Nortel will replace Horizon’s existing CDMA network in Ohio, Indiana and Tennessee with 1x for voice and data, according to Nortel. The equipment will support wireless data services like Web browsing, real-time e-mail, streaming audio and video, multimedia messaging, location-based services, m-commerce and other such applications. With iPCS, Nortel signed a three-year estimated $15.2 million agreement to upgrade its wireless network to 1x technology in the Grand Rapids, Midland and Saginaw, Mich., metropolitan areas, as well as in Traverse City, Holland, Grand Haven and Muskegon, Mich.
Meanwhile, Nortel filed a lawsuit against its former chief executive and two other executives, asking them to repay bonuses they received in 2003. Nortel is seeking for CEO Frank Dunn to return about $6.4 million. The company wants former chief financial officer Douglas Beatty to pay back $2.4 million and former controller Michael Gogolly to refund $1.6 million. The complaint said 12 senior executives have agreed to pay back $6.9 million of bonuses.
