MURRAY HILL, N.J.-Lucent Technologies Inc. said it has distributed 200 million warrants to buy shares of the same amount at $2.75 as part of a shareowner and related class-action lawsuit settlement.The company also said it will pay $215 million, either in cash or stock,...
An already crowded North American infrastructure market is set to welcome a new competitor. One of China's largest telecommunications vendors, Huawei Technologies Co. Ltd., has provided network equipment for regional wireless operator NTCH Inc.'s launch of wireless services to the border communities of El...
OVERLAND PARK, Kan.-In support of its previously announced plans to begin deploying CDMA2000 1x EV-DO services, Sprint Corp. reported $3 billion worth of multi-year buildout contracts with Lucent Technologies Inc., Nortel Networks Ltd. and Motorola Inc. Sprint said the contracts involve new switching and...
Just more than a month after closing its $41 billion acquisition of AT&T Wireless Services Inc., Cingular Wireless L.L.C. said it expects to post a quicker return on its investment than it originally predicted. The nation's largest carrier also reaffirmed its commitment to deploy...
SYDNEY, Australia-Lucent Technologies Inc. said it will supply a new Internet Protocol/Multiprotocol Label Switching system in conjunction with Juniper Networks Inc. to carry traffic for Vodafone Australia's network. The system will carry Vodafone's current- and third-generation traffic between Brisbane and Melbourne via Sydney.The value...
Cingular Wireless L.L.C. said it will begin deploying a UMTS/HSDPA-based network next year with plans to cover most major markets by the end of 2006. The carrier noted the network would provide network speeds of between 400 and 700 kilobits per second, which is...
One vendor's end-to-end strategy is another vendor's poison. Nokia Corp., Siemens AG and Motorola Inc. market their end-to-end strategies as one-stop shops for carriers. But Lucent Technologies Inc., Nortel Networks Ltd. and Alcatel Alsthom say end-to-end solutions actually limit choices for carriers. In between...
Network equipment divisions performed better for major wireless vendors in the third quarter than their handset businesses did. At Nokia Corp., handset sales figures still topped equipment sales, but infrastructure revenue was on the rise while handset sales declined. Industry experts attribute this turnabout...
MURRAY HILL, N.J.-Lucent Technologies Inc. said it will enjoy a tax refund of about $816 million, or 16 cents per diluted share, following a tax carry-back approval by the Congressional Joint Committee on Taxation.The amount will be added to its fourth-quarter net income, raising...
NEW YORK-The Securities and Exchange Commission is considering recommending that civil actions be taken against three former employees of Lucent Technologies Inc., including former chairman and chief executive officer Richard McGinn, according to the company's SEC filings.John Heindel, its former head of Saudi Arabian...
SAN JOSE, Calif.-Lucent Technologies Inc., LG Electronics and Huawei Technologies have joined the WiMAX Forum, joining fellow telecom suppliers Nortel Networks and Cisco Systems Inc.The WiMAX Forum also noted recent service provider additions to its membership, including America Online Inc., Deutsche Telecom, SBC and...
BEIJING-Lucent Technologies Inc. said Shandong Unicom will deploy an Internet Protocol Multimedia Subsystem-based solution from Lucent, allowing the Chinese wireless carrier to offer Voice over IP residential and business services.The converged next-generation network will allow Shandong Unicom customers to make calls among computers, traditional...
WASHINGTON-While new industry figures show top Republicans casting pro-technology votes more often than their counterparts in Congress, a review of fresh campaign finance data reveals top high-tech firms are hedging their bets on Democratic presidential candidate John Kerry. Without question, the outcome of this...
Sprint North Supply's broadly focused offerings, bolstered by the strong reputation of its well-known parent, have brought the organization good graces in the wireless industry among both potential partners and customers. The company functions as a supply chain integrator within Sprint Corp.'s network infrastructure...
FALLS CHURCH, Va.-Lucent Technologies Inc. will provide global technical support services for Terabeam Wireless' GigaLink series of high-speed bridges, according to both companies.The GigaLink series offers connection speeds between 45 megabits per second and 1.25 gigabits per second on the 5.3 GHz, 5.8 GHz,...
As infrastructure vendors strive to simplify their products for carriers, companies such as Hewlett-Packard Co., Sun Microsystems Inc. and IBM Corp. are positioning themselves to provide network equipment vendors with core infrastructure platforms.HP made such a move last week with a new program to...
MIAMI—The CDMA Development Group announced winners of the 3G CDMA Industry Achievement Awards this week at the CDMA Americas Congress taking place in Miami. Among the winners were: c Wang Jianzhou of China Unicom, who received the industry leadership award for his "dynamic leadership...
Nortel Networks said it has appointed Clent Richardson to the post of chief marketing officer. Richardson will lead the company's newly formed global marketing organization responsible for brand development and management, online presence, solutions marketing, advertising, public relations, sponsorships, promotions, community relations, employee communications...
LONDON-Lucent Technologies Inc. and Novatel Wireless Inc. have agreed to supply U.K. carrier O2 with their wireless UMTS PC card modems known as Merlin U530.This will give the carrier's business customers access to services such as streaming video and audio and secure mobile access...
SAO PAULO, Brazil-Lucent Technologies Inc. and ZTE Corp. announced contract awards for CDMA2000 equipment. Financial details were not disclosed.Lucent said it was awarded a contract to expand and enhance the CDMA2000 network of Brazil's largest wireless carrier Vivo. This contract is part of Vivo's...
Nortel Networks Ltd. and Lucent Technologies Inc. both announced contributions to Verizon Wireless’ planned CDMA2000 1x EV-DO high-speed wireless data service launch in 11 new markets and a number of airports scheduled for Monday.Nortel, which was the primary infrastructure provider for Verizon Wireless’ San...
Lucent Technologies Inc. said it has won two multimillion dollar contracts in the CDMA 450 MHz bands in Romania and Russia. The wireless supplier also unveiled a new product.Lucent said it signed a contract with Romanian carrier Zapp to deploy a third-generation mobile data...
Lucent Technologies Inc. said it has won a $98.5 million contract to expand the CDMA network of Guangdong Unicom. It is the third phase of the expansion, which will cover eight cities.The cities include Guangzhou, Foshan, Jiangmen, Zhongshan, Zhuhai, Zhanjiang, Maoming and Yangjiang.Under the...
Lucent Technologies Inc. may enjoy a tax windfall of $816 million in refunds if the Internal Revenue Service and the Congressional Joint Committee on Taxation give their nods.Already, the IRS has offered a tentative agreement to the refund.Taking advantage of a tax-law technicality, Lucent...
