nortel

STOCKHOLM, Sweden—Shareholders of equipment vendor Ericsson have approved a US$3.1 billion rights issue to help the company through uncertain times. Like Nortel Networks, Motorola and Lucent Technologies, the company will …

STOCKHOLM, Sweden—Shareholders of equipment vendor Ericsson AB have approved a $3.1 billion rights issue to help the company through uncertain times. Like Nortel Networks, Motorola Inc. and Lucent Technologies Inc., …

DALLAS—Alltel Corp. selected Nortel Networks to supply infrastructure equipment for the planned cdma2000 1x upgrade of its current wireless network and integrate Alltel’s recent purchase of CenturyTel’s wireless network. The …

TORONTO—Nortel Networks Corp. reconfirmed its guidance for the second quarter and said it plans to lay off another 3,500 employees related to the realignment of its optical long haul business. …

OVERLAND PARK, Kan.—Sprint Corp. said it has entered an agreement with Nortel Networks for Sprint North Supply to be an authorized “Stocking Business Partner” for Nortel allowing it to sell …

BEIJING—The Hebei provincial subsidiary of China Mobile has chosen Nortel Networks to expand the capacity of its GSM network in the provincial capital Shijiazhuang and surrounding areas with 322,000 subscribers. …

DALLAS—U.S. Cellular Corp. selected Nortel Networks as the primary supplier for the planned upgrade of its network to cdma2000 1x technology. The multi-year agreement calls for Nortel to deploy 1x …

HELSINKI, Finland—Nokia, the Helsinki-based Finnish wireless equipment supplier, is predicting a dramatic concentration on the vendor side of global telecommunications, believing that the number of major vendors will diminish by …

JAKARTA, Indonesia—Operator PT Radio Telepon, also known as Ratelindo, has selected Nortel Networks to build the country’s first cdma2000 1x fixed wireless local loop network in Jakarta. The companies expect …

DUBLIN, Ireland—Following similar deals signed earlier this year with Nokia and Siemens, T-Mobile International has chosen Nortel Networks to supply Universal Mobile Telecommunications System (UMTS) equipment for its third-generation (3G) …

SAN JOSE, Calif.—LGC Wireless announced Ian Sugarbroad has been named president and chief executive officer. “I’m confident about my ability to steer this company through one of the biggest economic …

BONN, Germany—Nortel Networks says it has signed a contract to supply T-Mobile International with UMTS infrastructure equipment and services in Europe under a 10-year frame agreement. “We are looking forward …

OXFORD, United Kingdom—Nortel executives have admitted that the US$1.1 billion contact awarded to it by MmO2 for 2.5-generation (2.5G) and third-generation (3G) infrastructure this week was a much-needed boost to …

NEW YORK—British wireless operator MmO2 launched two initiatives in a move to provide mobile data and products to customers in Western Europe. The carrier said it plans to build a …

LONDON—European carrier MmO2 signed separate contracts with Nokia and Nortel Networks to equip its 2.5- and third-generation (3G) networks in the United Kingdom, Isle of Man, Germany and Ireland. Each …

LONDON—European carrier MmO2 signed separate contracts with Nokia Corp. and Nortel Networks to equip its 2.5- and third-generation networks in the United Kingdom, Isle of Man, Germany and Ireland. Each …

TORONTO—Nortel Networks said it has agreed with 27 banks to amend and extend its revolving credit facility of $1.75 billion for an additional 364 days. “The amended agreement is the …

TORONTO—Nortel Networks Corp. warned that reduced customer spending will pare down its first-quarter revenue below market forecasts and force it to draw on a $1.75 billion loan. The telecom gear …

ORLANDO, Florida, United States—Following on a meeting of operators and vendors with an interest in Enhanced Data Rates for Global Evolution (EDGE) technology at the 3GSM World Congress in France …

TORONTO—Moody’s Investor Services has lowered Nortel Networks Corp.’s credit rating to junk status. The rating on its senior long-term debt dropped to Ba3 from Baa3, while the rating on its …

SAN DIEGO—Leap Wireless International Inc. amended the vendor-financing agreements between its wholly owned subsidiary Cricket Communications Inc. and Ericsson, Lucent Technologies Inc. and Nortel Networks designed to provide greater flexibility …

BUENOS AIRES, Argentina—Telecom Argentina’s financial problems make France T

DALLAS—Alaskan wireless service provider ACS Wireless signed a four-year agreement valued at approximately $422 million with Nortel Networks to upgrade its network with cdma2000 1x technology. Nortel said it would …

BUCHAREST, Romania—Nortel Networks said it signed a contract with Connex to deploy packetized voice and data networks using Nortel’s softswitches and multiservice switches. “Connex will become the first service provider …

PORT-OF-SPAIN, Trinidad and Tobago—Telecommunications Services of Trinidad and Tobago Ltd. said Nortel Networks will supply GSM and GPRS technologies for the upgrade of its wireless network. TSTT said Nortel will …