Lucent scores $5bn Verizon Wireless contract
PrintNetwork upgrades for mobile computing
Posted in Mobile, 13th July 2004 21:18 GMT
Free webcast: Service level monitoring and management
US telecoms equipment maker Lucent Technologies has signed a $5bn contract to supply Verizon Wireless with equipment, network management software, and services, the companies announced today.
The contract renews a 2001 deal between the two. Lucent shares rose nine cents to $3.47 in mid-day trading on the news. The deal is important for Lucent, which has seen sharply declining revenues since the telco overcapacity orgy of the late Nineties / early Millennium came to an end.
The deal includes $525m for network kit to expand Verizon's mobile high-speed data services. Verizon has said that it would spend up to $1bn to deliver data to mobile users at high speed, comparable to a broadband Internet connection, with CDMA2000 1xEV-DO, which uses radio base stations to transfer data between the mobile user and the IP network.
Other effort will go towards improving coverage and capacity on Verizon's voice network. ®
Related stories
Lucent trade secret suspect goes on the run
Cingular kicks off 3G trial in Atlanta
Lucent buys VoIP firm
SEC to fine Lucent $25m
What Exchange can't do - and Dell can
Enabling the Agile Data Center
Enterprise PBX buyer's guide
Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter