|
11.01.2005 17:31:00
|
Centennial Communications Selects Nortel 3G Solution for Puerto Rico,
Centennial Communications Selects Nortel 3G Solution for Puerto Rico, Virgin Islands New Infrastructure to Improve Performance, Expand Capabilities for Wireless Voice, Data Services
Centennial Communications Corp. (Nasdaq:CYCL), a leading wireless and broadband telecom service provider in the Caribbean, has chosen Nortel (NYSE:NT)(TSX:NT) to replace and upgrade its existing wireless network in Puerto Rico and the Virgin Islands with advanced third generation (3G) wireless technology.
This new 3G network -- based on CDMA2000 1X technology -- is expected to increase subscriber capacity and expand service coverage to help address growing subscriber demand for such wireless data services as mobile Web browsing, e-mail and high-speed download of videos and graphics.
"Centennial is committed to offering its wireless customers the best quality and most advanced service options," said Michael J. Small, chief executive officer, Centennial. "We are strengthening our network leadership by improving the reach, reliability, performance and capabilities of our wireless infrastructure, a key differentiator for our heavy usage wireless customers in this region."
"We are relying on Nortel's superior technology and extensive expertise in deploying CDMA networks to ensure we have an infrastructure that can meet the vast demand for wireless voice and data services in Puerto Rico and the Virgin Islands today, while also giving us the capacity to continue to grow and expand our service offerings in the future," said Tom Cogar, chief technology officer, Centennial.
Nortel will deploy both core (switching) and access (radio base stations, base station controllers) network equipment for Centennial. The initial phase of the project is expected to be complete by July 2005.
"We're excited about working with Centennial to help them enhance the communications experience of their subscribers with new, sophisticated wireless services," said Kevin Taylor, vice president, Wireless Networks, Caribbean and Latin America, Nortel. "Centennial can count on our world-class technology and our 30-plus years of experience in deploying advanced, reliable networks in the Caribbean region to help them successfully complete this and future projects."
Centennial also selected Nortel in 2003 to deploy a CDMA 1X network in the Dominican Republic.
"Centennial is a valued customer and we look forward to expanding this relationship, and to continuing to work with them to evolve their networks cost-effectively so they can provide advanced data services to their customers," said Richard Lowe, president, CDMA Wireless Networks, Nortel. "This contract also further enhances Nortel's leadership position in providing mobile solutions for emerging markets like the Caribbean and Latin America."
The new network being deployed by Centennial will be fully 1xEV-DO ready. 1xEV-DO is a broadband radio technology that can support transmission speeds higher than those currently available using ADSL and cable modems. EV-DO provides speeds bursting in excess of 2 megabits per second (Mbps). EV-DO users can expect more than 600 kilobits per second (Kbps) average throughput -- equivalent to and in some cases better than fixed broadband -- for high-speed broadband Internet, virtual office, real-time video, and other data and multimedia services.
Nortel is deploying 1xEV-DO with leading customers around the world, including Smartcom, Verizon Wireless, Telstra, Pelephone and Eurotel. Nortel CDMA equipment is designed to support 1xEV-DO through modular upgrades to existing hardware. This approach provides a cost-effective and rapid method for bringing to market advanced wireless services and associated revenues.
Nortel CDMA technology is designed to maximize existing customer investments and help service providers drive down capital and operating costs. It supports multiple frequencies, including 450, 800, 1900 and 2100 MHz. Nortel has designed, deployed and launched more than 300 wireless networks in more than 50 countries around the world. Nortel was the first industry supplier to have wireless networks operating in all advanced radio technologies (GSM/GPRS/EDGE, CDMA2000 1X and EV-DO, UMTS and WLAN), and is the only end-to-end supplier of all new-generation wireless solutions.
About Centennial
Centennial Communications (Nasdaq:CYCL), based in Wall, N.J., is a leading provider of regional wireless and integrated communications services in the United States and the Caribbean with over 1 million wireless subscribers. The U.S. business owns and operates wireless networks in the Midwest and Southeast covering parts of six states. Centennial's Caribbean business owns and operates wireless networks in Puerto Rico, the Dominican Republic and the U.S. Virgin Islands and provides facilities-based integrated voice, data and Internet solutions. Welsh, Carson Anderson & Stowe and an affiliate of the Blackstone Group are controlling shareholders of Centennial. For more information regarding Centennial, please visit our websites www.centennialwireless.com, www.centennialpr.com, and www.centennialrd.com.
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 regulatory and criminal investigations and civil litigation actions related to Nortel's restatements and the impact any resulting legal judgments, settlements, penalties and expenses could have on Nortel's results of operations, financial condition and liquidity; the findings of Nortel's independent review and implementation of recommended remedial measures; the outcome of the independent review with respect to revenues for specific identified transactions, which review will have a particular emphasis on the underlying conduct that led to the initial recognition of these revenues; the restatement or revisions of Nortel's previously announced or filed financial results and resulting negative publicity; the existence of material weaknesses in Nortel's internal controls over financial reporting; the impact of Nortel's and NNL's failure to timely file their financial statements and related periodic reports, including breach of its support facility and public debt obligations and Nortel's inability to access its shelf registration statement filed with the United States Securities and Exchange Commission (SEC); ongoing SEC reviews, which may result in changes to our public filings; the potential delisting or suspension of Nortel's and NNL's publicly traded securities; the impact of management changes, including the termination for cause of Nortel's former CEO, CFO and Controller in August 2004; 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; fluctuations in Nortel's cash flow, level of outstanding debt and current debt ratings; Nortel's ability to recruit and retain qualified employees; 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 flow; the adverse resolution of class actions, litigation in the ordinary course of business, intellectual property disputes and similar matters; 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, which is currently not available, of Nortel's forward 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 Annual Report on Form 10-K 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. CDMA2000 is a trademark of the Telecommunications Industry Association (TIA).
--30--LR/da*
Business Editors/Technology Writers
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Jan. 11, 2005--
Centennial Communications Corp. (Nasdaq:CYCL), a leading wireless and broadband telecom service provider in the Caribbean, has chosen Nortel (NYSE:NT)(TSX:NT) to replace and upgrade its existing wireless network in Puerto Rico and the Virgin Islands with advanced third generation (3G) wireless technology.
This new 3G network -- based on CDMA2000 1X technology -- is expected to increase subscriber capacity and expand service coverage to help address growing subscriber demand for such wireless data services as mobile Web browsing, e-mail and high-speed download of videos and graphics.
"Centennial is committed to offering its wireless customers the best quality and most advanced service options," said Michael J. Small, chief executive officer, Centennial. "We are strengthening our network leadership by improving the reach, reliability, performance and capabilities of our wireless infrastructure, a key differentiator for our heavy usage wireless customers in this region."
"We are relying on Nortel's superior technology and extensive expertise in deploying CDMA networks to ensure we have an infrastructure that can meet the vast demand for wireless voice and data services in Puerto Rico and the Virgin Islands today, while also giving us the capacity to continue to grow and expand our service offerings in the future," said Tom Cogar, chief technology officer, Centennial.
Nortel will deploy both core (switching) and access (radio base stations, base station controllers) network equipment for Centennial. The initial phase of the project is expected to be complete by July 2005.
"We're excited about working with Centennial to help them enhance the communications experience of their subscribers with new, sophisticated wireless services," said Kevin Taylor, vice president, Wireless Networks, Caribbean and Latin America, Nortel. "Centennial can count on our world-class technology and our 30-plus years of experience in deploying advanced, reliable networks in the Caribbean region to help them successfully complete this and future projects."
Centennial also selected Nortel in 2003 to deploy a CDMA 1X network in the Dominican Republic.
"Centennial is a valued customer and we look forward to expanding this relationship, and to continuing to work with them to evolve their networks cost-effectively so they can provide advanced data services to their customers," said Richard Lowe, president, CDMA Wireless Networks, Nortel. "This contract also further enhances Nortel's leadership position in providing mobile solutions for emerging markets like the Caribbean and Latin America."
The new network being deployed by Centennial will be fully 1xEV-DO ready. 1xEV-DO is a broadband radio technology that can support transmission speeds higher than those currently available using ADSL and cable modems. EV-DO provides speeds bursting in excess of 2 megabits per second (Mbps). EV-DO users can expect more than 600 kilobits per second (Kbps) average throughput -- equivalent to and in some cases better than fixed broadband -- for high-speed broadband Internet, virtual office, real-time video, and other data and multimedia services.
Nortel is deploying 1xEV-DO with leading customers around the world, including Smartcom, Verizon Wireless, Telstra, Pelephone and Eurotel. Nortel CDMA equipment is designed to support 1xEV-DO through modular upgrades to existing hardware. This approach provides a cost-effective and rapid method for bringing to market advanced wireless services and associated revenues.
Nortel CDMA technology is designed to maximize existing customer investments and help service providers drive down capital and operating costs. It supports multiple frequencies, including 450, 800, 1900 and 2100 MHz. Nortel has designed, deployed and launched more than 300 wireless networks in more than 50 countries around the world. Nortel was the first industry supplier to have wireless networks operating in all advanced radio technologies (GSM/GPRS/EDGE, CDMA2000 1X and EV-DO, UMTS and WLAN), and is the only end-to-end supplier of all new-generation wireless solutions.
About Centennial
Centennial Communications (Nasdaq:CYCL), based in Wall, N.J., is a leading provider of regional wireless and integrated communications services in the United States and the Caribbean with over 1 million wireless subscribers. The U.S. business owns and operates wireless networks in the Midwest and Southeast covering parts of six states. Centennial's Caribbean business owns and operates wireless networks in Puerto Rico, the Dominican Republic and the U.S. Virgin Islands and provides facilities-based integrated voice, data and Internet solutions. Welsh, Carson Anderson & Stowe and an affiliate of the Blackstone Group are controlling shareholders of Centennial. For more information regarding Centennial, please visit our websites www.centennialwireless.com, www.centennialpr.com, and www.centennialrd.com.
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 regulatory and criminal investigations and civil litigation actions related to Nortel's restatements and the impact any resulting legal judgments, settlements, penalties and expenses could have on Nortel's results of operations, financial condition and liquidity; the findings of Nortel's independent review and implementation of recommended remedial measures; the outcome of the independent review with respect to revenues for specific identified transactions, which review will have a particular emphasis on the underlying conduct that led to the initial recognition of these revenues; the restatement or revisions of Nortel's previously announced or filed financial results and resulting negative publicity; the existence of material weaknesses in Nortel's internal controls over financial reporting; the impact of Nortel's and NNL's failure to timely file their financial statements and related periodic reports, including breach of its support facility and public debt obligations and Nortel's inability to access its shelf registration statement filed with the United States Securities and Exchange Commission (SEC); ongoing SEC reviews, which may result in changes to our public filings; the potential delisting or suspension of Nortel's and NNL's publicly traded securities; the impact of management changes, including the termination for cause of Nortel's former CEO, CFO and Controller in August 2004; 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; fluctuations in Nortel's cash flow, level of outstanding debt and current debt ratings; Nortel's ability to recruit and retain qualified employees; 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 flow; the adverse resolution of class actions, litigation in the ordinary course of business, intellectual property disputes and similar matters; 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, which is currently not available, of Nortel's forward 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 Annual Report on Form 10-K 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. CDMA2000 is a trademark of the Telecommunications Industry Association (TIA).
--30--LR/da*
CONTACT: Nortel Ferngene Kook, 954-858-7101 fkook@nortelnetworks.com or Jamie Moody, 972-684-7167 moodyjam@nortelnetworks.com or Centennial Communications Steve Kunszabo, 732-556-2220 skunszabo@centennialcorp.com
KEYWORD: TEXAS INTERNATIONAL CANADA LATIN AMERICA INDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING INTERNET E-COMMERCE PRODUCT MARKETING AGREEMENTS SOURCE: Nortel
Copyright Business Wire 2005
Der finanzen.at Ratgeber für Aktien!
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Centennial Communications Corp.mehr Nachrichten
| Keine Nachrichten verfügbar. |
Analysen zu Centennial Communications Corp.mehr Analysen
Aktien in diesem Artikel
| AT&T Inc. (AT & T Inc.) | 21,28 | -1,39% |
|
Nachrichten
ETF-Sparplan
Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.