NOKIA TO ACQUIRE AMBER NETWORKS FOR $421 MILLION
Nokia agreed to acquire Amber Networks, a start-up developing metro edge routers, for $421 million payable partly in newly issued Nokia shares and partly in Nokia stock options.  Amber, which is based in Fremont, California, is working on a fault-tolerant routing platform.  The company has 223 people.  Following the acquisition, Amber Networks will become part of the Network Platforms business of Nokia Networks.  http://www.ambernetworks.com/  http://press.nokia.com/PR/200107/828256_5.html
Nokia, July 25, 2001

• Amber Networks' Aggregation Service Router is designed to concentrate multi-service access feeds and convert, multiplex, and encapsulate this traffic for transport over a high-speed IP/MPLS core.  The platform preserves native service formats using an encapsulation and emulation scheme to convert ATM, Frame Relay and leased line connections into QoS-enhanced IP streams.  The Amber platform also features a router operating system designed to deliver full route state redundancy for BGP, IS-IS and OSPF.
• In May, Amber Networks announced a 12% workforce reduction in response to the softening economy and lowered industry estimates of short-term service provider spending.  At the time, Amber said it would continue with product deliveries and customer trials as planned.
• In July 2000, Amber Networks secured $91 million in third round funding.  Investors included INVESCO Private Capital, Enron Broadband Services, Williams Communications, Toshiba America Electronic Components, Accel Partners, ITV/Infinity Capital and others.
• Amber Networks was founded in 1998 by Sam Mathan (formerly Ascend Communications) and Amar Gupta, who previously was one of the key developers of StrataCom's packet switches.

YIPES ACQUIRES BUILDING ACCESS RIGHTS FROM BROADBAND OFFICE IN BANKRUPTCY COURT
A federal bankruptcy court approved a bid from Yipes Communications to acquire rights to serve more than 3,500 office buildings nationwide.  The rights were formerly owned by Broadband Office, an in-building carrier that is now in Chapter 11 bankruptcy.  Under the deal, Yipes agreed to pay $2.0 million in cash and $2.5 million in equity and to forgive a $900,000 debtor-in-possession bridge loan that Yipes made to Broadband Office.  Yipes has now signed access agreements with 9 major real estate entities, which own or control more than half of Broadband Office's portfolio.  Also in connection with the bankruptcy court award, Yipes is negotiating with nearly 20 additional major national and regional real estate entities.  http://www.yipes.com/ 
Yipes, July 25, 2001

SBC REPORTS SLOWER GROWTH IN DSL ACCOUNTS, 28% GROWTH IN DATA REVENUES
SBC Communications ended Q2 with more 1 million DSL accounts in services, about 83,000 more than at the end of Q1.  Net additions during the quarter were reduced by the business failures of independent ISPs that resold SBC's DSL, and by database reconciliations.  Excluding the impact of ISP failures and the database reconciliations, net DSL additions for the quarter would have totaled approximately 170,000.  DSL service was available to 23 million customer locations, or more than 55% of the company's metropolitan-area wireline customer locations, up from 14.7 million locations a year ago.  SBC said demand continues to be steady for high-capacity transport.  SBC's total data revenues of $2.2 billion grew 28% over the same period last year and now represent 21.5% of SBC's total wireline revenues.  http://www.sbc.com/News_Center/1,3950,31,00.html?query=20010725-1
SBC Communications, July 25, 2001

• For Q1, SBC Communications reported 39% growth in data revenues to $2.1 billion.  Data revenues accounted for 21% of SBC's total wireline revenues.

XO REPORTS 11% SEQUENTIAL REVENUE GROWTH, KEY NETWORK OPERATING STATISTICS
XO Communications reported quarterly revenue of $306.8 million, up 11% over Q1 and up 118% over the same period last year.  The EBITDA loss totaled $70.7 million in Q2, compared to an EBITDA loss of $77.1 million in the Q1, and a $68.6 million EBITDA loss in Q2 of 2000.  http://www.xo.com/news/81.html
XO, Communications, July 25, 2001

PMC-SIERRA INTRODUCES HIGH DENSITY, SINGLE CHANNEL OC-3 ATM/POS-PHY
PMC-Sierra introduced a single channel OC-3c SONET/SDH-PHY for ATM/POS designed for 3G wireless equipment, metro optical access concentrators, DSLAMs and high-end customer-premise based routers.  Key advantages of the new S/UNI-1x155 chip include a smaller footprint, lower power consumption and support for both ATM and POS on a single device.  The new chip provides a highly integrated single-channel OC-3 SONET/SDH framer that combines a dual-mode Packet-Over-SONET frame processor and ATM cell processor with integrated clock recovery and clock synthesis, and offers three selectable system interfaces (POS-PHY Level 2, 16-bit UTOPIA Level 2, and 8-bit UTOPIA Level 2).  Sampling is expected next month.  http://www.pmc-sierra.com/pressRoom/pr/2001072501.html
PMC Sierra, July 25, 2001

GLOBAL CROSSING TO BECOME A PRIME IP CARRIER FOR NATO
Global Crossing will become a prime supplier of cross-border IP connectivity to NATO.  The new framework contract enables the government agencies and Global Crossing to streamline the contracting process for the procurement of services and solutions.  http://www.globalcrossing.com/pressreleases/pr_072501.htm
Global Crossing, July 25, 2001

• Global Crossing has recently announced contracts with the British Foreign and Commonwealth Office, the British Royal Air Force (RAF) and the US Department of Defense.

FRANCE TELECOM DEPLOYS CISCO 12416 ROUTERS IN NORTH AMERICAN BACKBONE
France Telecom is deploying Cisco 12416 Internet Routers in its new, 10 Gbps North American IP backbone.  The network uses OC-192/STM-64 POS (packet over SONET) capabilities.  Financial terms were not disclosed.  http://www.cisco.com
Cisco Systems, July 25, 2001

NEW ZEALAND’S CLEAR COMMUNICATIONS DEPLOYS JUNIPER ROUTERS
CLEAR Communications, a competitive service provider in New Zealand, has deployed Juniper Networks M20 Internet backbone routers in its national IP core and international transit core networks.  Financial terms were not disclosed.  http://www.juniper.net  http://www.clear.co.nz
Juniper Networks, July 25, 2001

NORTEL NETWORKS LAUNCHES ENTERPRISE VOIP PBX
Nortel Networks introduced an enterprise VOIP platform that includes unified messaging based on its Meridian PBX, network management, Web-based call centers and support for wireless and IP phones.  The new Succession CSE 1000 enables enterprises to set-up a unified dialing plan, automatic least-cost routing, and network queuing and routing controls.  Additional functionality includes integrated conferencing, conference bridge capabilities, integrated recorded announcements and call detail recording. http://www.nortelnetworks.com
Nortel Networks, July 25, 2001