Monday, December 18, 2006

Nortel Confirms US$2B Supply Order from Verizon Wireless

Nortel and Verizon Wireless signed an expected five-year, US$2 billion agreement for Nortel equipment and services.

Under this agreement, Verizon Wireless plans to deploy additional CDMA2000 radio base stations, switching, IP platforms, optical networking solutions and related equipment with the help of professional services from Nortel. In addition, this agreement builds on the contract announced in July 2006, whereby Nortel was selected to supply Verizon Wireless with CDMA 1xEV-DO Revision A technology.

This new agreement also presents an opportunity for Verizon Wireless and Nortel to further develop and deploy next-generation IMS-based applications and services.