| To: Elroy who wrote (6753) | 7/21/1999 1:12:00 PM | | From: Scrapps | of 9235 | | |
Nokia to Supply Equipment for 750,000 New DSL Lines to Covad Communications for Nationwide Deployment in the U.S.
Extension of 1998 Supply Agreement Valued At More Than USD 100 Million
IRVING, Texas--(BUSINESS WIRE)--July 21, 1999--Nokia (NYSE:NOK - news), a leading industry supplier of communications network solutions and services worldwide and a leader in the supply of digital subscriber line (DSL) products and services, has signed an extension to a supply agreement with Covad Communications (Nasdaq:COVD - news), for DSL network equipment worth more than USD 100 million.
Nokia will supply Covad; a leading broadband access services provider in the U.S., with equipment for up to 750,000 new DSL lines that will be deployed in business and consumer markets. With this contract extension, Covad, with Nokia equipment, can service over 1 million DSL lines. Nokia will provide Covad with the entire family of Nokia D40 Speedlink digital subscriber line access multiplexer (DSLAM) products including full rate ADSL (CAP, DMT), G.Lite, SDSL and IDSL line cards.
This definitive agreement is a continuation of the original deployment contract announced in January 1998. Since then, Nokia has supported Covad's rapid expansion into markets across the United States, including these major cities: Los Angeles, San Francisco, New York, Washington D.C., Seattle and Atlanta. Covad plans to provide DSL services in over 22 regions representing 51 MSA's (Metropolitan Statistical Area's) nationwide by the end of 1999.
''Covad and Nokia were among the very first to successfully market DSL products and services in the U.S.,'' says Jussi Ilmarinen, General Manager, Nokia High Speed Access Products. ''This is a clear demonstration of the flexibility and scalability of the Nokia D40 Speedlink platform on one hand, and of the insight and successful business strategy of Covad on the other. We are pleased to further strengthen our relationship with Covad through this new agreement. As the DSL market moves forward rapidly, we are ready to meet the expanding needs of leading operators such as Covad with the most robust and flexible carrier-class DSLAM platform on the market.''
Robert Roblin, Executive Vice President of marketing for Covad said his company will continue to aggressively capitalize on the increasing demand for high-speed Internet access and next-generation broadband applications. ''We have been very pleased with the Nokia D40 Speedlink platform and its capabilities, and this new agreement will set the stage for an ever-wider audience of commercial and residential users to have access to the unlimited potential of the Internet as an avenue for business and individual growth and success.''
The Nokia D40 Speedlink System enables service providers to deliver both voice and data to end-users via ordinary copper pairs. Highly scalable and flexible, the Nokia D40 Speedlink System offers multiple modular remote solutions that support both large and small-scale subscribers. Nokia Eksos B20 is the ETSI version of Speedlink.
Nokia is the world's leading mobile phone supplier and a leading supplier of mobile, fixed, and IP networks including related services. Nokia also supplies multimedia terminals and computer displays. In 1998, net sales totaled EUR 13.3 billion (USD 15.7 billion). Headquartered in Finland, Nokia is listed on the New York (NOK), Helsinki, Stockholm, London, Frankfurt and Paris stock exchanges, has sales in over 130 countries and employs more than 47,000 people worldwide.
Note: Speedlink is a trademark of Nokia. All other company and/or product names are trademarks of their respective companies.
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Contact:
Nokia Telecommunications
Arja Suominen, (Int.) + 358 9 5113 8193
Fax (Int.) + 358 9 5113 8199
or
Nokia Americas, Irving
Jim Bowman/Megan Matthews, (Int.) 972/894-4573
Fax:(Int.) 972/894-4706 |
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