Nortel Networks Unveils Wireless Access Technology for Cable Operators
Positions Cable Operators to Address New Market Opportunities by Extending High-Speed Data Services to Small, Medium Enterprises
ORLANDO, Fla.--(BUSINESS WIRE)--June 16, 2004--
Nortel Networks (NYSE:NT)(TSX:NT) today introduced Wireless LAN Cable Access Point 6220, a wireless access solution that offers cable operators a low-cost alternative for extending the reach of high-speed data services to small and medium enterprises. Using industry-standard 802.11 wireless technology, Nortel Networks Wireless LAN Cable Access Point 6220 will connect business customers to the cable operator's broadband network.
This new product is a strand-mounted enclosure containing both coaxial-fed cable modem and Wireless LAN (local area network) functionality, allowing a cable operator to point an antenna at a building to deliver secure commercial broadband services. Wireless LAN Cable Access Point 6220 is designed to be easy to deploy and provision in 'hot spot' service mode, allowing cable operators to cost-effectively provide public or private wireless Internet zones.
"Nortel Networks worked closely with our MSO customers to develop this exciting, revenue-generating wireless solution," said Dan Mondor, general manager, Global Cable Solutions, Nortel Networks. "The Wireless LAN Cable Access Point 6220 is uniquely focused on enabling the cable operator to cost effectively reach businesses and end users."
Nortel Networks Wireless LAN Cable Access Point 6220 consists of three elements: a strand-mounted Access Point Enclosure with integrated cable modem; a corporate services unit that receives wireless signals from the Enclosure; and either directional or omni directional antennas. Wireless LAN Cable Access Point 6220 will be commercially available in July 2004.
Nortel Networks solutions are designed to help cable operators drive new revenue opportunities and reduced operating costs. Nortel Networks comprehensive, integrated cable solutions span video and video on-demand, voice and multimedia communications, high-speed data services, managed network services for business customers, and next generation access.
Nortel Networks continues to execute on its three commitments to the cable service provider market: new product development geared specifically to cable applications; commitment to the technology and standards organizations that serve the cable industry; and implementing real-world solutions that address the fundamental business and networking challenges of cable operators.
Nortel Networks is an industry leader and innovator focused on transforming how the world communicates and exchanges information. The Company is supplying its service provider and enterprise customers with communications technology and infrastructure to enable value-added IP data, voice and multimedia services spanning Wireless Networks, Wireline Networks, Enterprise Networks, and Optical Networks. As a global company, Nortel Networks does business in more than 150 countries. More information about Nortel Networks can be found on the Web at www.nortelnetworks.com or www.nortelnetworks.com/media_center.
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 Nortel Networks independent review and planned restatement of its previously announced or filed financial results; the impact of the management changes announced on April 28, 2004; the impact of the inability to meet Nortel Networks filing obligations on support facilities and public debt obligations; the sufficiency of Nortel Networks restructuring activities, including the potential for higher actual costs to be incurred in connection with restructuring actions compared to the estimated costs of such actions; continued reductions in spending by Nortel Networks customers; fluctuations in Nortel Networks operating results and general industry, economic and market conditions and growth rates; the communication by Nortel Networks auditors of the existence of material weaknesses in internal control; Nortel Networks ability to recruit and retain qualified employees; fluctuations in Nortel Networks cash flow, level of outstanding debt and current debt ratings; the use of cash collateral to support Nortel Networks normal course business activities; the dependence on Nortel Networks subsidiaries for funding; the impact of Nortel Networks defined benefit plans and deferred tax assets on results of operations and Nortel Networks cash flows; Nortel Networks dependence on new product development and its ability to predict market demand for particular products; Nortel Networks 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 Networks 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 of Nortel Networks purchase contracts; the impact of Nortel Networks 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; the future success of Nortel Networks strategic alliances; and the adverse resolution of litigation, investigations, intellectual property disputes and similar matters.
For additional information with respect to certain of these and other factors, see the most recent Form 10 Q/A and Form 10-K/A filed by Nortel Networks with the United States Securities and Exchange Commission. Unless otherwise required by applicable securities laws, Nortel Networks 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 Networks, the Nortel Networks logo, the Globemark and Business Without Boundaries are trademarks of Nortel Networks.
Contacts
Nortel Networks
Bridget Braxton, 972-685-8813
bbraxton@nortelnetworks.com
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