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(NT.TO) Cable Telecom Operator Retecal Deploys Optical Ethernet Solutions from Nortel Networks

Posted on: Tuesday, 11 November 2003, 06:00 CST

MADRID, Spain--(BUSINESS WIRE)--Nov. 11, 2003--Retecal, the cable telecom operator in Spain's Castille-Leon region, has enhanced its existing network infrastructure by adding new Optical Ethernet solutions from Nortel Networks (NYSE:NT)(TSX:NT). These solutions will enable Retecal to extend its data service portfolio, allowing it to deliver new, high value Ethernet services to enterprise customers.

Adding Nortel Networks OPTera Metro 1000 series of Ethernet Service Modules has positioned Retecal to deliver cost-effective, next generation Metro Ethernet services for enterprise customers connected through its core IP (Internet Protocol) network based on Nortel Networks Passport 8600 Routing Switch.

"Ethernet will allow us to satisfy the incremental bandwidth needs required by today's multimedia enterprise communications in a very effective way," said Carlos Luengos, general manager, Retecal. "For the companies in the region, inter-office Ethernet connectivity allows them to compete in a global market. Nortel Networks has been with us from the beginning of our business project and, with this new push, we expect to be able to lead the Spanish telecommunication services market."

"Retecal has pioneered network transformation in the sector by introducing new technologies and solutions into its data services portfolio," said Jordi Casamitjana, vice president and general manager, Nortel Networks Hispania. "Nortel Networks Optical Ethernet solutions take advantage of the ubiquity of the Ethernet within enterprise networks and the best optical technology available, allowing our customers to address demand for inter-site broadband service."

The OPTera Metro 1000 series of Ethernet Service Modules allows service providers to quickly establish cost-effective, differentiated services for enterprise customers. This next generation of services includes the new Ethernet Virtual Private LAN Services (VPLS) and high-speed access to data centers and the Internet. Ethernet services are flexible, secure and scalable, able to support tens of thousands of customers and bandwidth increments from 1 megabit per second to 1 gigabit per second per customer.

Nortel Networks is a leading global supplier of VPN and Optical Ethernet solutions delivering 10 Gigabit Ethernet, Resilient Packet Rings and MPLS based Layer 2 VPN solutions to service providers and enterprises.

Retecal, the cable telecom operator in Spain's Castille-Leon region is one of the leading cable operators in Spain, and offers its advanced television, telephony and Internet services to more than 95,000 customers, including residential, professional, corporate and public institutions in 17 different cities.

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.

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 completion of the comprehensive review and the release of financial results and issuance of restated financial statements for 2000, 2001 and 2002 and the first and second quarters of 2003; the severity and duration of the industry adjustment and the continued reductions in spending by our customers; the sufficiency of our 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; fluctuations in operating results and general industry, economic and market conditions and growth rates; negative impacts on our gross margins; the ability to recruit and retain qualified employees; fluctuations in cash flow, the level of outstanding debt and our current debt ratings; the ability to meet the financial covenant in our credit facilities; the use of cash collateral to support our normal course business activities; the dependence on our subsidiaries for funding; the impact of our defined benefit plans and our deferred tax assets on our results of operations, cash flows and compliance with our financial covenant; the 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; the dependence on new product development and our ability to predict market demand for particular products; the uncertainties of the Internet; the impact of the credit risks of our 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 our purchase contracts; the impact of the New York Stock Exchange minimum listing requirements and the proposed consolidation of our common shares; the impact of 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 ability to obtain timely, adequate and reasonably priced component parts from suppliers and internal manufacturing capacity; the future success of our strategic alliances; and the adverse resolution of litigation and intellectual property disputes. For additional information with respect to certain of these and other factors, see the most recent Form 10-Q and Form 10-K 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, Business Without Boundaries, OPTera and Passport are trademarks of Nortel Networks.

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