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July 2, 2001
SK Telecom Selects Nortel Networks Optical Solution for Wireless Network Backbone
Plans to Maximize Profit Potential With High-Speed Broadband Wireless Services
SEOUL, Korea – SK Telecom, a leading provider of information and communications services in Korea, has selected a Nortel Networks* [NYSE/TSE: NT] solution to build a 10-gigabits per second (Gbps) optical backbone for its high-speed broadband wireless network. The solution was sold through local distributor NSI Technology Ltd.
Unleashing the potential for SK Telecom to profit from the high-performance Internet, this optical backbone will enable cost-effective delivery of carrier-class broadband wireless services. Korea is one of the fastest growing communications markets in the world, according to the Korea National Computerization Agency, with nearly two-thirds of the population connected to the Internet, and half owning mobile phones. High Internet and mobile phone penetration rates present opportunities for SK Telecom to profit by offering high-speed broadband wireless services. Nortel Networks Optical Internet solution for SK Telecom will include Nortel Networks OPTera* Connect DX optical switch and Preside* software, important elements of Nortel Networks Smart Optical Network Solution. “OPTera Connect DX and Preside enable service providers to increase network capacity, provide flexible services, improve connection and network management capabilities, and enhance network reliability,” said Soo-jin Chung, managing director, Nortel Networks Korea. “This contract – which includes the first 10 Gbps solution in Korea – reinforces Nortel Networks leadership in Optical Internet solutions and its ‘Wings of Light’ strategy.” ‘Wings of Light’ extends the benefits of Internet Protocol (IP) to wireless networks and devices by unifying IP, optical and wireless capabilities to redefine how services are delivered and managed. It positions service providers to profit from efficient, highly targeted delivery of Wireless Internet services. Nortel Networks is at the heart of Asia’s Internet revolution, with more than 28 contracts for 10 Gbps optical networks from carriers in China, a 1.6 terabits per second optical backbone for Cable & Wireless Optus in Australia, and advanced Optical Internet solutions for service providers in Korea and Japan. SK Telecom is Korea’s leading provider of information and communications services spanning Mobile Services, E-Commerce, Overseas Operations and Subsidiaries. SK Telecom’s SPEED 011, Korea's leading cellular service brand, n.TOP wireless Internet service and multimedia service, which offers VOD(Video On Demand) and AOD (Audio On Demand) for cdma 2000 mobile phone users, are providing unrestricted access to communication anytime, and anyplace. SK Telecom already has established a presence in China, Northeast Asia and Southeast Asia. The company, which has extensive experience and technology related to first-generation analogue and second-generation CDMA wireless communications, is leading the race to develop the third-generation IMT-2000 system and services. Nortel Networks is a global Internet and communications leader with capabilities spanning Optical, Wireless, Local, Personal Internet and eBusiness. The Company serves carrier, service provider and enterprise customers globally. Today, Nortel Networks is creating a high-performance Internet that is more reliable and faster than ever before. It is redefining the economics and quality of networking and the Internet, promising a new era of collaboration, communications and commerce. Visit us 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 impact of price and product competition; the dependence on new product development; the impact of rapid technological and market change; the ability of Nortel Networks to make acquisitions and/or integrate the operations and technologies of acquired businesses in an effective manner; general industry and market conditions and growth rates; 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 uncertainties of the Internet; stock market volatility; the ability of Nortel Networks to recruit and retain qualified employees; the ability to obtain timely, adequate and reasonably priced component parts from suppliers and internal manufacturing capacity; the impact of the credit risks of our customers; the entrance by Nortel Networks into an increased number of supply, turnkey, and outsourcing contracts which contain delivery, installation, and performance provisions, which, if not met, could result in Nortel Networks having to pay substantial penalties or liquidated damages; the impact of increased provision of customer financing and commitments by Nortel Networks; potentially higher costs actually incurred in connection with restructuring actions compared to the estimated costs of such actions; and the inherent uncertainties underlying the estimates and assumptions used in calculating asset valuations. For additional information with respect to certain of these and other factors, see the reports filed by Nortel Networks with the United States Securities and Exchange Commission. 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, OPTera and Preside are trademarks of Nortel Networks.Contact for Press and Analysts:
Hee Sue Kim
Nortel Networks
822 3707 4600
suekim@nortel.com
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