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August 11, 2003
Telefônica to Expand, Upgrade, Maintain Networks with Solutions from Nortel Networks
Three-Year, US$20 Million Agreements Include Equipment, Maintenance, Services
SÃO PAULO, Brazil – Telefônica Group has awarded a series of contracts to Nortel Networks* [NYSE/TSX: NT] – collectively estimated at US$20 million (R$58 million) over three years – for expansion and maintenance of Telefônica Brasil’s nationwide multiservice optical network, and for maintenance and support services for the data backbone operations of Telefônica Empresas.
Under these agreements, Nortel Networks will provide optical solutions for Telefônica Brasil including Nortel Networks OPTera* Metro 4100, OPTera Metro 4200, and TN-1C. Telefônica Empresas will deploy Nortel Networks data networking solutions including Nortel Networks Passport* 7000 Multiservice Switches, which are manufactured at Nortel Networks Center of Excellence in Campinas. Telefônica Empresas will also deploy Nortel Networks Passport 15000. “Nortel Networks is an important technology ally for the Telefônica Group, supporting us in our effort to offer increasingly advanced, reliable and innovative services to our customers,” said Luiz Anton, vice president, Networks, Telefônica Group. “We rely on a vast array of technologies developed by Nortel Networks, spanning data communications, optical networks and enterprise systems. In addition, we are currently running trials of Nortel Networks next generation voice over IP (Internet Protocol) network solutions and multimedia applications, and look forward to working with them on implementing that technology in the future.” “Nortel Networks solutions are designed to help our customers protect their existing infrastructure investments, enabling them to expand service offerings gradually according to market demands,” said Hervé Adam, president, Nortel Networks Brazil. “We are committed to supporting Telefônica in evolving its infrastructure, and in optimizing its networks to offer new, revenue-generating services.” Nortel Networks OPTera Metro 4000 series is designed to help service providers offer a wide range of services, while driving lower operating costs by saving space, simplifying network management, and reducing spares requirements. In addition, DWDM (dense wavelength division multiplexing) support allows more bandwidth to be added on the same fiber. Nortel Networks has installed more than 20,000 OPTera Metro 4000 platform network elements around the world. Nortel Networks Passport 7000 series multiservice switches offer a versatile, reliable and scaleable networking platform for the service provider edge, delivering high performance, cost savings, investment protection and management simplicity. Nortel Networks Passport 15000 is a scaleable, high-capacity carrier-grade switch that enables operators to ‘grow as they go,’ supporting MPLS (multi-protocol label switching), IP VPN (virtual private network), ATM (Asynchronous Transfer Mode), frame relay, circuit emulation, and voice services with high quality of service (QoS). 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 severity and duration of the industry adjustment; 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; the ability to recruit and retain qualified employees; fluctuations in cash flow, the level of outstanding debt and debt ratings; the ability to meet financial covenants contained in our credit agreements; the ability to make acquisitions and/or 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; 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; 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; the entrance into an increased number of supply and outsourcing contracts which 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. 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. 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, OPTera and Passport are trademarks of Nortel Networks. Contact for Press and Analysts:Ann Fuller
Nortel Networks
(613) 768-1208
afuller@nortel.com
Fabiana Coelho
Nortel Networks
+55 11 5644-4334
fcoelho@nortel.com
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