NTL Selects France Telecom for IP Transit

NTL, the UK's largest cable operator and broadband provider, selected France Telecom to provide its IP transit service. France Telecom will connect NTL to its global backbone network via two PoPs -- one in London and a new one in Bristol. Financial terms were not disclosed. http://www.francetelecom....

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Nortel Networks Builds 3G Net for Taiwan's Asia Pacific

Nortel Networks is building a 3G Wireless Data Network for Asia Pacific Broadband Wireless (APBW), which plans to launch Taiwan's first commercial 3G services in Q3 2003. Data services will be offered at rates up to 153 Kbps using CDMA2000 1X technology. APBW will also offer higher-speed data services in the Taipei metropolitan area with a peak rate of 2.4 Mbps using CDMA2000 1xEV-DO. Nortel Networks is the sole CDMA infrastructure provider for APBW, one of five Taiwan carriers awarded 3G licenses in February 2002. Nortel Networks provided circuit...

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BreconRidge to Acquire Module Business from Nortel Networks

BreconRidge Manufacturing Solutions agreed to acquire certain assets of Nortel Networks High-Speed Modules business unit, which is responsible for the design, development, manufacturing, test and sale of high-speed modules applicable to optical and wireless transmission systems, satellite communications systems, radar systems for the defense industry and other microelectronics applications with speeds greater than 10 Gbps. The deal includes Nortel Networks' leasehold interest in a state-of-the-art facility located at 500 Palladium Drive, Ottawa....

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FLAG to Make Early Buy Back Of Indenture Notes

FLAG Telecom notified The Bank of New York, its trustee, of its election to redeem all series of notes issued by the company under the Indenture on 25-August-2003. FLAG will redeem the notes, which have a combined face value of $50.25 million, for a discounted redemption value of $35.25 million and will pay all accrued but unpaid interest. FLAG Telecom its decision is a sign of confidence in its business plan. http://www.flagtelecom....

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