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CoreExpress Buys Nortel Gear

July 13, 2000 |

CoreExpress, the first company to guarantee extranet communications across multiple Internet Service Providers (ISPs), will deploy Optical Internet solutions from Nortel Networks* [NYSE/TSE: NT] under a multi-year equipment and services agreement valued at approximately US$100 million.

CoreExpress also has the option to purchase additional Nortel Networks optical solutions as network expansion demands, bringing the potential estimated contract value close to US$300 million.

Nortel Networks will provide CoreExpress with a complete, end-to-end network solution - including planning, engineering, and network management - to support initial deployment of a 22,000-mile, coast-to-coast, IP (Internet Protocol)-backbone network. This network is the foundation of CoreExpress' Internet Data Exchange System (iDES*), its platform for the industry's first multi-ISP extranet service.

http://www.nortelnetworks.com/corporate/news/newsreleases/2000b/07_13_0000399_core_express.html



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