FiberNet , Nortel Ink $200 Million Contract

Two-year deal includes rollout of OPTera Metro solution in five major U.S. cities

July 28, 2000

1 Min Read

BOSTON -- FiberNet Telecom Group, Inc. [NASDAQ: FTGX], a metro carrier's carrier, has awarded Nortel Networks [NYSE/TSE: NT] a two-year contract estimated to be worth US$200 million to expand its new, high-capacity metropolitan fiber optic networks in New York City, and to build new networks in Chicago and three other major U.S. metropolitan areas. This will increase FiberNet's commitment to Nortel Networks Optical Internet equipment and services to US$260 million, including a US$60 million contract announced earlier this year. It includes the comprehensive Nortel Networks OPTera Metro portfolio.

"Nortel Networks OPTera Metro will be instrumental in expanding our network in New York City and other major markets across the country," said Michael Liss, president and chief executive officer, FiberNet Telecom Group. "Nortel Networks metropolitan solutions are among the most reliable and robust in the industry, giving FiberNet the capability to support the high-bandwidth, high-availability data services that our carrier customers demand. In addition, Nortel Networks expertise in designing and building these networks will be instrumental in achieving our expansion goals on time and on budget."

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