Nortel, Teleglobe Ink $400M Deal

To enable enhanced IP, ATM, and managed wavelength services from Teleglobe

November 20, 2000

1 Min Read

RESTON, Va. -- In another major step in the deployment of its GlobeSystem(sm) network, Teleglobe (TSE: BCE - news) has signed a US$400 million contract with Nortel Networks(a) (NYSE, TSE: NT - news news) to supply its high-performance Optical Internet services throughout Teleglobe's global IP network. The investment enables Teleglobe to deliver enhanced IP and ATM services such as VPN as well as additional managed wavelength services worldwide. Nortel Networks' Optical Internet services, when combined with advanced optical amplification technology, provide Teleglobe with the electronics and network uniformity needed to maximize both the bandwidth capacity and the operating efficiency of its fiber optic terrestrial and submarine cables.

"Three factors were critical in this investment decision: a turnkey solution, advanced capacity and an accelerated deployment schedule - all of which combine to support Teleglobe's objectives of growing our Internet and data services business, accelerating the deployment of our GlobeSystem network and addressing pent-up demand for bandwidth and intensive Internet services," said Teleglobe's President, Global Operations Stu Verge. "Teleglobe gains efficiencies in network management, improves response times and reduces administrative costs - making for an even more competitive, flexible and faster network."

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