Verizon Wireless awards $5 billion contract to Lucent Technologies for next-generation network expansion

July 13, 2004

1 Min Read

BEDMINSTER/MURRAY HILL, N.J -- Verizon Wireless, the nation's leading wireless service provider, and Lucent Technologies (NYSE: LU) today announced an agreement worth at least $5 billion for Lucent to supply a wide variety of network equipment, software and services for Verizon Wireless' national next-generation voice and data network. With this agreement Lucent will continue as Verizon Wireless' primary next-generation network infrastructure supplier.

The equipment, software and services from Lucent will make it possible for Verizon Wireless to increase the coverage and capacity of its existing next-generation voice network and high-speed, wide-area BroadbandAccess data network based on CDMA2000 1xEV-DO technology. This agreement also will enable Verizon Wireless to cost-effectively evolve its network to provide next-generation voice, data and video services in the future while preserving its investments in its existing network.

"At Verizon Wireless, we're focused on our growing customer base and ensuring that they have the highest quality products and services," said Dick Lynch, executive vice president and chief technical officer for Verizon Wireless. "Lucent has long been a key supplier and has helped us provide our customers the most satisfying wireless experience possible. Going forward, we're going to count on Lucent as we roll out high-speed mobile data services nationwide and continuously improve the quality and reliability of our network."

Lucent Technologies Inc.

Verizon Wireless

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