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Nortel Wins $165M Net2000 Contract

BOSTON -- Net2000 (Nasdaq:NTKK), an integrated communications provider, has selected Nortel Networks (NYSE:NT)(TSE:NT.) to provide network equipment and professional services for expansion of its network in the United States under a three-year agreement estimated to be worth US$165 million. Nortel Networks will provide Net2000 with a complete packet telephony solution including Nortel Networks Passport multiservice switches and gateways, Nortel Networks Succession communications servers, Nortel Networks OPTera Metro optical solutions, and professional services. Net2000 plans to use the expanded network to offer integrated voice, video and data services to an increasing number of medium-to-large enterprise customers.

"Our vision of becoming a single source provider nationwide of integrated services will be fostered by our movement to next generation packet telephony equipment utilizing an optical backbone," said Charlie Thomas, chief executive officer, Net2000. "This optical and next generation equipment that we have selected from Nortel Networks will enable us to be much more competitive in a tightening market with lower capital expenditures and increased service revenue. We selected Nortel Networks as our vendor of choice for its superior networking portfolio and proven professional services."

http://www.nortelnetworks.com
skeptikal 12/4/2012 | 7:33:27 PM
re: Nortel Wins $165M Net2000 Contract Nortel wins a contract to fund yet another mis-managed CLEC startup; run by a bunch of egotiscal neophytes. And today, NET2000 announces their banckruptcy and sale of assets. NT and NET2000 belong to one another
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