The reason NT increased today was CHINA again:
(I bet it will increase a little tomorrow, then decrease ...)
NORTEL NETWORKS WINS APPROXIMATELY US$65 MILLION IN CHINA UNI ...
China Unicom, the country's leading alternate wireless operator, has awarded contracts to Nortel Networks and its flagship manufacturing joint venture company in the People's Republic of China, Guangdong Nortel Telecommunications Equipment Ltd., collectively estimated at approximately $65-million (U.S.) -- for expansion of its CDMA and GSM networks.
Under an estimated $25-million (U.S.) contract with Guangdong Nortel, China Unicom plans to expand its CDMA network capacity in Hunan province using Nortel Networks Univity CDMA2000 1X equipment. This builds on the estimated $280-million (U.S.) in CDMA2000 1X contracts Nortel Networks announced with China Unicom in October, 2002, for Zhejiang, Shandong, Heilongjiang, Henan and Jiangxi provinces, and Chongqing municipality.
Under the contract, the deployment is to include Nortel Networks Univity radio, core switching and intelligent networking equipment that will help position China Unicom to drive improved spectrum efficiency and reduced costs. Univity will also position China Unicom to migrate to an all-IP (Internet protocol) packetized network.
China Unicom has also awarded new contracts estimated at approximately $40-million (U.S.) to Nortel Networks for expansion of its GSM networks in Heilongjiang, Hunan, Henan, Zhejiang and Shandong. These expansions -- including GSM switching, radio base stations and transmission equipment -- are expected to increase China Unicom's GSM network capacity by more than 1.25 million subscribers.
"Nortel Networks is very proud to have been chosen by China Unicom to implement these major CDMA and GSM network expansion projects," said Yuan-Hao Lin, acting president, Nortel Networks China. "We have already deployed CDMA networks for China Unicom in eight provinces and GSM networks in nine, and look forward to sharing in China Unicom's continued success in China's growing wireless market.
"We continue to work closely with China Unicom and other global service providers to deploy wireless data networks that can help position them to drive reduced operating costs, protect capital investments, and drive profits from the growing demand for advanced communication services."
Nortel Networks recently outlined its new wireless data networks strategy and a new wireless brand -- Univity. Based on packetized voice, all-IP networking and more spectrally efficient access technologies, this strategy aims to address the industry's changing business needs for migration to next-generation technologies, and to reduce the cost of transmitting network traffic by as much as tenfold.
WARNING: The company relies upon litigation protection for "forward-looking" statements.