Nortel to build 3G for Telefonica

Nortel Networks [NYSE/TSE: NT] has signed a $250m deal to build out 3G networks for Telefonica Moviles SA in Spain and Germany.

Nortel to build 3G for Telefonica
Wed, 13 Mar, 2002 - 13:30

Nortel Networks [NYSE/TSE: NT] has signed a $250m deal to build out 3G networks for Telefonica Moviles SA in Spain and Germany.

Nortel is to finance $230m of the $250m contract over three years. The network rollout is scheduled to commence in Q2 2002.

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CourtsHeathrowPlace: SpainPlace: GermanyPerson: Pascal DebonOrganisation: NortelOrganisation: Telefonica Nortel NetworksOrganisation: Telefonica Moviles SAOrganisation: Nortel NetworksOrganisation: TelefonicaOrganisation: UTRANOrganisation: Cingular WirelessOrganisation: Telefonica Moviles
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