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March 29, 2001
Net2000 Signs US$165 Million Deal With Nortel Networks for Packet Telephony Solution
BOSTON - Net2000 [NASDAQ: NTKK], an integrated communications provider, has selected Nortel Networks* [NYSE/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," Thomas said. "We selected Nortel Networks as our vendor of choice for its superior networking portfolio and proven professional services." "Net2000's comprehensive service model is supported by Nortel Networks integrated network solutions," said Frank Plastina, president, Wireless and Core Networks, Nortel Networks. "By delivering next generation products, we are able to help speed our customers' time to market." Nortel Networks industry leading Passport 15000 is a high-capacity, carrier-grade switch that supports ATM, frame relay, IP (Internet Protocol) routing, MPLS, circuit emulation, and voice services. Passport 15000 Packet Voice Gateway provides high-density voice processing on the industry's leading multiservice gateway, making it ideal for the challenges of today's service provider networking environment. Nortel Networks Succession Communications Server 2000 serves as the intelligent core of a packet-based network and provides a rich suite of telephony, multimedia and custom services. Nortel Networks OPTera Metro optical solution enables rapid deployment of end-to-end managed optical networks. Nortel Networks is a global Internet and communications leader with capabilities spanning Optical, Wireless, Local, Personal Internet and eBusiness. The Company had 2000 U.S. GAAP revenues of US$30.3 billion and serves carrier, service provider and enterprise customers globally. Today, Nortel Networks is creating a high-performance Internet that is more reliable and faster than ever before. It is redefining the economics and quality of networking and the Internet, promising a new era of collaboration, communications and commerce. Visit us at www.nortelnetworks.com. Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price and product competition; the dependence on new product development; the impact of rapid technological and market change; the ability of Nortel Networks to make acquisitions and/or integrate the operations and technologies of acquired businesses in an effective manner; general industry and market conditions and growth rates; international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; the impact of consolidations in the telecommunications industry, the uncertainties of the Internet; stock market volatility; the ability of Nortel Networks to recruit and retain qualified employees; the ability to obtain timely, adequate and reasonably priced component parts from suppliers and internal manufacturing capacity; the impact of the credit risks of our customers; the entrance by Nortel Networks into an increased number of supply, turnkey, and outsourcing contracts which contain delivery, installation, and performance provisions, which, if not met, could result in Nortel Networks having to pay substantial penalties or liquidated damages; and the impact of increased provision of customer financing and commitments by Nortel Networks. For additional information with respect to certain of these and other factors, see the reports filed by Nortel Networks with the United States Securities and Exchange Commission. Nortel Networks disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. *Nortel Networks, the Nortel Networks logo, the Globemark, Passport, Succession and OPTera are trademarks of Nortel Networks.Contact for Press and Analysts:
Dana Hughens
Nortel Networks
770-708-8982
dhughens@nortel.com
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