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March 15, 2004
Nortel Networks Selected by Telekom Baltija to Deploy CDMA2000 1X 450 in Latvia
Network Planned to Offer Voice, High-Speed Data Services
RIGA, Latvia – Nortel Networks* [NYSE/TSX: NT] has been awarded a supply agreement by Telekom Baltija to deploy a CDMA2000 1X network that will be used to provide wireless voice and high-speed mobile data coverage for Latvia.
Deployment of the network, which will operate in the 450 MHz radio spectrum, is already underway. Telekom Baltija expects to launch the CDMA network in the second quarter of 2004 and offer commercial service beginning in the third quarter of 2004. Wireless service offerings will be based on enhanced quality voice and high-speed mobile and fixed data transmission services. “We are providing Telekom Baltija with a cost-effective 450 MHz wireless voice and data solution based on its specific business needs,” said Steve Searles, vice president, marketing, CDMA/TDMA, Nortel Networks. “This will help position Telekom Baltija to usher in a new era of wireless services in Latvia.” ”We plan to implement in Latvia one of the most progressive and advantageous mobile technologies in the world – CDMA,” said Michael Zotov, chairman of the board, A/S Telekom Baltija. “The key to success is a trusting relationship between the technology provider and operator. We are very pleased to be working with Nortel Networks, who we view as the most experienced CDMA technology provider.” CDMA 450 is a standard for use in countries transitioning to digital wireless service from Nordic Mobile Telephone (NMT) 450 analogue service and in countries advocating universal access to voice and data. Because of the lower radio spectrum, CDMA 450 has the advantage of covering a significantly larger geographical footprint compared to traditional cellular systems. This means fewer cell sites, lower capital expenditures and no need for licensed operators to acquire additional spectrum. Nortel Networks CDMA 450 solution helps position operators to reduce costs related to installation, commissioning and power consumption. Leveraging its experience in deploying large CDMA-based networks globally, Nortel Networks has designed its CDMA 450 products as dedicated, standalone radios. This provides operators with cost-effective carrier growth in the network and the flexibility to deploy voice and data services in both rural and urban environments. Nortel Networks CDMA technology is designed to maximize existing customer investments and help service providers drive down capital and operating costs. A leader in CDMA since 1995, Nortel Networks has designed and deployed CDMA networks over varying terrain and population densities for more than 65 operators across 17 countries. Nortel Networks CDMA technology supports multiple frequencies including 450, 800, 1900 and 2100 MHz simultaneously. Nortel Networks is a leader in development, deployment and evolution of all major air interfaces, including GSM, GPRS, EDGE, UMTS, TDMA, AMPS and WLAN. In October 2003, A/S Telekom Baltija received a public mobile telecommunications operator license, giving the company the rights to establish, develop and maintain the public mobile telecommunications network and to offer public telecommunications services. A/S Telekom Baltija was established in 1999, starting as IP Telephone Company. Rapidly developing, A/S Telekom Baltija become one of the leading telecommunication companies in Latvia, gaining popularity as the provider of international calls. On October, 2003, A/S Telekom Baltija received a public mobile telecommunications operator license, giving company the rights to establish, develop and maintain the public mobile telecommunications network and to offer public telecommunications services. Among A/S Telekom Baltija partners exchanging local and international traffic are such telecommunications companies as Lattelekom, Telia, Elion (Eesti Telefon), Lietuvos Telekomas, Golden Telecom, ITXC and iBasis. Nortel Networks is an industry leader and innovator focused on transforming how the world communicates and exchanges information. The Company is supplying its service provider and enterprise customers with communications technology and infrastructure to enable value-added IP data, voice and multimedia services spanning Wireless Networks, Wireline Networks, Enterprise Networks, and Optical Networks. As a global company, Nortel Networks does business in more than 150 countries. More information about Nortel Networks can be found on the Web 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 outcome of our independent review and any further restatement of our previously announced or filed financial results; the impact of the inability to meet our filing obligations on our credit and support facilities and public debt obligations; the sufficiency of our restructuring activities, including the potential for higher actual costs to be incurred in connection with restructuring actions compared to the estimated costs of such actions; continued reductions in spending by our customers; fluctuations in operating results and general industry, economic and market conditions and growth rates; the communication by our auditors of the existence of material weaknesses in internal control; the ability to recruit and retain qualified employees; fluctuations in cash flow, the level of outstanding debt and our current debt ratings; the ability to meet the financial covenant in our credit facilities; the use of cash collateral to support our normal course business activities; the dependence on our subsidiaries for funding; the impact of our defined benefit plans and our deferred tax assets on our results of operations, cash flows and compliance with our financial covenant; the dependence on new product development and our ability to predict market demand for particular products; the ability to integrate the operations and technologies of acquired businesses in an effective manner; the impact of rapid technological and market change; the impact of price and product competition; barriers to international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; the impact of rationalization in the telecommunications industry; changes in regulation of the Internet; the impact of the credit risks of our customers and the impact of customer financing and commitments; stock market volatility generally and as a result of acceleration of the settlement date or early settlement of our purchase contracts; risks associated with a consolidation of our common shares; the impact of supply and outsourcing contracts that contain delivery and installation provisions, which, if not met, could result in the payment of substantial penalties or liquidated damages; the future success of our strategic alliances; and the adverse resolution of litigation, intellectual property disputes and similar matters. For additional information with respect to certain of these and other factors, see the most recent Form 10-Q/A and Form 10-K/A filed by Nortel Networks with the United States Securities and Exchange Commission. Unless otherwise required by applicable securities laws, 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 and Business Without Boundaries are trademarks of Nortel Networks. Contact for Press and Analysts:Jay Barta
Nortel Networks
+33 1 69 55 51 11
jbarta@nortel.com
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