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February 12, 2001
Nortel Networks CVX Platform to Boost Internet Experience
Supports V.92, V.44 Modem Standards for Faster Connections, Faster Downloads
BOSTON – Nortel Networks* [NYSE/TSE: NT] announced a significant enhancement to its CVX* Multiservice Access Switch platform with support for new V.92 and V.44 modem standards designed to enhance the dial access solutions delivered by service providers and carriers and to improve the Internet user experience.With Nortel Networks support of V.92 and V.44, service providers and carriers will be able to offer faster dial-up speeds, faster download times, and new, revenue-generating services such as Modem-On-Hold support.
“Supporting the V.92 and V.44 standards modem technology will enable access concentrators to deliver a more dynamic solution for dial access applications to carriers and service providers,” said Lily Yu, industry analyst, Remote and Internet Access, Gartner Dataquest.
“Incorporating these new standards into our CVX platform will enable our customers to provide new, revenue-generating services, as well as improve services they currently offer,” said Martha Bejar, general manager, CVX Network Access, Nortel Networks. “With this advanced capability for dial-up access, service providers will be able to deliver higher bandwidth services and faster downloads, providing an enhanced overall Internet experience.”
Achieving faster dial-up and download speeds will help bridge the gap between Broadband and dial access, the largest Internet connectivity market. According to a January 2001 Probe Research report there were over 127 million global consumer and SOHO (small office/home office) dial access connections in 2000. This number represents 75 percent of all Internet connections.
V.92 features include:
V.44 features include:
Nortel Networks plans to deliver the new advanced modem capability on its carrier-class CVX 1800* and CVX 600 Multiservice Access Switches in the first quarter of this year.
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; and the impact of increased provision of customer financing 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, CVX and CVX 1800 are trademarks of Nortel Networks.
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