Fidelity Holdings and Lucent Technologies Announce Strategic Agreement to Deploy Nationwide Broadband Network

Fidelity Holdings, through its subsidiary IG2, has entered into a strategic agreement with Lucent Technologies to design, construct, and operate a nationwide broadband network for Internet Service Providers and wholesale carriers. Under the three-year agreement, worth up to $400 million, IG2 will deploy a backbone supporting Internet Protocol (IP) capable of delivering video, voice, and data services to 62 of the largest markets in the United States.

Key Takeaways:

• The agreement has an expected value of up to $400 million, with Lucent providing financing.
• IG2 will deploy a nationwide broadband network using Lucent's portfolio of industry-leading products and services.
• The network will support video, voice, and data services and will be provisioned through Digital Subscriber Lines (DSL) and a private national network.
• The network will focus on providing broadband access to the residential and small business markets in 31 states.
• Lucent's NetworkCare professional services group will provide network design, engineering, consulting, installation, and technical support.
• Lucent is the number one provider of multiservice WAN solutions to service providers worldwide.

Statistics:

• The agreement has an expected value of up to $400 million.
• The network will support 62 of the largest markets in the United States.
• The network will be provisioned through DSL and a private national network.
• The network will focus on providing broadband access to the residential and small business markets in 31 states.
• Lucent has provided financing for the agreement.

Sources:

• Fidelity Holdings, Inc. press release, April 13
• Lucent Technologies press release, April 13
• Cahners In-Stat Group market research report
• Dell'Oro Group market research report
• Synergy Research market research report
• Vertical Systems Group market research report