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

Strategic Insights -

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