Lucent Technologies Signs $51 Million Contract with Egyptian Company for Networks to Expand National ATM Backbone Network

Strategic Insights -

Lucent Technologies has announced a major expansion of its national asynchronous transfer mode (ATM) backbone data services network with Egyptian Company for Networks (EgyNet). The two companies have signed a $51 million contract, which includes the installation of high-capacity multiservice switches, DSL access concentrators, and router/bridges. This expansion is part of a larger plan by EgyNet to build a sophisticated data network for its business customers, which will provide Internet access, video broadcast capability, and other advanced services. The project is scheduled for completion in 2000 and is expected to have a total value of approximately $600 million.

Key Takeaways:

  • Lucent Technologies has signed a $51 million contract with Egyptian Company for Networks (EgyNet) to expand its national ATM backbone data services network.
  • The expansion includes the installation of high-capacity multiservice switches, DSL access concentrators, and router/bridges.
  • The project is part of a larger plan by EgyNet to build a sophisticated data network for its business customers, which will provide Internet access, video broadcast capability, and other advanced services.
  • The project is scheduled for completion in 2000 and is expected to have a total value of approximately $600 million.
  • Lucent Technologies will supply EgyNet with its market-leading CBX 500 Multiservice wide area network (WAN) switches, Stinger DSL access concentrators, and CellPipe router/bridges.
  • EgyNet was granted a license in July 1999 by the government of Egypt to build, operate, and manage a national data network for financial institutions in Egypt.
  • The expansion is expected to take advantage of the booming Egyptian communications market.

Statistics:

  • The contract value is $51 million.
  • The project is expected to be completed by 2000.
  • The total value of the network expansion plans is approximately $600 million.
  • Lucent Technologies will supply EgyNet with $51 million worth of equipment and services.
  • EgyNet was granted a license in July 1999 to build a national data network.

Sources:

  • [1] Lucent Technologies. (2000). Lucent Technologies Signs $51 Million Contract with Egyptian Company for Networks to Expand National ATM Backbone Network.
  • [2] Egyptian Company for Networks (EgyNet). (1999). Press Release: EgyNet Granted License by Government of Egypt to Build National Data Network.
  • [3] Lucent Technologies. (n.d.). About Lucent Technologies.
  • [4] Lucent Technologies. (n.d.). Lucent Technologies Products and Services.