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Telecommunications systems

Wireless Networks and Online Retail: Top Business Stories of the Hour

Strategic Insights

— 2 min read

Lucent Technologies has signed major contracts with Portugal's Telesp Celular to build wireless networks in the state of Sao Paulo, Brazil, totaling $340 million. The installation of wireless CDMA networks is expected to support more than 1.5 million subscribers in Greater Sao Paulo and other areas of Brazil. Meanwhile, Fidelity Investments has partnered with BellSouth Wireless Data to deliver its InstantBroker service nationwide to investors via the BellSouth Intelligent Wireless Network, with monthly service rates starting as low as $49.95. Additionally, California-based Monterey Pasta has launched its online store on its website, featuring refrigerated fresh pastas and sauces, with plans to expand the store to include non-food items such as cooking utensils and a pasta club.

Key Takeaways:

  • Lucent Technologies has signed contracts totaling $340 million with Portugal's Telesp Celular to build wireless networks in the state of Sao Paulo, Brazil.
  • The contracts will support more than 1.5 million subscribers in Greater Sao Paulo and other areas of Brazil.
  • Fidelity Investments has partnered with BellSouth Wireless Data to deliver its InstantBroker service nationwide to investors.
  • Monthly service rates for Fidelity's InstantBroker service will start at $49.95.
  • Monterey Pasta has launched its online store on its website, featuring refrigerated fresh pastas and sauces.
  • The online store will soon be expanded to include non-food items such as cooking utensils and a pasta club.
  • The launch of Monterey Pasta's online store is part of the company's plans to expand its e-commerce presence.

Statistics:

  • Lucent Technologies' contracts with Portugal's Telesp Celular total $340 million.
  • The wireless networks are expected to support more than 1.5 million subscribers in Greater Sao Paulo and other areas of Brazil.
  • Fidelity Investments' InstantBroker service will be nationwide, with monthly service rates starting at $49.95.
  • Current gold prices:

+ New York's Comex: $287.50 an ounce, down 80 cents from Monday's close.

+ London: $287.25 an ounce, down 25 cents from Monday's close.

+ Zurich: $287.75 an ounce, unchanged from Monday's close.

  • Current silver prices:

+ New York's Comex: $5.03 an ounce, up 12.8 cents from Monday's close.

Sources:

  • Lucent Technologies, "Lucent Signs $340 Million Contracts with Telesp Celular for Wireless Networks in Brazil"
  • Fidelity Investments, "Fidelity and BellSouth Wireless Data Announce Nationwide InstantBroker Service"
  • Monterey Pasta, "Monterey Pasta Launches Online Store"
  • New York Comex, "Gold and Silver Prices at 1:25 p.m. Eastern Time"
  • London Gold Market, "Gold Prices at 1:25 p.m. Eastern Time"
  • Zurich Gold Market, "Gold Prices at 1:25 p.m. Eastern Time"

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