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Lucent Technologies wins optical, data network contracts valued at $US145 million from Saudi Telecom.
0 Comments | M2 Presswire, March, 2000
M2 PRESSWIRE-10 March 2000-LUCENT TECHNOLOGIES: Lucent Technologies wins optical, data network contracts valued at $US145 million from Saudi Telecom (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:09032000 RIYADH, SAUDI ARABIA -- Lucent Technologies (NYSE: LU) today announced that it has won two contracts from Saudi Telecom Co (STC), the Middle East's largest service provider, to expand its optical transmission and data networks to meet customers' Internet and voice network needs.
The total value of the two contracts is US$145 million (approximately Saudi Riyal 544 million). "We are proud to have been selected by the Saudi Telecom for these projects," said John Heindel, president of Lucent Saudi Arabia. "They envision the needs of tomorrow's networks...
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