Nortel Networks

Nortel, Pride Bring Fast, 'Triple Play' Services to Nizhnevartovsk

    Moscow, Russia (ots/PRNewswire) -

    -  Metro Ethernet Solution Ten Times Faster than Previous Technologies

MOSCOW, Russia, June 26 /PRNewswire/ --

    Pride, an alternative telecommunications services provider in West Siberia, has launched 'triple play' voice, video and multimedia services in  Nizhnevartovsk City at ten times the speed of previous technologies using a  Nortel(x) (NYSE/TSX: NT) solution. The newly deployed Metro Ethernet  network for Pride is also making available services such as IPTV with video  on demand; VoIP; and high-speed Internet access.

    For homes in Nizhnevartovsk (population 249,000) this is the first time  that such high-speed Internet services have been offered. The Pride  'Ethernet to the Home' service offers speeds up to 100 Mbps for residential  and business subscribers.

    Pride plans to use its new high-speed communication capabilities to  build a subscriber base of at least 30 percent of Nizhnevartovsk's  population by the end of 2006. Future plans involve extending the network  and offering triple play services in other areas of West Siberia such as  the city of Tyumen which has a population of over 538,000.

    "Pride selected Nortel because its technology helped us create a single  network infrastructure for delivering reliable and high-quality voice,  video and data services that sharpen our competitive edge in an important  Russian regional market," said Viktor Lukashev, general manager Pride LLC.  "The built- in flexibility for network expansion also allows us to easily  and cost- effectively introduce services and expand the Pride subscriber  base across the Khanty-Mansiysk and Tyumen regions of West Siberia."

    "Pride sets a good example for how to maintain a competitive edge in  Russia's regional telecommunications space using a Nortel Metro Ethernet  solution. The solution has transformed Pride's existing network to deliver  faster and more efficient new services," said Sorin Lupu, president,  Eastern region, Nortel EMEA. "The Nortel high availability pledge for Metro  Ethernet networks also reassured Pride that these new services can be  delivered with confidence."

    Pride's Metro Ethernet network was sold and integrated with the support  of Nortel's Moscow-based Sales Partner Step Logic. Nortel and Step Logic  have worked together in the Russian market since the mid-1990s. "The Pride  triple play network is the latest successful result in our ongoing  collaboration with Nortel in Russia," said Andrey Kudriavtsev, general  manager, Step Logic.

    The Pride triple play network is based on Nortel's Metro Ethernet portfolio, including the Metro Ethernet Routing Switch 8600 and the Metro  Ethernet Service Unit 1800 which provides a cost-effective platform purpose - built for the edge of provider networks.

MOSCOW, Russia, June 26 /PRNewswire/ --

    About Nortel

MOSCOW, Russia, June 26 /PRNewswire/ --

    Nortel is a recognized leader in delivering communications capabilities  that enhance the human experience, ignite and power global commerce, and  secure and protect the world's most critical information. Our next- generation technologies, for both service providers and enterprises, span  access and core networks, support multimedia and business-critical  applications, and help eliminate today's barriers to efficiency, speed and  performance by simplifying networks and connecting people with information.  Nortel does business in more than 150 countries. For more information,  visit Nortel on the Web at For the latest Nortel news, visit

MOSCOW, Russia, June 26 /PRNewswire/ --

    Certain statements in this press release may contain words such as " could", "expects", "may", "anticipates", "believes", "intends", "estimates ", "plans", "envisions", "seeks" and other similar language and are  considered forward-looking statements or information under applicable  securities legislation. These statements are based on Nortel's current  expectations, estimates, forecasts and projections about the operating  environment, economies and markets in which Nortel operates. These  statements are subject to important assumptions, risks and uncertainties,  which are difficult to predict and the actual outcome may be materially different. Further, actual results or events could differ materially from  those contemplated in forward- looking statements as a result of the  following (i) risks and uncertainties relating to Nortel's restatements and  related matters including: Nortel's most recent restatement and two  previous restatements of its financial statements and related events; the  negative impact on Nortel and NNL of their most recent restatement and  delay in filing their financial statements and related periodic reports;  legal judgments, fines, penalties or settlements, or any substantial  regulatory fines or other penalties or sanctions, related to the ongoing  regulatory and criminal investigations of Nortel in the U.S. and Canada;  any significant pending civil litigation actions not encompassed by Nortel's proposed class action settlement; any substantial cash payment and /or significant dilution of Nortel's existing equity positions resulting  from the finalization and approval of its proposed class action settlement,  or if such proposed class action settlement is not finalized, any larger  settlements or awards of damages in respect of such class actions; any  unsuccessful remediation of Nortel's material weaknesses in internal  control over financial reporting resulting in an inability to report  Nortel's results of operations and financial condition accurately and in a timely manner; the time required to implement Nortel's remedial measures;  Nortel's inability to access, in its current form, its shelf registration  filed with the United States Securities and Exchange Commission (SEC), and  Nortel's below investment grade credit rating and any further adverse  effect on its credit rating due to Nortel's restatements of its financial  statements; any adverse affect on Nortel's business and market price of its  publicly traded securities arising from continuing negative publicity  related to Nortel's restatements; Nortel's potential inability to attract  or retain the personnel necessary to achieve its business objectives; any  breach by Nortel of the continued listing requirements of the NYSE or TSX  causing the NYSE and/or the TSX to commence suspension or delisting  procedures; (ii) risks and uncertainties relating to Nortel's business  including: yearly and quarterly fluctuations of Nortel's operating results;  reduced demand and pricing pressures for its products due to global  economic conditions, significant competition, competitive pricing practice,  cautious capital spending by customers, increased industry consolidation,  rapidly changing technologies, evolving industry standards, frequent new  product introductions and short product life cycles, and other trends and industry characteristics affecting the telecommunications industry; any  material and adverse affects on Nortel's performance if its expectations  regarding market demand for particular products prove to be wrong or  because of certain barriers in its efforts to expand internationally; any  reduction in Nortel's operating results and any related volatility in the  market price of its publicly traded securities arising from any decline in  its gross margin, or fluctuations in foreign currency exchange rates; any  negative developments associated with Nortel's supply contract and contract manufacturing agreements including as a result of using a sole supplier for  key optical networking solutions components, and any defects or errors in  Nortel's current or planned products; any negative impact to Nortel of its  failure to achieve its business transformation objectives; additional  valuation allowances for all or a portion of its deferred tax assets;  Nortel's failure to protect its intellectual property rights, or any  adverse judgments or settlements arising out of disputes regarding  intellectual property; changes in regulation of the Internet and/or other  aspects of the industry; Nortel's failure to successfully operate or  integrate its strategic acquisitions, or failure to consummate or succeed  with its strategic alliances; any negative effect of Nortel's failure to evolve adequately its financial and managerial control and reporting systems and processes, manage and grow its business, or create an effective  risk management strategy; and (iii) risks and uncertainties relating to  Nortel's liquidity, financing arrangements and capital including: the  impact of Nortel's most recent restatement and two previous restatements of  its financial statements; any inability of Nortel to manage cash flow  fluctuations to fund working capital requirements or achieve its business objectives in a timely manner or obtain additional sources of funding; high  levels of debt, limitations on Nortel capitalizing on business  opportunities because of credit facility covenants, or on obtaining  additional secured debt pursuant to the provisions of indentures governing  certain of Nortel's public debt issues and the provisions of its credit  facilities; any increase of restricted cash requirements for Nortel if it  is unable to secure alternative support for obligations arising from  certain normal course business activities, or any inability of Nortel's  subsidiaries to provide it with sufficient funding; any negative effect to  Nortel of the need to make larger defined benefit plans contributions in  the future or exposure to customer credit risks or inability of customers  to fulfill payment obligations under customer financing arrangements; any  negative impact on Nortel's ability to make future acquisitions, raise  capital, issue debt and retain employees arising from stock price  volatility and further declines in the market price of Nortel's publicly  traded securities, or any future share consolidation resulting in a lower  total market capitalization or adverse effect on the liquidity of Nortel's  common shares. For additional information with respect to certain of these  and other factors, see Nortel's Annual Report on Form 10- K/A, Quarterly Report on Form 10-Q and other securities filings with the SEC. Unless otherwise required by applicable securities laws, Nortel disclaims any  intention or obligation to update or revise any forward-looking statements,  whether as a result of new information, future events or otherwise.

MOSCOW, Russia, June 26 /PRNewswire/ --

    (x)Nortel, the Nortel logo and the Globemark are trademarks of Nortel Networks.

MOSCOW, Russia, June 26 /PRNewswire/ --

    Use of the terms "partner" and "partnership" does not imply a legal partnership between Nortel and any other party.

ots Originaltext: Nortel Networks
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