'Can You Hear Me Now?' (For $6 Billion)
Verizon Wireless has awarded Alcatel-Lucent a three-year contract worth an estimated $6 billion to supply network equipment, software and services. Under the agreement announced Monday, Alcatel-Lucent will support Verizon Wireless' "ongoing network expansion and continuous improvements."
The contract is also expected to make it possible for Verizon Wireless to increase the coverage and capacity of its broadband access data network based on CDMA2000, a third-generation wireless standard, and to introduce new mobile video telephony and Internet-based telephone technology.
"We will deliver value over fully interoperable IP-services that enhance the lifestyles of our customers -- by offering multimedia services that combine voice, data, and video capabilities," said Dick Lynch, Verizon Wireless's chief technology officer, in a statement. -- Winter Casey
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