Nortel Will Supply Aerie Networks
DENVER (AP) _ Nortel Networks has signed a four-year agreement worth about $1 billion to provide equipment and services to Aerie Networks, which is extending its broadband network to 194 cities.
The deal announced Tuesday is expected to help Denver-based Aerie Networks, which was founded last year, to complete its network in 2004. The company has assembled nearly 15,000 miles of right of way along the pipelines of 12 energy and communications companies and has begun to lay fiber optic cables.
The deal ``will position us to build one of the most efficient, highest capacity networks ever envisioned, making us the first company to mass-produce bandwidth and permanently change industry economics,″ said Peter Geddis, Aerie Networks chief executive officer.
Aerie expects to have 432 fiber optic cables running along the 20,000 mile network. Aerie will provide network bandwidth and services to carriers, service providers, local-access providers and metropolitan area network providers.
On the Net:
Aerie Networks: http://www.aerienetworks.com/
Nortel Networks: http://www.nortelnetworks.com/