22 Oct 1998
Lucent is to pump $2 billion worth of equipment financing into start-up Winstar to help it build a US fixed wireless broadband infrastructure.
Winstar plans to extend the network across the globe to become the world's first end-to-end broadband set-up. Initially a local network will use Lucent's 80-channel dense wave division multiplexing (DWDM) optical networking technology.
Further reading
Lucent will provide financing over five years and Winstar will gain access to $500 million worth of funds in tranches.
Through its Wireless Fiber services, Winstar provides local and long distance phone services as well as a range of Internet features.
Winstar chairman and chief executive, William Rouhana, said: "With Lucent's networking knowledge behind us, we are positioned to be the first competitive carrier to create a nearly ubiquitous end-to-end broadband network in the top 100 world markets."
Latest stories from Web
Related videos
Related articles
Related jobs
Poll
Are you confident that the UK's IT infrastructure is secure from attack in the wake of the Flame malware revelations?
Orange and Intel talk us through the ins and outs of their San Diego smartphone
Connect with V3.co.uk
The wrong printers, for the wrong tasks on the wrong contracts
Who leads the BI pack and who should we be watching out for?
Helpdesk/Service Analyst x 3 3 Month Contract...
French Technical support Specialist (2/3rd Line) CCNA...
ECM Project Manager - CMS, "Document Management", Web...
Skills - Presales, Consultant / Consultancy, Technical...
Keep up to date with the latest products, services and technologies from the world's leading IT companies. IThound.com brings you over 2,000 white papers, case studies and analyst reports.
Do you agree?