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Lucent had some good news. I am surprised they are not moving higher than this right now. I would think they should have hit atleast 2.00 on this news.

Sprint Signs $1 Billion Contract With Lucent Technologies To Enhance Nationwide PCS Network


Multi-Year Deal Highlights Sprint's Continued Commitment to Customer Satisfaction and Network Quality Leadership; Lucent to Provide 3G Mobile Infrastructure Equipment

MURRAY HILL, N.J., Jul 22, 2003 /PRNewswire via COMTEX/ -- Lucent Technologies (LU) and Sprint (NYSE: FON, PCS) today announced a major agreement to enhance and upgrade the largest high-speed wireless network in the United States with additional third-generation (3G) mobile equipment from Lucent. The two companies signed a new, multi-year contract valued at up to $1 billion, covering major markets across the United States from New York to California.

Lucent will provide Sprint with the Flexent(R) CDMA Modular Cell 4.0 and other advanced base stations, switching equipment, related software and advanced services. When added to the network, these solutions are expected to provide Sprint with improved performance and increased reliability throughout its network, leading to an improvement in overall network quality for millions of Sprint customers.

Under the agreement, Lucent Worldwide Services will provide installation, integration, optimization and Remote Technical Support services for Sprint's network upgrade.

"Customer satisfaction is the number one priority at Sprint," said Kathy Walker, senior vice president of Network Services at Sprint. "This new agreement with Lucent will help us continue to offer our customers the most advanced and comprehensive wireless services available while also improving the reliability, quality and performance of the Sprint network."

Sprint built its nationwide PCS network based on CDMA (code division multiple access) technology, which enables the cost-effective introduction of advanced mobile data services and increases in voice capacity. The new equipment from Lucent will enhance Sprint's nationwide 3G1X network, increase coverage and capacity, and enable Sprint to offer even more advanced data services based on CDMA2000 1xEV-DV technology in the future.

"We've been with Sprint since the company installed its first base station in 1996, and we're delighted that it is still turning to Lucent to provide the equipment that will help keep its network working at top performance for years to come," said Chuck Naylor, sales vice president, Lucent Technologies. "Our base station equipment is designed with the future in mind so that Sprint can make cost-effective and simple enhancements to deliver 1xEV-DV services to its customers."

CDMA2000 is an advanced and efficient wireless technology being introduced worldwide and an international 3G standard established by the International Telecommunications Union (ITU).

About Sprint

Sprint is a global integrated communications provider serving more than 26 million business and residential customers in over 100 countries. With approximately 70,000 employees worldwide and nearly $27 billion in annual revenues, Sprint is widely recognized for developing, engineering and deploying state-of-the-art network technologies, including the United States' first nationwide all-digital, fiber-optic network and an award-winning Tier 1 Internet backbone. Sprint provides local voice and data services in 18 states and operates the largest 100-percent digital, nationwide PCS wireless network in the United States. For more information, visit www.sprint.com.

About Lucent Technologies

Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs and delivers networks for the world's largest communications service providers. Backed by Bell Labs research and development, Lucent relies on its strengths in mobility, optical, data and voice networking technologies as well as software and services to develop next-generation networks. The company's systems, services and software are designed to help customers quickly deploy and better manage their networks and create new, revenue-generating services that help businesses and consumers. For more information on Lucent Technologies, visit its Web site at http://www.lucent.com.

Lucent's Mobility Solutions Group is a leading global provider of mobile networking technologies, having deployed more than 80,000 spread-spectrum base stations for mobile operators worldwide.

SOURCE Lucent Technologies

Debra Lewis of Lucent Technologies, [phone], ormobile - [phone], [e-mail]; or Dan Wilinsky of Sprint,[phone], [e-mail]

http://www.sprint.com

Copyright (C) 2003 PR Newswire. All rights reserved.