Dubai Silicon Oasis Selects Nortel to Create Innovation-Driven Technology Institution

Geschrieben am 19-11-2006

Dubai, November 19 (ots/PRNewswire) -

- Latest Generation IP Data Network Will Benefit More Than 10,000

Dubai Silicon Oasis (DSO), the region's number one integrated
innovations hub for high-tech industries, has selected Nortel(x)
(NYSE: NT , TSX: NT) to supply a next-generation, highly-resilient
IP network for its headquarters opening in early 2007. The new
infrastructure will be deployed by Nortel's partner Beta Information
Technology. Dubai Silicon Oasis is a wholly-owned entity of the
government of Dubai, operating as a free zone technology park for
semiconductors, microelectronics and other electronic-based companies
looking to set up their regional headquarters and R&D divisions. The
network from Nortel will give DSO a scalable, mobile and truly
unified communications network, supporting DSO's staff, tenants and
affiliate companies business growth while providing a flexible
foundation for future advanced communications services. "Deploying
Nortel converged IP solutions was a logical choice because they
perfectly combine network intelligence, resiliency, scalability, and
security while controlling total costs of ownership," said Mrs.
Shahla Ahmed Abdul Razak, deputy CEO, DSO. "Dubai Silicon Oasis aims
to create a knowledge-based economy and this partnership reflects how
an organization can implement best IT services to achieve greater
efficiencies and offer competitive advantages for the corporations
that decide to participate in our project." "Nortel's technology will
provide DSO with a highly secure and reliable, high-speed network
based on the latest technologies for current and next-generation
multimedia applications," said Ramin Attari, Middle East Leader,
Nortel. "The flexibility to easily expand to meet future demand while
maintaining a highly secure and 'always on' business critical network
will be crucial to meeting DSO's business plan for higher service and
efficiency." On the infrastructure side, the solution consists of a
resilient terabit cluster of two Nortel Ethernet Routing Switch 8600s
at the core and Nortel Ethernet Routing Switch 5520 at the edge
providing power over LAN, and 10/100/1000 connectivity. In addition,
the solution includes Nortel's WLAN 2300 for secure Wi-Fi coverage
and seamless mobility throughout the HQ buildings.

About Dubai Silicon Oasis (DSO)

Dubai Silicon Oasis Authority (DSOA), a 100% owned entity by the
Government of Dubai is a free zone, strategically placed on the
Emirates road. DSOA's urban master-planned community spans 7.2 square
kilometers of state of the art office towers, R&D and industrial
zones, educational institutions, luxury apartments, villas, hotels,
healthcare and a full range of lifestyle facilities which translate
into a dynamic commercial and social environment. Businesses can
flourish under the unrivalled package of incentives, including 100%
ownership, and high end IT infrastructure that allows companies to
begin operating immediately. Visit us at www.dso.ae.

About Nortel

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 www.nortel.com. For the latest Nortel news, visit

Certain statements in this press release may contain words such as
"could", "expects", "may", "anticipates", "believes", "intends",
"estimates", "targets", "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. Nortel has made
various assumptions in the preparation of its financial outlook in
this press release, including the following company specific
assumptions: no further negative impact to Nortel's results of
operations, financial condition and liquidity arising from Nortel's
restatements of its financial results; Nortel's prices increasing at
or above the rate of price increases for similar products in
geographic regions in which Nortel sells its products; increase in
sales to Nortel's enterprise customers and wireless service provider
customers in the Asia Pacific region as a result of Nortel's joint
venture with LG Electronics Inc.; anticipated growth in sales to
enterprise customers, including the full year impact to Nortel's
revenues from its acquisition of PEC Solutions, Inc., (now Nortel
Government Solutions Incorporated); improvement in Nortel's product
costs due to favorable supplier pricing substantially offset by
higher costs associated with initial customer deployments in emerging
markets; cost reductions resulting from the completion of Nortel's
significant financial restatements and 2004 restructuring plan; a
moderate increase in costs over 2005 related to investments in the
finance organization and remedial measures related to Nortel's
material weaknesses in internal controls; increased employee costs
relative to expected cost of living adjustments and employee bonuses
offset by a significant reduction in executive recruitment and
severance costs incurred in 2005; and the effective execution of
Nortel's strategy. Nortel has also made certain macroeconomic and
general industry assumptions in the preparation of its financial
guidance including: a modest growth rate in the gross domestic
product of global economies in the range of 3.9% which is higher than
the growth rate in 2005; global service provider capital expenditures
in 2006 reflecting mid to high single digit growth as compared to low
double digit growth in 2005; a general increase in demand for
broadband access, data traffic and wireless infrastructure and
services in emerging markets with the rate of growth in developed
markets beginning to slow; and a moderate impact as a result of
expected industry consolidation among service providers in various
geographic regions, particularly in North America and EMEA. The above
assumptions, although considered reasonable by Nortel at the date of
this press release, may prove to be inaccurate and consequently
Nortel's actual results could differ materially from its expectations
set out in this press release. 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 approval of its proposed
class action settlement; 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; the sufficiency of recently announced
restructuring actions, including the potential for higher actual
costs to be incurred in connection with these restructuring actions
compared to the estimated costs of such actions and the ability to
achieve the targeted cost savings and reductions of Nortel's unfunded
pension liability deficit; 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, including completion of the sale of its
UMTS access business to Alcatel; 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 support 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 support
facility; 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 the planned 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.

(x) Nortel, the Nortel logo and the Globemark are trademarks of
Nortel. Use of the terms "partner" and "partnership" does not imply a
legal partnership between Nortel and any other party.

ots Originaltext: Nortel Networks
Im Internet recherchierbar: http://www.presseportal.de

For further information: José Luis Menoyo, Nortel, +34-917-094-567,
menoyo@nortel.com; Maliha Aqeel, Dubai Silicon Oasis,
+971-4-361-3598, Maliha.Aqeel(at)jiwin.ae; Eman Hussein or Carol
Matta, Spot On Public Relations, +971-4-349-1686, emanh@spotonpr.com
or carolm(at)spotonpr.comv


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