Presto Telecomunicaciones and Lucent Technologies Announce Strategic Alliance To Build $300 Million Telecommunications Network In Mexico.
Initial Phase Of Network Development To Focus On Integrated Voice and Data Services
Presto Telecomunicaciones, SA de CV, and Lucent Technologies (LU) announced today a strategic agreement to build a "state-of-the-art" national telecommunications network to provide high quality long distance, data, and enhanced services in Mexico.
Presto announced that the first phase of the project calls for the installation of a powerful, state of the art integrated voice and data network platform, which will allow Presto to rapidly provide local and long distance telephone services and high speed internet access. This "next generation" packet based technology, developed by Lucent, will enable Presto to provide a multi-service environment, in which traditional "telephony" and data features are integrated in a packet environment, supporting convergence at the network core. Under the terms of the broad, cross-product line agreement, Lucent Technologies will also supply Presto its leading fiber optics, switching, transmission, data, messaging and call center products, as well as integration and intelligent network services.
Presto Telecomunicaciones, SA de CV, is operated by (its largest shareholder) Presto Telecommunications Inc., an emerging Latin American Telecommunications company, committed to building a 4,770 kilometer fiber optic network backbone in Mexico. Upon completion, the $300 Million network will span 32 states within Mexico, and capable of covering as much as 85% of the population. Network construction is to begin in the fourth quarter of 1999. As holder of the Mexican "Class A" Telecommunications Concession, Presto expects to achieve significant gains in Mexico's lucrative domestic and International long distance markets.
Says President, (A.L.) Bobby Vassallo, "Lucent's technology and expertise will give Presto a competitive edge as we develop the next generation of communications networks to better serve our customers. Technologically speaking, the border no longer exists between the U.S. and Latin America. Lucent has helped Presto bring down the walls." Presto's goal is to provide the best quality voice and data network at the lowest cost and the fastest time to market, implementing a no-legacy switch network composed of voice, ATM, IP, fiber, broadband wireless, supporting customer voice, Ethernet, Internet, and Web based services.
"In addition to our hardware, software and services, we will bring the full synergies and technological resources of Lucent and Bell Labs to help build a state-of-the-art network for Presto to quickly become a major player in the Mexican market as a value added service provider," said Rogelio Velasco, Lucent Technologies de Mexico managing director.
Presto Telecommunications, Inc., a privately held company headquartered in San Diego, California, is a rapidly growing facilities-based carrier focusing on customers in the under-served, mid-sized markets across Mexico and Latin America. Presto offers an integrated set of telecommunications products and services which include an ultra-high bandwidth backbone, local exchange, high-speed data and Internet services, domestic and international long distance, and other enhanced services. Jbeck@prestotel.com Lucent Technologies designs, builds and delivers a wide range of public and private networks, communications systems and software, date networking systems, business telephone systems and microelectronics components. Bell Laboratories is the research and development arm for the company. In Mexico, Lucent has approximately 4,000 employees and one manufacturing location. For more information on Lucent Technologies, headquartered at Murray Hill, N.J., visit its website at http://www.lucent.com.
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|Date:||Aug 26, 1999|
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