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Nokia and Diamond Lane Communications join up for Broadband Future
February 18, 1998
To strengthen its position in the emerging broadband access market, Nokia Telecommunications, the infrastructure arm of Nokia, has signed a cooperation agreement with Diamond Lane Communications Corporation, US. This agreement gives Nokia global distribution rights to Diamond Lane products as well as OEM and manufacturing rights. It also covers the development of future DSLAM (Digital Subscriber Line Access Multiplexer) products targeted to the ETSI markets.
Nokia has also made an equity investment in Diamond Lane Communications as part of the agreement.
“We are very pleased to have signed this development agreement, which augments Nokia’s own R&D efforts in the broadband access world,” states Mr. Kari Suneli, Senior Vice President, Fixed Access Systems, Nokia Telecommunications. “With this cooperation, Nokia is strengthening its capability to serve the emerging Internet-driven mass market, which will grow dramatically during the next few years. Our partnership with this highly innovative, specialist company will further support an even faster time to market and keep Nokia at the forefront of the broadband revolution.”
“Innovative products and a track-record of industry firsts in the telecommunications world, undoubtedly positions Nokia as a global player in the telecommunications industry. Nokia's reputation for delivering the latest technology ahead of the pack, makes them an ideal partner for the development of high-quality, state-of-the-art products such as our SpeedLink DSL access systems, ” comments Mr. Jerry Parrick, Chief Executive Officer, Diamond Lane Communications Inc. “With such complementary competencies, Nokia and Diamond Lane will make a formidable team in the constantly evolving broadband world, offering only the best solutions for their customers."
Diamond Lane Communications Corporation, founded in 1995, is one of the first companies in the world to commercially offer DSL (Digital Subscriber Line) data access. Privately held, the company is a worldwide technology leader in xDSL solutions, enabling a variety of high-speed data applications via its SpeedLink system, a DSLAM (Digital Subscriber Line Access Multiplexer) based on ATM standards.
Its mission is to enable network and service providers to offer today’s NetSet power users, corporate telecommuters and small businesses economical, high-speed access to the Internet, as well as other data services. For more information contact Diamond Lane: (707) 793-7000;
Diamond Lane and SpeedLink are trademarks of Diamond Lane Communications Corporation.
Headquartered in Finland, Nokia is a broad-scope telecommunications company supplying mobile phones, mobile and fixed telecommunications networks, data communications solutions, multimedia terminals and PC monitors. With sales in 130 countries, net sales totaled FIM 52.6 billion ($9.8 billion) in 1997. Nokia employs more than 36,000 people worldwide.
Nokia's access solutions provide operators with the tools to connect end users to network services. Nokia has already supplied access solutions to over forty countries worldwide. Nokia's long experience in transmission has been instrumental in developing the ability to design and implement integrated, cost-efficient solutions.
Further information:
Ms Arja Suominen, Vice President, Communications,
Nokia Telecommunications
Tel. (Int.) + 358 9 5113 8193
Fax (Int.) + 358 9 5113 8199
Jean Deitz Sexton
Diamond Lane Communications
Tel. (Int.) + 1 707 793-7169
jean_sexton@dlcc.com
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