Grant Gross
Senior Writer

Verizon Wireless to spend $5 billion with Lucent

news
Jul 13, 20041 min

Agreement covers a wide range of networking equipment, software, and services

Verizon Wireless Inc. will spend $5 billion on a wide variety of networking equipment, software, and services from Lucent Technologies Inc., in an agreement announced Tuesday.

In the deal, Verizon Wireless agreed to buy $5 billion worth of networking equipment within six years, although past deals between the two companies have been completed in three to four years, said Lucent spokeswoman Debra Lewis. The companies signed a similar $5 billion agreement in March 2001.

The two Verizon Wireless agreements are “among our largest contracts awarded,” Lewis added.

With the latest agreement, Lucent will continue to be Verizon Wireless’ primary next-generation network infrastructure supplier. The equipment, software, and services from Lucent will help Verizon Wireless increase the coverage and capacity of its existing next-generation voice network and high-speed, wide-area BroadbandAccess data network, according to the companies.

Under the agreement, Lucent will provide software and equipment from its entire product line, including Bell Labs-developed wireless, optical and data networking equipment. Lucent Worldwide Services will perform network optimization, integration and deployment services.

The agreement includes a $525 million contract announced in March, naming Lucent as a key supplier for Verizon Wireless’ BroadbandAccess high-speed data network, and it replaces 2001 agreement.

Grant Gross

Grant Gross, a senior writer at CIO, is a long-time IT journalist who has focused on AI, enterprise technology, and tech policy. He previously served as Washington, D.C., correspondent and later senior editor at IDG News Service. Earlier in his career, he was managing editor at Linux.com and news editor at tech careers site Techies.com. As a tech policy expert, he has appeared on C-SPAN and the giant NTN24 Spanish-language cable news network. In the distant past, he worked as a reporter and editor at newspapers in Minnesota and the Dakotas. A finalist for Best Range of Work by a Single Author for both the Eddie Awards and the Neal Awards, Grant was recently recognized with an ASBPE Regional Silver award for his article “Agentic AI: Decisive, operational AI arrives in business.”

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