Portugal Telecom & Corning Incorporated Will Work Together on the Development of Advanced Technological Solutions for Fiber-O...
08 Maio 2009 - 10:00AM
Business Wire
Portugal Telecom (NYSE: PT) and Corning Incorporated (NYSE: GLW)
announced today an agreement to work together to develop, test, and
implement innovative and advanced Gigabit Passive Optical Network
(GPON) technology solutions for Next-Generation Access (NGA) fiber
optic networks in Portugal.
Portugal Telecom has recently signed an agreement with the
Portuguese government and other telecommunications providers to
develop a fiber optic network in the country. The goal is to enable
access to next-generation services such as true high-speed
Internet, voice, and HDTV based on a new network for up to 1.5
million Portuguese.
�Our main goal is to offer high-quality and cost-competitive
services based on innovative and reliable fiber-based solutions,�
said Zeinal Bava, Portugal Telecom�s chief executive officer. �To
give our customers, both residential and corporate, the best
services in the marketplace, we are establishing a number of
leading edge partnerships. Corning Incorporated is the
world-leading supplier of fiber-based solutions, with a strong
commitement to R&D, and thus we believe will add significant
value for this great undertaking we are preparing to enter.�
�Portugal Telecom�s fiber-to-the-home investment demonstrates
their technical leadership and their commitment to providing
leading-edge technology solutions to customers,� said Wendell P.
Weeks, chairman and chief executive officer of Corning
Incorporated. �We are extremely pleased and excited to be working
closely with Portugal Telecom in building a next-generation
fiber-optic-based solution. This optical fiber technology will
allow Internet users high-speed broadband access that will provide
the true high definition and 3D interactive television experiences
which will be demanded in the future.�
Corning will utilize its new ClearCurve� product suite optimized
for the European market in the Portugal Telecom solution. The new
product suite is enabled by ClearCurve fiber which is hundreds of
times more bendable than standard single-mode fiber. Featuring
Corning�s breakthrough nanoStructures� technology, ClearCurve
optical fiber can be bent around very tight corners with virtually
no signal loss while maintaining backward compatibility with the
installed base of optical fiber. This fiber enables the
construction of rugged drop cables for multi-dwelling units which
can be pulled through wall studs, stapled to wood and otherwise
handled like copper communications cables. It also enables hardware
and equipment for fiber optic networks that is smaller and more
aesthetically pleasing.
About Corning Incorporated
Corning Incorporated (www.corning.com) is the world leader in
specialty glass and ceramics. Drawing on more than 150 years of
materials science and process engineering knowledge, Corning
creates and makes keystone components that enable high-technology
systems for consumer electronics, mobile emissions control,
telecommunications and life sciences. Our products include glass
substrates for LCD televisions, computer monitors and laptops;
ceramic substrates and filters for mobile emission control systems;
optical fiber, cable, hardware & equipment for
telecommunications networks; optical biosensors for drug discovery;
and other advanced optics and specialty glass solutions for a
number of industries including semiconductor, aerospace, defense,
astronomy and metrology.
About Portugal Telecom
Portugal Telecom (�PT�) is a leading telecommunications provider
with more than 70 million customers in 14 countries, namely in
Brazil and Africa. In Portugal, where it retains a clear leading
position, the company provides a full range of fixed and mobile
telecommunication services, including voice, broadband and
television and covers all segments of the market: consumer,
residential, SMEs, corporate and wholesale. Its international
investments, which are focused on the mobile segment, account for
85 percent of its customer base and 50 percent of its revenues. It
is seen as the Portuguese company which has the biggest national
and international projection and has a diversified business
portfolio where quality and innovation are decisive aspects, along
side the most advanced international companies in this sector.
Portugal Telecom is listed on the Euronext and New York Stock
Exchange. Information may be accessed on Reuters under the symbols
PTC.LS and PT and on Bloomberg under the symbol PTC PL.
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