Alcatel-Lucent Closes Nortel Unit Deal and Verizon Wireless Completes $180 Million in Network Enhancements

Wireless Communications industry news provided by Financial News USA (OTC: FNWU). Alcatel-Lucent (NYSE:ALU), a maker of telecommunications network equipment, said Tuesday it has completed its acquisition of Nortel Networks Corp.'s UMTS radio access business after winning regulatory approval. Under a deal announced in December, Nortel was getting $320 million in cash less some deductions. UMTS -- Universal Mobile Telecommunications Service -- provides for the broadcast of so-called third generation mobile phone technology. Airspan Networks Inc (NASDAQ:AIRN) recently announced it successfully deployed its world-leading combined WiMAX/Wi-Fi solution at the 15th Asian Games in Doha, Qatar. The network was built and operated by Airspan and its partner, Consolidated Gulf Co. W.L.L. ("CGC"), for Qatar Telecom ("QTel"). Airspan Networks provides fixed and wireless voice and data systems and solutions.

Verizon Wireless, a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE: VOD) and operator of the nation's most reliable wireless network, recently announced it has completed nearly $180 million in network enhancements in the Philadelphia Tri-State Region this past year and more than $800 million since 2000. The company's regional investment across eastern Pennsylvania, southern New Jersey and Delaware is part of more than $35 billion invested nationwide in the past seven years. FTS Wireless, Inc., a wholly owned subsidiary of FTS Group, Inc. (OTC BB:FLIP), an acquisition and development Company, recently announced record handset sales for the month of December and a more than 30% increase when compared to the same period for December 2005. FTS Wireless also recently announced that it has named Mr. Tab Wright as its new Chief Executive Officer effective January 1, 2007.

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