Sprint Nextel Corp. (NYSE:S) intends to extend Ethernet access to 143 domestic markets and 30 countries globally by the completion of 2012 as a result of high demand from businesses. This plan includes building out existing markets as well as expanding into new markets. The service is also available for wholesale partners, and the Ethernet service allows more opportunities to decrease network costs for locations with high-bandwidth as well as making the complexity of maintaining several types of technologies simpler. The shares traded up $0.02 (0.65%) recently at $3.10.
Alcatel-Lucent (NYSE:ALU) has backed out of its supply contract with India-based BSNL, explaining that it could not match ZTE’s low bid of $842M. Though ZTE is the main supplier, ALU, Ericsson (NASDAQ:ERIC), NSN (NYSE:NOK) (NYSE:SI) and China-based Huawei, was short-listed as a result of the broken deal. The remaining three firms have withdrawn as well.
Juniper Networks, Inc. (NYSE:JNPR) announces that SK Telecom (NYSE:SKM) is now the first customer in Korea to use the Juniper’s virtualization security for both private and public clouds. As a result of pushing Juniper Networks’ vGW Virtual Gateway with Juniper Networks’ SRX Series Services Gateways, SK Telecom was able to provide broad cloud security across both its physical and virtual network environments, which enables a comprehensive, automated approach to protection for cloud-based data centers which support dynamic service delivery. The shares traded up $0.15 (0.92%) recently at $16.5001.
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