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NEW YORK-Verizon Wireless, a joint venture between Bell Atlantic Corp. and Vodafone AirTouch plc, signed a letter of intent to purchase $500 million in wireless and optical equipment from Nortel Networks.
According to Verizon, the two-year agreement will enable the company to increase capacity and coverage in key markets and is expected to include optical transport and asynchronous transfer mode switches for larger metropolitan areas.
