Toronto, Canada--December 20, 1996--Clearnet Communications Inc. announced that its wholly owned subsidiary Clearnet PCS Inc. has entered into binding contracts for the purchase and financing of CDMA (Code Division Multiple Access) PCS (Personal Communications Services) infrastructure and subscriber equipment from Lucent Technologies Canada Inc.
Clearnet's credit facility with a Lucent affiliate provides for $475 million (Canadian) in financing.
These arrangements follow the announcement in July of the signing of a non-binding memorandum of understanding between Lucent and Clearnet.
Clearnet has already installed the first of two 5ESS-2000 Lucent digital switches in Clearnet's national network operations centre in Markham, Ontario. Testing of live CDMA network functionality is expected to commence in January.
In addition, Clearnet has commenced the process of constructing new switch and operations facilities in Vancouver, Montreal and Calgary. Clearnet continues to be very active in its site acquisition program through-out major urban centres in Canada.
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