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Q1, the world's tallest residential apartment building,
has been equipped by technology provider Data FX with a high-speed
data network from Nortel (NYSE:NT)(TSX:NT). The network provides
broadband Internet access to the tower's 526 apartments.
A flagship development of the Sunland Group (ASX:SDG), Q1 is set
to become the latest high-profile landmark in Australia's famous Gold
Coast resort town, Surfers Paradise.
"Q1 represents the pinnacle of apartment-style living on the Gold
Coast, blending the resort town's relaxed lifestyle with the modern
conveniences and high-tech networking infrastructure typically
reserved for major urban centres," said Daniel Thompson, chief
operating officer, Data FX.
"As a solution provider for multi-billion dollar residential and
commercial developments throughout Australia we're responsible for
ensuring our customers - and their customers - get the best possible
experience from our technology solutions," Thompson said. "That's why
Nortel, with its proven technology, was chosen for Q1, and why we'll
continue specifying Nortel for major developments where carrier-grade
availability, speed and reliability are simply non-negotiable."
"Service providers like Data FX are increasingly using Nortel's
technology to deliver carrier grade services to a wide range of
customers such as property developers, neighbourhood communities and
multinational enterprises," said Mark Stevens, president, Australia
and New Zealand, Nortel.
"The network deployed throughout Q1 means that work does not need
to be a place you go, but rather a thing you do," Stevens said. "Using
Nortel technology, Data FX has delivered a solution that is designed
to give Q1 residents access to the same powerful business
infrastructure enjoyed by millions of business users in major
financial centres. This means they can enjoy the lifestyle benefits of
this magnificent development without foregoing access to the same rich
multimedia and networking facilities they rely on for their business.
It's literally the best of both worlds."
Data FX provides Q1 residents with broadband Internet services
routed through Nortel's Ethernet switched infrastructure to each
apartment.
"One of the unique features of our Q1 solution is two-way Internet
access, which means upload speeds match download speeds for a faster,
less restricted experience," Thompson said. "This means guests and
residents can enjoy all the benefits of a super-fast network like
video-on-demand and real-time video conferencing."
Q1 is the world's tallest residential tower, featuring 526 one,
two and three bedroom apartments, 80 floors, conference facilities,
ground floor retail outlets, sandy beach lagoon swimming pool, spa,
sauna and fitness centre, and Australia's only beachside observation
deck.
About Nortel
Nortel is a recognised leader in delivering communications
capabilities that enhance the human experience, ignite and power
global commerce, and secure and protect the world's most critical
information. Serving both service provider and enterprise customers,
Nortel delivers innovative technology solutions encompassing
end-to-end broadband, Voice over IP, multimedia services and
applications, and wireless broadband designed to help people solve the
world's greatest challenges. Nortel does business in more than 150
countries. For more information, visit Nortel on the Web at
www.nortel.com. For the latest Nortel news, visit www.nortel.com/news.
Certain information included in this press release is
forward-looking and is subject to important risks and uncertainties.
The results or events predicted in these statements may differ
materially from actual results or events.
Factors which could cause results or events to differ from current
expectations include, among other things: the outcome of regulatory
and criminal investigations and civil litigation actions related to
Nortel's restatements and the impact any resulting legal judgments,
settlements, penalties and expenses could have on Nortel's results of
operations, financial condition and liquidity, and any related
potential dilution of Nortel's common shares; the findings of Nortel's
independent review and implementation of recommended remedial
measures; the outcome of the ongoing independent review with respect
to revenues for specific identified transactions, which review will
have a particular emphasis on the underlying conduct that led to the
initial recognition of these revenues; the restatement or revisions of
Nortel's previously announced or filed financial results and resulting
negative publicity; the existence of material weaknesses in Nortel's
internal control over financial reporting and the conclusion of
Nortel's management and independent auditor that Nortel's internal
control over financial reporting is ineffective, which could continue
to impact Nortel's ability to report its results of operations and
financial condition accurately and in a timely manner; the impact of
Nortel's and NNL's failure to timely file their financial statements
and related periodic reports, including Nortel's inability to access
its shelf registration statement filed with the United States
Securities and Exchange Commission (SEC); the impact of management
changes, including the termination for cause of Nortel's former CEO,
CFO and Controller in April 2004; the sufficiency of Nortel's
restructuring activities, including the work plan announced on August
19, 2004 as updated on September 30, 2004 and December 14, 2004,
including the potential for higher actual costs to be incurred in
connection with restructuring actions compared to the estimated costs
of such actions;
cautious or reduced spending by Nortel's customers; increased
consolidation among Nortel's customers and the loss of customers in
certain markets; fluctuations in Nortel's operating results and
general industry, economic and market conditions and growth rates;
fluctuations in Nortel's cash flow, level of outstanding debt and
current debt ratings; Nortel's monitoring of the capital markets for
opportunities to improve its capital structure and financial
flexibility; Nortel's ability to recruit and retain qualified
employees; the use of cash collateral to support Nortel's normal
course business activities; the dependence on Nortel's subsidiaries
for funding; the impact of Nortel's defined benefit plans and deferred
tax assets on results of operations and Nortel's cash flow; the
adverse resolution of class actions, litigation in the ordinary course
of business, intellectual property disputes and similar matters;
Nortel's dependence on new product development and its ability to
predict market demand for particular products; Nortel's ability to
integrate the operations and technologies of acquired businesses in an
effective manner; the impact of rapid technological and market change;
the impact of price and product competition; barriers to international
growth and global economic conditions, particularly in emerging
markets and including interest rate and currency exchange rate
fluctuations; the impact of rationalization and consolidation in the
telecommunications industry; changes in regulation of the Internet;
the impact of the credit risks of Nortel's customers and the impact of
customer financing and commitments; general stock market volatility;
negative developments associated with Nortel's supply contracts and
contract manufacturing agreements, including as a result of using a
sole supplier for a key component of certain optical networks
solutions; the impact of Nortel's supply and outsourcing contracts
that contain delivery and installation provisions, which, if not met,
could result in the payment of substantial penalties or liquidated
damages; any undetected product defects, errors or failures; the
future success of Nortel's strategic alliances; and certain
restrictions on how Nortel and its president and chief executive
officer conduct business.
For additional information with respect to certain of these and
other factors, see the most recent Annual Report on Form 10-K and
Quarterly Report on Form 10-Q filed by Nortel with the SEC. Unless
otherwise required by applicable securities laws, Nortel disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
Nortel, the Nortel logo and the Globemark are trademarks of Nortel
Networks.