Ciena

(CIEN) - Get Report

agreed to provide optical core switches for

McLeodUSA's

(MCLD)

One Functional Network in a deal worth about $200 million.

With the Ciena technology, McLeodUSA's voice and data network will be completely automated, and its design will reduce capital and operating costs, McLeodUSA said in a news release.

The switches will be delivered during the first quarter, and more than 50 will be installed by the end of 2001, according to McLeod, a local telecom provider based in Cedar Rapids, Iowa.

In recent

Nasdaq

trading, Ciena, Linthicum, Md., was down $3.19, or 3.9%, to $79.69. McLeodUSA lost 38 cents, or 2.3%, to $16.06.