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IP: Teleglobe to Deploy $5 Billion Fiber Network
From: Dave Farber <farber () cis upenn edu>
Date: Mon, 10 May 1999 15:59:16 -0400
Date: Mon, 10 May 1999 13:46:01 -0600 To: farber () cis upenn edu From: Graham Blake <grahamb () ssimicro com> This URL is horrific. I have pasted the entire article if you prefer it over the URL. http://www.teleglobe.com/template/press/pressindex.cfm?ilang=eng&itopic=General&itopicclass=News&iperiod=Q-2/1999&iLastTopic=General Graham Blake grahamb () ssimicro com US$5 Billion Investment to Connect Worlds 160 Largest Cities in 5 Years Largest Planned Global Network Will Significantly Accelerate Teleglobe's Already Fast Growing Internet and Carrier Business Teleglobe Plans To Deploy Transatlantic Optical Cable System NEW YORK , May 10, 1999 - In a move that challenges the competition in network technology, reach, speed and capacity, Teleglobe Communications Corporation, owner of the worlds third most extensive overseas telecommunications network, today announced that it will build GlobeSystem(sm), the worlds first globally-integrated Internet, voice, data and video network. The projected US$5 billion investment over the next five years integrates next-generation optical, packet and fiber technology to deliver lower-cost, innovative services globally. GlobeSystem is based on directly fusing optical wavelengths to routers and Asynchronous Transfer Mode (ATM) platforms as well as new network intelligence that enables customers to define their service parameters on demand. GlobeSystem establishes new global communications standards by offering Carriers, Internet Service Providers, Business Customers and Content Providers direct network access from 160 major cities worldwide to deliver a broad range of advanced competitive services. Teleglobe will be the first to globally deploy advanced technology enabling stand-alone voice, Internet, data and video networks to converge on a single, efficient network. Another major feature of GlobeSystem is a next-generation network management system that enables superior service creation and delivery on a global scale. GlobeSystem allows Teleglobe to become the preeminent provider of bandwidth on demand services. Teleglobe is working with Nortel Networks (NYSE: NT), as well as other leading vendors, to build this innovative system. The company is acquiring and building terrestrial and submarine fiber systems that will interconnect to Teleglobe facilities in 160 markets around the world. GlobeSystem will increase Teleglobes currently installed network capacity by more than 180-fold to gain a significant share of the exploding global Internet market. As demand for global services continues to increase, Teleglobes investment allows us to accelerate the growth of our successful Internet and Carrier business. With GlobeSystem, Teleglobe will advance its leadership in global telecommunications, said Charles Sirois, chairman and chief executive officer, Teleglobe Inc. "Teleglobe already ranks as one of the largest providers of global Internet, Carrier and Broadcast services, with nearly 50 years experience in building and managing global connectivity. Additionally, GlobeSystem allows Teleglobe to expand the geographic market in which it offers its diverse product line, building on our rapidly growing global customer base of Carriers and Internet Service Providers." First Phase Underway The first phase of the GlobeSystem deployment is underway, significantly increasing the geographic reach, speed and capacity of our current network, said Paolo Guidi, chairman and chief executive officer, Teleglobe Communications Corporation. As voice, Internet, data and video services continue to converge, GlobeSystem is the ideal solution that combines all services onto one global network regardless of their native protocol. As the first to truly adopt and apply technology directly fusing wavelengths onto routers and ATM on a global scale, Teleglobe is leading the industry. In its initial phase, GlobeSystem will more than quadruple the companys current network capacity and expand capacity and geographical coverage in the following regions: North America: To complement its existing 161,000 DS-3 mile North American fiber optic network, Teleglobe is deploying fiber powered by "160-wavelength electronics in the Northeast, linking New York, Toronto, Montreal and other major markets. In addition, the company has deployed fiber cable capacity linking the northwest United States and Canada. Also, Teleglobe is upgrading its North American Internet backbone network to OC-192 status by fourth quarter 1999, allowing Internet traffic to reach customers at higher speeds. Europe: Teleglobe is deploying latest-generation fiber powered by "160-wavelength electronics" on an intra-Europe ring, connecting London, Amsterdam, Rotterdam, Brussels, Antwerp and Paris to support the companys expanding bandwidth requirements in the region. A second ring adding Germany and spurs into Switzerland, Austria, Italy and Spain is in the final stages of definition. Global Capacity: Teleglobe is expanding its global capacity with investments in new fiber optic cables such as Americas 2, Atlantis 2, Columbus 3, Maya 1, Pan American, SAT/WASC/SAFE 3 and Southern Cross. Teleglobe is an original major investor, along with SBC Communications Inc. (NYSE: SBC) and 14 other major carriers, in the China-U.S. cable network. The China-U.S. cable will be one of the largest transpacific cable system in service and the only cable to connect North America, China and Japan. GlobeCity(sm): Teleglobe currently has 27 GlobeCity nodes in operation. Twenty additional GlobeCity nodes, based on advanced IP and ATM technology, will be deployed within the next 12 months. The nodes directly connect to GlobeSystem to support the regional distribution of Teleglobe products to customers. Each GlobeCity node can support Teleglobes core products including voice, Internet access, international private lines, calling cards and content distribution. On completion, GlobeSystem will interconnect the 160 markets where GlobeCity nodes have been deployed. A recent report by Forrester Research recommends that to address future telecommunications needs, carriers should deploy new high-performance, high-reliability networks. Describing the ideal telecom network of the future, Forrester emphasized that "smart carriers" must accommodate customers access choices. Forrester emphasized that "customers want the flexibility to use whichever access method works best for them, exactly the approach adopted for Teleglobe's GlobeSystem network. GlobeSystem allows clients to connect seamlessly at GlobeCity nodes, regardless of the protocol or technology they are using. They further note that service intelligence must be separated from the network. Again, a Teleglobe first for this scale of network." Second Phase (2001) To Include Development of New Transatlantic and Pacific Cable Systems, Network Management Design, Switch Vendor Selection, Additional GlobeCity Nodes In this second phase, Teleglobe is planning to deploy a transatlantic fiber optic network system using next generation solutions to provide customers with substantial capacity at competitive prices, continuing Teleglobes leadership in undersea fiber optic deployment. In 1994, Teleglobe deployed GlobeSystem Atlantic (CANTAT-3), the worlds first transoceanic fiber cable based on synchronous digital hierarchy (SDH) technology. Teleglobe will expand in the Asia-Pacific region by deploying a fiber system providing connectivity to various countries throughout the region, as well as establishing a networking hub in Guam. Teleglobe Inc. (NYSE, TSE, ME: TGO) is a recognized leader in global telecommunications. Through its subsidiary Teleglobe Communications Corporation, the company develops and supplies global connectivity services to carriers, Internet service providers, switchless resellers, multinational corporations and broadcast customers worldwide. Through Excel Communications proven marketing and distribution channels, Teleglobe also caters to an expanding international retail customer base. The company is the fourth-ranked long distance provider in the United States and, according to a recent KMI Corporation study, the owner and operator of the worlds third most extensive overseas telecommunications network. Teleglobe has a 50% interest in ORBCOMM, the world's first commercial low-earth-orbit, satellite-based, data communications system. Additional information is available at www.teleglobe.com. This press release contains forward-looking statements that reflect Teleglobes expectations, beliefs, intentions and strategies regarding future events. These forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those statements. Factors that could cause or contribute to such differences include, but are not limited to, rapidly changing market conditions, timely completion of the terrestrial and submarine fiber optic cable systems, impact of intense competition, successful negotiation of vendor arrangements, uncertainties related to international regulatory approval processes and other factors and risks discussed in Teleglobes public reports filed from time to time with the Canadian provincial securities commissions and the United States Securities and Exchange Commission. For more information: John Murray Director Corporate Communications Teleglobe Communications Corporation Tel. 1-703-821-4857 Email. jmurray1 () teleglobe com Nicole Blanchard Director, Investor Relations Teleglobe Inc. Tel. 1-514-868-8148 Email. nblancha () teleglobe ca Jacques Deforges Vice-President and Corporate Treasurer Teleglobe Inc. Tel. 1-514-868-7716 Email. jdeforge () teleglobe ca Sylvia Morin Director, Communications Teleglobe Inc. Tel. 1-514-868-7762 Email. smorin () teleglobe ca © 1998 Disclaimer General News For more information: John Murray Nicole Blanchard Jacques Deforges Sylvia Morin
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