Wiz: thank you! NEWS: Telemonde Inc Signs $19.8 M Contract With Axistel
NEW YORK, USA, June 30 /CNW-PRN/ - Symbol TLMD. Telemonde Inc (''Telemonde'') announces that it has signed a contract for US$19.8 million for the sale of transatlantic fiber optic bandwidth to AxisTel Communications Inc.(AxisTel), the Jersey City NJ, based Next-Generation carrier. Founded in 1997, AxisTel is an emerging facilities-based communications company expanding an international IP and ATM network capable of transmitting compressed voice, video and data.
AxisTel's technology focuses on Internet and packet-switched telephony and the convergence of the transmission of voice, Internet, video and data over its Multi-Service Network(SM), public Internet and private Intranets. AxisTel provides a wide range of services to the business, government and wholesale communications industry.
The Trans-Atlantic bandwidth ordered by AxisTel will facilitate the rapid expansion of its international wholesale carrier business, as well as their IP-based Multi-Service Network(SM). ''We chose Telemonde because of their aggressive positioning and flexibility they offered AxisTel, which in this competitive arena are paramount criteria for us.'' said Mitchell Arthur, President and COO.
Telemonde is a New York bassed carriers' carrier supplying fibre optic bandwidth to the global telecommunications industry. Telemonde owns substantial capacity and rights over capacity on two state of the art fiber optic cable systems, a subsidiary of Global Crossing (GBLX) and Gemini Submarine Cable Systems, a subsidiary of Cable + Wireless (CBLW) and MCI Wordcom (WCOM). These are the first generation of privately financed cable systems following liberalisation in the United States and Europe and offer greater capacity, increased security and improved quality of service. Customers of Telemonde include Telecom Italia (TI), Unisource carriers and Carrier 1.
SOURCE: Telemonde Inc
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