Hello Frank, Good to see you on this thread. Can you comment on this new arrangement with GLBX. Sounds like the company is addressing capacity issues.
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Exodus Secures $105-Million International Network Capacity From Global Crossing
Business Wire - August 31, 1999 08:46
SANTA CLARA, Calif.--(BUSINESS WIRE)--August 31, 1999--
Strengthens Exodus' U.S. Operations, Expands its European Presence and Moves Company Into Japan
As part of its global expansion, Exodus Communications(TM), Inc. (NASDAQ: EXDS), a leader in complex Internet hosting and managed services, today announced that it has entered into capacity purchase agreements with Global Crossing USA Inc., a subsidiary of Global Crossing Ltd. (NASDAQ: GBLX).
Under the terms of the $105 million transaction, Global Crossing is providing Exodus(TM) with an additional 5.1Gbps of backbone network capacity connecting future Exodus Internet Data Centers (IDCs) in Europe, Japan and the United States. The additional network capacity expands Exodus' redundant network and enables Exodus to support the tremendous growth in traffic between its network and the Internet.
Global Crossing will supply Exodus with two STM-1 circuits connecting New York to Frankfurt and two STM-1 circuits connecting New York to London; an STM-1 ring connecting London, Amsterdam, Frankfurt, and Paris; four STM-1 circuits connecting Santa Clara and Tokyo; and OC12c service connecting Los Angeles, Austin, Dallas, Atlanta, and Washington D.C.
"This agreement with Global Crossing lays the foundation for our international IDC network expansion plans, and provides Exodus with increased capacity, enabling us to continue to deliver scalability, high availability and performance of mission-critical Internet operations," said Ellen M. Hancock, president and CEO of Exodus. "By expanding our backbone network worldwide, we are increasing our capabilities to offer enterprises the best possible Internet hosting and managed services around the world."
"Global Crossing is pleased to provide Exodus with the needed capacity to support its growth," said Bob Annunziata, CEO of Global Crossing. "The size and magnitude of this agreement highlight the growing strength of the emerging Internet economy. We look forward to expanding our relationship as Exodus continues the aggressive development of its customer base."
Thanks in advance.
D.H. |
