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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Retired Eagle One who wrote (1989)9/19/1999 7:48:00 PM
From: TechMkt  Read Replies (1) of 15615
 
This is an old, but fairly significant article. I think most people think that Qwest and GBLX will compete, when in fact they will probably cross their systems to accomodate customers.

Fez
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QWest and Global Crossing to Swap Transatlantic High Capacity Fiber Between U.S. Cities and Europe

Denver - April 7, 1998 -

Qwest Communications International Inc. and Global Crossing Ltd. today announce an agreement to exchange capacity between Europe and the United States utilizing both companies' state-of-the-art networks - Qwest's Macro Capacity Fiber Network and Global Crossing's Atlantic Crossing ("AC-1") subsea fiber optics cable system. The agreement also provides for Qwest to obtain capacity through Global Crossing's planned Pacific Crossing subsea cable system ("PC-1"), linking the U.S. and Asia.

Atlantic Crossing connects the United Kingdom, Germany, and the Netherlands with a 14,000 km high-capacity four fiber self-healing Synchronous Digital Hierarchy ring network that is the most advanced undersea telecommunications system ever constructed, providing connectivity to major cities on both continents. Qwest's 16,285 mile nationwide fiber optic network will serve over 125 U.S. cities when completed in mid-1999.
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