re: MasTec (MTZ)
In the article below, MasTec is the same Florida-based construction company that Telergy contracted a short while back to wire a number of the nation's largest metro areas with fiber. GBLX will be a principal tenant on Telergy's urban fiber facilities, as was announced about two months ago.
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Skanska, MasTec Announce Alliance to Build E-Centers and Provide
Telecommunication Infrastructure Services
Business Wire - November 23, 1999 07:22
MIAMI--(BUSINESS WIRE)--Nov. 23, 1999--Skanska U.S.A.,
Inc., a subsidiary of Skanska A.B. (OMSX:SKA), one of the world's largest
infrastructure project management companies, and MasTec, Inc. (NYSE:MTZ),
the largest end-to-end network infrastructure service provider in North
America, announced today that they have formed an alliance to provide
comprehensive project management and telecommunications infrastructure
services on a turn-key basis throughout North America.
Under this agreement, Skanska and MasTec will pursue projects in the
telecommunications industry, focusing on the deployment of fiber optic
networks and on value added projects to plan, design, build and maintain data
centers, co-location facilities, central offices and other voice, video and data
switching centers. The agreement provides for joint marketing to existing and
potential customers of each party. Both companies are currently evaluating
several proposals and opportunities for the alliance.
"The alliance with Skanska furthers our business objective of joining with
strategic partners to better serve our customers' infrastructure needs," said
Joel-Tomas Citron, MasTec's president and CEO.
"The combination of Skanska's large scale project management experience and
capabilities in multi-location projects and MasTec's external and internal
network services for bandwidth providers and enterprise networks will provide
our respective customers with a single solution to their needs."
"The demand for data, Internet and telecommunication facilities is increasing at
a tremendous pace. By teaming with MasTec, Skanska will be able to better
serve the infrastructure demands of the rapidly growing telecommunications
industry," said Stuart Graham, president and CEO of Skanska, USA. Skanska
will be represented in the alliance by its subsidiary, Sordoni Skanska.
The Skanska Group is one of the world's leading suppliers of construction
related services. The company, founded in 1887 in Sweden, is active in more
than 50 countries and has more than 45,000 employees worldwide. Skanska
U.S.A. employs 11,000 employees and had revenues of $3.2 billion for the first
nine months of 1999.
MasTec is the largest end-to-end telecommunications and energy infrastructure
service provider in North America. MasTec (www.mastec.com) designs, builds,
installs and maintains internal and external networks supporting the Internet,
Internet-related applications, and other communications and energy facilities
for leading telecommunications, cable television, energy and Fortune 500
companies.
CONTACT: MasTec, Inc., Miami
Carmen M. Sabater
Senior Vice President & CFO
305-406-1866/csabater@mastec.com
or
Skanska U.S.A., Inc.
Stuart Graham
President & CEO
718-747-34454/stuart.graham@slattery.com
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