If the PGEX rumor is true, here is some info:
Corporate Profile Overview
Pacific Gateway was founded in August 1991 to capitalize on the significant growth opportunities in the international telecommunications services market. The Company operates an international network consisting of international and domestic switching facilities in the U.S in New York, Los Angeles and Dallas and offshore in the United Kingdom, Russia, New Zealand, Japan, Australia, and Germany and is developing additional offshore markets. In addition, Pacific Gateway has a U.S. network spanning twelve major metropolitan cities in the U.S.
The Company has partial ownership interests in 19 digital undersea fiber optic cable systems in the Atlantic, Pacific and Caribbean regions and operating agreements with foreign carriers that provide for the exchange of telecommunications traffic. In 1998, the Company committed to invest in two significant undersea fiber optic cable construction projects: the Japan-U.S.
Cable network for $86 million and the TAT-14 Cable Network for $70 million, which will connect the United States with the UK, France, Germany, the Netherlands and Denmark.
Both cables are planned to be placed into operation in 2000. As of December 31, 1998, along with many varied options for termination, the Company had 44 operating agreements in 28 countries around the world, which provide for the exchange of telecommunications traffic with these carriers.
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