Does anyone see any similarities between GBLX and FCM's FNet? I do. But definitely not the stock prices.
ROCHESTER, N.Y.--(BUSINESS WIRE)--Jan. 18, 2000--
-- Global Crossing & BCE Nexxia Enter Two-Way Agreement to Provide
Leading Network Technology and Capacity Across the United States
& Canada
-- Additional OC-192 Capacity Scheduled for Commercial Service in
January 2000
Global Crossing Ltd. (Nasdaq: GBLX) and BCE Nexxia today
announced a three-year services agreement valued at $24 million. Under
the agreement, Global Crossing and BCE Nexxia, Canada's leading
provider of integrated communications solutions to enterprise
customers and service providers across North America, will provide
each other with network services to meet the global needs of their
respective customers.
Global Crossing will supply BCE Nexxia with network, private line
and IP services to enhance BCE Nexxia's existing points of presence in
the U.S. and Canadian markets. BCE Nexxia will supply Global Crossing
with Canadian termination services. The agreement will enable Global
Crossing and BCE Nexxia to expand their IP-broadband networks to
connect to over 200 key business destinations throughout the United
States and Canada.
"This agreement with Global Crossing provides access for our
customers to one of the most advanced IP networks in the United
States," said Bill Enns, vice president, Wholesale Marketing, for BCE
Nexxia. "By leveraging Global Crossing's North American Crossing
network to extend our services throughout North America, BCE Nexxia
will continue to bring businesses the highest standards of
connectivity needed to remain competitive in today's global economy."
"Leading providers such as BCE Nexxia extend their international
reach by partnering with Global Crossing to supply not only voice, but
a full range of sophisticated data products to customers around the
globe," said Brian V. Fitzpatrick, president of North American Carrier
Operations for Global Crossing. "Service providers using Global
Crossing's network have access to the most reliable, advanced and
cost-effective network infrastructure."
BCE Nexxia joins the growing global roster of wholesale customers
such as Telstra, Telecom Italia, Americatel, Telecom New Zealand, KDD
and Telia North America that are using Global Crossing's 20,000-route
mile fiber optic ring network in the United States. The network
connects over 120 major U.S. metropolitan areas and includes a
Cisco-powered IP network currently operating at OC-48 -- 2.5 Gbps
(gigabits per second). In addition to several layers of OC-48, and its
first OC-192 put into production last fall, Global Crossing is
currently lighting up equipment that will add two OC-192s (20 Gbps) of
ring-protected, SONET capacity to its North American Crossing network
from coast to coast. Global Crossing will initiate commercial service
over this new capacity by the end of the month and will add additional
OC-192 capacity in the second and third quarters of this year to meet
the growing demand for bandwidth. |
