Telewest,Worldwide Fiber Inc.to lay UK line(Newbridge!):
biz.yahoo.com
see press release below form June 1999 where Newbridge is involved
"Worldwide Fiber, based in Vancouver, has popped up on many people's radar screens since late December, when Greg
Maffei quit his job as ex-chief financial officer at Microsoft Corp. (NasdaqNM:MSFT - news) to become chief executive
of Worldwide Fiber."
"Worldwide Fiber, which has been busy expanding its network through the United States, plans a transatlantic, under-sea
fiber-optic line from Halifax, Nova Scotia, and Boston to Liverpool and Dublin."
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VANCOUVER, British Columbia--(BUSINESS WIRE)--June 7, 1999-- Worldwide
Fiber Inc. (WFI),
today announced the signing of letters of intent with Nortel Networks, Newbridge
Networks, and Fore
Systems to supply the optical and switching systems that will activate the existing dark
fiber asset
stretching from Seattle to Vancouver to Toronto via Minneapolis, Chicago and Detroit.
This announcement represents an important step in the company's evolution from
contractor to developer to telecommunications operator and is
facilitated by Worldwide Fiber's large dark fiber asset. An important aspect of
Worldwide Fiber's long-term strategy is to continue to develop its
fiber assets and increase the Network value. WFI has chosen to work with Nortel
Networks to deliver their latest DWDM Optical Platform, the
Optera LH system. The Optera LH system is capable of supporting 160 OC192
channels for a system capacity of 1.6 terabits per optical fiber. WFI
has also chosen Fore Systems to provide the ATM core switching Fabric. The AS400,
40 gbps switch will support high-speed connection at optical
speeds up to 10 gbps per link. The Fore Switching Platform will ultimately grow to a
switching capability of 240 gbps.
Newbridge Networks will supply the ATM edge switches. The
MainStreetXpress(TM) 36170 Multiservices Switch platform will enable WFI
to
provide a wide range of services including IP, voice, compressed voice, private
line, frame relay, Ethernet, LMDS and xDSL.
Worldwide Fiber appreciates the opportunity to work with Nortel Networks,
Newbridge Networks and Fore Systems. Their respective capabilities
will assist in the building of a services architecture which when deployed, will be at the
leading edge of service delivery, allowing WFI to provide
extremely competitive and flexible carrier services. Steve Baker, Vice President
Bandwidth Services and Chief Technology Officer stated,
''Worldwide Fiber's Network bandwidth solutions are eliminating the bandwidth barrier
and future growth concerns for the new generation of
telecommunications providers.''
Worldwide Fiber is a facilities based provider of technologically advanced,
high-bandwidth fiber optic communications infrastructure. Over the last
12 years, Worldwide Fiber Inc. has designed, engineered, developed and constructed
communications networks first as the Ledcor Industries Ltd.
Telecommunications division, and, since May 1998, as a separate subsidiary. The
Company is building a 14,000-mile North American fiber optic
communications infrastructure and expects to complete the development of
approximately 5,500 route miles in 1999 adding to its existing 5,000
miles. The Company together with its majority owned subsidiaries, are building a
Network to meet the facilities requirements of communications
carriers, Internet service providers, and corporations with enterprise network needs and
to satisfy the increasing demand generated by high
bandwidth data, voice, and video communications.
Statements made by Worldwide Fiber Inc. may include those of a forward-looking
nature. Actual results may differ materially from those projected
in forward-looking statements. Worldwide Fiber Inc. believes that its primary risk
factors include, but are not limited to: substantial capital
requirements; substantial leverage; risks associated with growth; need for Rights of
Way; dependence on third party contractors and suppliers;
competition; reliance on key personnel; and regulatory policy. Additional information
concerning these and other important factors can be found
within the Company's filings with the Securities & Exchange Commission. Statements in
this release must be evaluated in light of these important
factors.
Contact:
Worldwide Fiber Inc.
Larry Olsen/Steve Baker, 604/681-1994
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