Deutsche Telekom AG Boosts Capacity on Global Crossing Network
Business Editors & High-Tech Writers
FRANKFURT, Germany--(BUSINESS WIRE)--Feb. 29, 2000--Global
Crossing (Nasdaq:GBLX):
-- Deutsche Telekom AG signs agreement with Global Crossing for
further transoceanic capacity.
-- Increases total capacity provided by Global Crossing to 35 Gbit/s.
-- Gives immediate access to additional capacity to satisfy heavy
demand for international data and Internet traffic.
Global Crossing (Nasdaq:GBLX), which is building and operating
the world's most advanced global IP-based fiber optic network,
announced today that it has concluded an agreement to provide
substantial additional capacity to Deutsche Telekom AG.
Total capacity sold to Deutsche Telekom is now 35 Gbit/s on AC-1,
the fiber-optic system that provides a link between North America and
Germany. AC-1 uses advanced wavelength division multiplexing (WDM)
technology and is fully integrated with both Global Crossing's Pan
European Crossing (PEC) and North American Crossing networks.
Deutsche Telekom is significantly expanding its capacity options
to satisfy a rapidly escalating increase in its global data and
Internet traffic. "For almost two years Global Crossing has been
reliably supporting us in our mission to provide high-quality global
services," said Jens Deneke, for Deutsche Telekom AG. "This latest
agreement gives us immediate access to substantial extra capacity and
allows us to keep ahead of the ever-growing demands of data traffic in
Europe and around the world."
A first contract between the two companies was signed in 1998 and
provided for five STM-1s, equivalent to 9,450 circuits at 64 Kbit/s.
The commercial relationship extends beyond capacity purchases as
Deutsche Telekom hosts one of Global Crossing's three AC-1
landing-point stations for Europe north of Hamburg on the island of
Sylt.
"Deutsche Telekom was one of the first in Europe to take
advantage of our fast-expanding broadband connectivity and services
around the world. Total value of the contracts between our companies
has increased in each contract signed over the last two years and we
look forward to extending our range of products and services to the
company wherever they operate," said Wim Huisman, CEO of Global
Crossing Europe.
About Deutsche Telekom
Deutsche Telekom, with revenues of about Euro 35 billion in 1999,
according to preliminary figures, is Europe's largest
telecommunications company and the third largest carrier worldwide. A
total of more than 13 million marketed ISDN channels makes Deutsche
Telekom the world leader in ISDN and with more than 4 million T-Online
customers, the company is Europe's largest Internet provider. Offering
a complete range of products and services, Deutsche Telekom has almost
48 million telephone lines in service and more than 16 million mobile
telephony customers (including majority owned subsidiaries). Visit the
Deutsche Telekom web site at www.telekom.de/international on the
Internet.
About Global Crossing
Global Crossing Ltd. (Nasdaq:GBLX) is building, and offering
services over, the world's first global fiber optic network with
97,200 announced route miles, serving five continents, 24 countries
and more than 200 major cities. The Global Crossing Network and its
telecommunications and Internet product offerings will be available to
over 80% of the world's international communications traffic. Global
Crossing hosts more than 300 of the top Internet brands at its web
hosting division, GlobalCenter. Among the brands are some of the
largest and most densely trafficked sites on the Web, including
Yahoo!, The Motley Fool, Ziff Davis, MP3.com and eToys. Global
Crossing's operations are headquartered in Hamilton, Bermuda, with
principal offices in Los Angeles, California; London, England;
Morristown, New Jersey; and Rochester, New York. Visit Global Crossing
at www.globalcrossing.com on the Internet. |
