OK, Folks, it's half time! How about a news break? From Converge Digest.
-------
SYCAMORE ADDS DYNAMIC SERVICE MAPPING TO ITS OPTICAL OS
Sycamore Networks released version 2.0 of its BroadLeaf Network Operating System (NOS) offering an extended tool set for migrating existing wave and legacy services to a switched optical infrastructure. Specifically, BroadLeaf 2.0 features a Dynamic Service Mapping (DSM) capability that gives users visibility into SONET/SDH bytes as they travel through the network, grooming capabilities down to the STS-1 level, tiered levels of optical services and customer wavelength provisioning. Sycamore uses a combination of softoptics and Open Shortest Path First (OSPF) and Multi-Protocol Label Switching (MPLS) to provision optical lightpaths.
sycamorenet.com
Sycamore Networks, November 16, 2000
-------
BAND-X APPOINTS CABLE&WIRELESS EXEC AS ITS CEO – FIRST WEB TRADE OF COAST-TO-COAST WAVELENGTH
Band-X, a B2B virtual exchange for wholesale telecom capacity, named Stephen Beynon as its new CEO. Beynon previously served as Managing Director of Cable & Wireless Optus (Australia). Band-X provides secure, anonymous trading floors for wholesale bandwidth capacity, international telehousing (colocation), international switched voice traffic and Routed IP services.
band-x.com
Band-X, November 16, 2000
Last month, Band-X reported the first trade of a coast-to-coast optical wavelength across the US.
In May, Band-X raised $40 million in a second-round of venture funding to expand its operations from London to New York. Investors include Goldman Sachs, Morgan Stanley Dean Witter Private Equity and Madison Dearborn Partners.
[Hmm... anonymous traders, anonymous carriers... where's the proof? How do you verify that a trade has actually taken place?]
--------
LOOKING GLASS ORDERS SEVERAL HUNDRED THOUSAND KMS OF CORNING FIBER
Looking Glass Networks, a venture-backed start-up planning dense fiber count networks in major US markets, has ordered several hundred thousand kilometers of Corning's MetroCor fiber. Phase I of Looking Glass' networks will be completed over the next 18 months within the nation's 10 largest metropolitan areas. lglass.net
Corning, November 16, 2000
Looking Glass Networks is planning metro networks with dense fiber counts using 216 to 864 fiber strands per cable. The company will install multiple ducts for future upgrades. In April, Looking Glass closed a $200 million in equity financing led by Madison Dearborn Partners, Battery Ventures and others. The company is based in Oak Brook, IL. Looking Glass is led by Lynn E. Refer, who formerly served as Senior Vice President of Network Planning and Engineering at MCI Worldcom. Refer previously was Senior Vice President of Development for MFS Communications.
------
TOUCH AMERICA SECURES $400 MILLION FOR ITS NETWORK BUILD-OUT
Touch America, telecommunications subsidiary of The Montana Power Company, closed a new $400 million senior secured credit facility with a consortium of fourteen banks. Montana Power recently closed the sale of its non-utiliy oil and gas business for $475 million, and it intends to complete transactions for its coal, independent power, and utility businesses by the end of the first quarter 2001. The $1.3 billion generated through these sales will be used to grow Touch America into a national broadband data, voice, and video transport company.
tamerica.com
Touch America, November 16, 2000
Touch America will have 18,000 fiber route miles installed by year's end. In June, Touch America acquired Qwest's wholesale, private line and retail long-distance business in its regulated 14-state region.
---------------
PSINET RETAINS GOLDMAN SACHS, CONTEMPLATES SALE
PSINet has retained Goldman Sachs as a financial advisor and is exploring a strategic alliance or the possible sale of all or a portion of the company to increase shareholder value.
psinet.com
PSINet, November 16, 2000
Earlier this month, PSInet warned that its Q4 2000 results would be lower than expected. The company cited bad debt from customers in the Internet industry negatively impacted by recent market conditions.
------- |
