360networks expands into metropolitan Munich, Berlin and Zurich
VANCOUVER, BC, and FRANKFURT, Jan. 17 /CNW/ - 360networks, an international provider of broadband network services, announced today that it has acquired dark fiber on metropolitan networks in Munich, Berlin and Zurich. The company purchased the dark fiber from Carrier1 International S.A., a leading European provider of end-to-end Internet, voice, bandwidth, data center and access solutions to large users of communications services.
"These metropolitan networks provide us with a deeper reach into three important business centers and offer our customers in these areas enhanced access to our global network," said Ashwin Chitamun, 360networks' vice- president of Europe. "The networks are complementary to our long-haul routes in Germany and Switzerland, and represent an important advancement for our European network."
The network in Munich covers 20 kilometers and is scheduled for completion by mid-2001. The 75-kilometer Berlin network and the 25-kilometer Zurich network are scheduled to be completed by the end of the year. Certain segments of all three metropolitan networks, however, will be activated at earlier dates.
In Europe, 360networks has secured a combination of dark fiber and conduits on metropolitan networks in Hamburg, Frankfurt, Geneva, Paris, Strasbourg, Lyon, Marseilles, Copenhagen, Amsterdam, London and Milan. These city rings are a part of the company's 18,800 kilometer (11,700 mile) network scheduled to link 35 major cities in Europe by the fourth quarter of 2001.
360networks is also developing metropolitan networks in key cities of North America, South America and Asia through construction projects, as well as network capacity exchanges, purchases and leases with other telecommunications carriers.
Today's announcement is part of a US $175 million agreement signed in May 2000 between 360networks and Carrier1 to purchase fiber optic network infrastructure and broadband capacity from each other on networks spanning and connecting Europe and North America.
About 360networks
360networks (NASDAQ: TSIX and TSE: TSX) offers broadband network and colocation services to telecommunications and data-centric organizations. 360networks is developing one of the largest and most technologically advanced fiber optic mesh networks in the world. By mid-2002, the planned network will span 142,000 kilometers (88,000 miles) and link more than 100 major cities with terrestrial routes and submarine cables joining North America, South America, Asia and Europe. 360networks is also developing nearly 3.7 million square feet of network and server colocation space. More information is available at www.360.net.
About Carrier1
Carrier1 International S.A. (Neuer Markt: CJN; NASDAQ: CONE) is a leading European provider of end-to-end Internet, voice, bandwidth, data-centre and access solutions to large users of communication services. Carrier1 provides its clients with carrier-grade transport and network solutions as well as end- user ready value added services. Carrier1 customers brand and market these solutions and services to their respective end-users.
The Carrier1 pan-European, inter-city fiber network connects 12 countries and currently spans over approximately 11,000 route kilometers, connecting points-of-presence in over 20 European cities. Carrier1 is operational in all 12 countries and has secured all the necessary interconnects and operational licenses that allow it to provide network solutions and end-user-ready, value- added services. Carrier1 has completed 2 metro ring fibre networks and is currently constructing 5 metro ring fibre networks and expanding one existing metro fibre network. Carrier1 plans to build/acquire at least 13 additional city-ring fiber networks. Carrier1 has co location space available for service in Digiplex data centre facilities and in 8 Carrier1 network service areas. These co-location facilities are marketed under the name ClearSpace.
Forward looking statements: This document may contain statements about expected future events and financial results that are forward looking in nature, and, as a result, are subject to certain risks and uncertainties. Scheduled completion of network segments may not be met because of factors, such as construction, permitting or licensing delays. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbor for "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. |
