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Technology Stocks : Global Crossing - GX (formerly GBLX)
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To: Theophile who wrote (10666)4/19/2001 2:17:10 PM
From: Frank A. Coluccio  Read Replies (1) of 15615
 
OT - I thought that the following passage concerning ATHM's IRU with T was interesting, and relevant to the referenced uplink. With thanks to Richard Habib on the ATHM board:

Message 15687786

"In addition to the services described in paragraph 1, the parties will,
upon consummation of the definitive agreements (collectively, the
"Agreement"), replace the IRU Capacity Agreement dated as of December 19,
1998 between At Home and AT&T (the "IRU") with a long-term lease pursuant
to which At Home will obtain transport services to meet its requirements
from AT&T. AT&T will pay At Home an amount (the "IRU Price") equivalent to
the greater of (i) $75 million, or (ii) the fair market value of the IRU,
not to exceed $85 million."
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