360NETWORKS OPENS $30 MILLION UNDERSEA
CABLE LANDING STATION IN RIO DE JANEIRO
For immediate release - April 25, 2001
Vancouver and Rio de Janeiro - 360networks unveiled today a US $30
million cable landing station in Rio de Janeiro, Brazil that will serve as
a major access point to the company's global fiber optic network.
The new station links Rio de Janeiro with North America via 360americas,
an undersea and terrestrial network that currently provides direct
connectivity between the United States, Brazil, Venezuela and Bermuda.
360americas will span 29,000 kilometers (18,000 miles) and offer total
system capacity of 1.36 terabits per second.
Located in the municipal district of Vargem Pequena, the 15,000-square
foot landing station houses network switching and optical equipment,
office space and electrical generators. It also features secure space
where customers such as telecommunications companies and data-centric
organizations can connect their regional networks and applications to
360networks' global network.
"Rio de Janeiro will serve as the main gateway for international data
traffic between South America and North America," said Scott Lyons,
vice-president of submarine systems at 360networks. "The completion of
this landing station marks a significant milestone in the development of
360americas and the delivery of fiber optic network services between
Brazil and the world."
360networks has also completed 360americas cable landing stations in
Tuckerton, New Jersey; Boca Raton, Florida; St. David's, Bermuda; Caracas,
Venezuela; and Fortaleza, Brazil. The company is scheduled to complete a
landing station in Las Toninas, Argentina (near Buenos Aires) and an
undersea segment connecting Rio de Janeiro and Buenos Aires in the third
quarter of this year.
About 360networks
360networks (NASDAQ: TSIX and TSE: TSX) offers network 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 143,000 kilometers (89,000 miles), and link more than 100 major
cities with terrestrial routes and undersea cable systems joining North
America, Europe, South America and Asia. 360networks is also developing
metropolitan networks in 35 cities worldwide. More information is
available at www.360.net.
For more information contact:
Investor Relations
Nancy Bacchieri
ir@360.net
Media
Michelle Gagné
michelle.gagne@360.net
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,
including general economic and business conditions, and specific
conditions affecting our sector, including pricing pressures and declining
prices; our ability to access capital markets to ensure financial
liquidity; competition; the inability to attract and retain our
anticipated customer base; existing government regulations and changes in,
or the failure to comply with, government regulations or obtain required
permits or licenses; changes in business strategy or development plans;
the ability to attract and retain qualified personnel; and other factors.
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. |
