360networks completes and lights network segment linking Rio de Janeiro and Sao Paulo
13:49 GMT-04:00 Wednesday, April 25, 2001
VANCOUVER and RIO DE JANEIRO, April 25 /CNW/ - 360networks today announced the completion and lighting of a major network segment linking Rio de Janeiro, Belo Horizonte and Sao Paulo, Brazil. The 1,200-kilometer (750- mile) terrestrial route was completed within budget and is scheduled to enter commercial service in late May.
The network segment is part of 360americas, a 29,000-kilometer (18,000- mile) undersea and terrestrial network that currently connects the United States, Brazil, Venezuela and Bermuda. 360americas will also connect Argentina in the third quarter and is scheduled to be complete in early 2002.
"Starting next month, we will be providing seamless broadband connectivity between Brazil, North America and Europe," said Greg Sieg, vice- president of operations - Americas. "This is an important network development as commerce between Brazil, the Americas and Europe is increasing significantly. In fact, we now have a direct link between Brazil and its two largest trading partners: the United States and Germany."
"The lighting of this segment also represents another important step to establishing a truly global footprint," Sieg added. "We are well on our way to having the only global optical mesh network, providing portable and scalable bandwidth across four continents."
360networks has already sold network capacity on 360americas to a number of international customers, including France Telecom, Intelig, Teleglobe, Impsat and OptiGlobe.
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.
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.
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For further information: Michelle Gagne, Director of corporate communications, 360networks, (604) 648-7703, michelle.gagne(at)360.net; Nancy Bacchieri, Director of investor relations, 360networks, (206) 239-4064, ir(at)360.net
© 2001 Canada Newswire Ltd.
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