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<<<360networks obtains facilities-based license to operate in
Japan
VANCOUVER, BC and TOKYO, May 29 /PRNewswire/ - 360networks today announced it has been granted a Type 1 facilities-based license to own and operate telecommunications infrastructure in Japan, the largest telecommunications hub in the Asia-Pacific region. This license will allow 360networks to deliver bandwidth and colocation services to its global customers in Japan.
"360networks will be one of the few global carriers able to provide customers with connectivity to Japan and other parts of Asia with full end-to- end management over a seamless optical network," said John Tull, president of 360networks' Asia division. "In response to strong demand from our customers, our first commitment is to launch optical transport and IP services in Japan by the fourth quarter of this year."
Japan's telecommunications market is the second largest in the world, with an estimated value of more than US $130 billion. The country boasts approximately 64 million wireless subscribers, 34 million wireless Internet users and 25 million residential wireline Internet users. Broadband Internet subscriptions are growing at a rate of approximately 250,000 every three months.
In January of this year, 360networks opened an office in Tokyo with sales and operations staff. Mike Benner recently joined as representative director with 12 years of telecommunications industry experience and 10 years of business experience in Japan.
"360networks will begin delivery of service from our operational hub and colocation facility in Tokyo by November," Benner said. "Key routes will be Tokyo and Osaka to North America, and Tokyo to Hong Kong, and soon after, Singapore. Initial interest from our global customers has been very strong."
This is the second license for which 360networks has received approval in Asia. In March, 360networks obtained a facilities-based operator license in Singapore.
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 early 2002, the planned network will span approximately 140,000 kilometers (86,000 miles) and link approximately 100 major cities in North America, Europe, South America and Asia with terrestrial routes, undersea cable systems and network capacity. >>>
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