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Technology Stocks : Ascend Communications (ASND)

ASND 205.90

-1.3%

3:53 PM EST

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To: djane who wrote (46837)	5/13/1998 4:33:00 PM
From: djane	of 61433

BT in œ800m internet expansion (via NN thread) ft.com BT in œ800m internet expansion By Michelle Green in London British Telecommunications said on Wednesday it was planning an œ800m ($1.3bn) network expansion programme to meet the expected increase in demand for data communications and internet services. The investment comes after the œ300m investment in switching equipment announced by BT earlier this year. BT said the two investments would enable the company's core network to meet the demands of the emerging information market for increasingly sophisticated internet and multimedia services It said the network would support new applications such as electronic trading, mobile and broadband data integration and digital broadcasting. The company said it believed that the UK multimedia market would grow to become as large as the market for telephone usage by 2003. Since privatisation, BT had invested more than œ30bn in its network and has remained ahead of its competition, it said. Sir Peter Bonfield, chief executive, said: "With this latest investment we have all the ingredients to continue to lead the data wave in the UK." The œ800m will be used to extend the reach of BT's core optical fibre transmission network and exploit emerging dense wave divisional multiplexing technology. These technologies would allow BT to expand its core network almost without limit. BT has the largest network of this kind in the UK and Europe.>>>>

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