-PSINET: PSINet activates capacity on transatlantic fibre-optic cable system
Presswire - August 17, 1998 13:24
M2 PRESSWIRE-17 August 1998-PSINET: PSINet activates capacity on transatlantic fibre-optic cable system (C)1994-98 M2 COMMUNICATIONS LTD
-- World's largest independent commercial Internet service provider turns up capacity between New York and London
PSINet Inc (NASDAQ:PSIX), the first and largest independent Internet service provider (ISP) today announced that it has installed and activated its STM-1
fibre-optic network capacity on the Atlantic Crossing (AC-1) submarine cable system operating between the United States and the United Kingdom. STM-1 is a
standard bandwidth transmission speed value equivalent to OC-3. Both are capable of transmitting data at speeds up to 155 megabits per second. Capacity was
acquired through an indefeasible right of use (IRU) agreement with Global Crossing as previously announced in March of this year.
PSINet's STM-1 capacity has been successfully interconnected with PSINet's recently activated first stage of an OC-48 (2.4 gigabit per second) US fibre network
at its New York City point of presence (POP). This capacity has also been successfully interconnected with PSINet's leased UK-wide fibre network at its London
POP. PSINet can now provide its customers with a continuous fibre-optic Internet data network between London and Los Angeles also linking to PSINet's existing
high-speed network infrastructure in North America.
PSINet's activation of this transatlantic backbone is a critical step in the company's strategy to own its own fibre and global POP switching facilities while developing
and providing innovative and leading- edge business applications, including its recently announced voice-over-Internet services (PSIVoice). The newly activated
fibre-optic capacity allows PSINet to achieve a much lower cost of operation by replacing more costly leased bandwidth circuits, while delivering reliably the broad
array of demanding multimedia Internet services required by PSINet's business customers.
William L. Schrader, chairman, president and chief executive officer, said: "Activation of the transatlantic bandwidth is a critical component in the build-out of our
global Internet network and complements our recent European acquisitions. By owning strategic bandwidth assets, PSINet is able to reduce costs and provide
customers with superior service. We will continue to acquire companies and bandwidth in the top 20 international telecommunications markets as pad of our plans
for continued strong growth. PSINet is determined to maintain its position as a leading communications carrier poised to meet the demands of businesses into the
21st century."
NOTES TO EDITORS About PSINet Headquartered in Herndon, VA, PSINet is a global facilities-based Internet Protocol (IP) data communications carder
focussed on the business marketplace. As the first and largest independent commercial Internet service provider in the world, PSINet offers a broad set of
high-speed corporate LAN connectivity services supporting managed security and guaranteed Internet, intranet, electronic commerce, Web hosting services, and
services for other carriers and ISPs. PSINet operates an international state-of-the-art frame relay-based, IP-optimised network connecting over 400 points of
presence extending to 11 countries. PSINet has subsidiaries in Belgium, Canada, Japan, France, Germany, Hong Kong, Italy, the Netherlands, Switzerland, and the
UK. The PSINet UK Web site is available at uk.psi.net.
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