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Technology Stocks : Alcatel (ALA) and France

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To: Steve Fancy who wrote (32)9/26/1998 11:56:00 PM
From: Neil H  Read Replies (1) of 3891
 
ALCATEL TO SUPPLY MAJOR PART OF MORE THAN
US$ 150 MILLION UNDERSEA NETWORK IN
CARIBBEAN


Paris, 22 September 1998 -- Alcatel and Tyco Submarine
Systems Ltd. (TSSL), have been awarded a US$ 150 million
contract to supply ‘MAYA 1', a new high-capacity undersea
network in the Caribbean.

Alcatel will be responsible for approximately 75% of the total
contract value including all the undersea electronics, land
cable, and all terminal equipment in the landing stations,
including the SDH and network management equipment, for the
4500 km project.

The contract, signed in the Cayman Islands, was awarded by a
number of operators including AT&T, C&W, Hondutel, ICE,
MCI, Sprint and Telmex.

The network is scheduled for completion in the spring of the
year 2000 and will connect the USA, Mexico, the Cayman
Islands, Honduras, Costa Rica, Colombia and Panama. In
addition to the main system is a provision within the contract
for one additional landing in Venezuela.

The two fibre pair cable system will use wavelength-division
multiplexing (WDM) and will give an initial capacity of 15
Gbit/s to the region, upgradeable to 40 Gbit/s , for transmitting
voice, data and video traffic.

As Christian Reinaudo, President of Alcatel's submarine
networks business explained, "MAYA 1 will be the first
optical network on the western seaboard on the Caribbean and
will give Costa Rica and Honduras their first direct access to
the regions undersea network infrastructure. We are delighted
to have been chosen to play a part in this important
development".
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