Thanks for the Fore explanation.
It's a quiet day and I keep finding odd bits of news with ties to NN:
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April 12, 1999
Dow Jones Newswires
IXC Commun, Electric Lightwave In $178M Fiber Exchange Pact
Dow Jones Newswires
AUSTIN, Texas -- IXC Communications Inc. (IIXC) and Electric Lightwave Inc. (ELIX) signed a 20-year, right-of-use fiber exchange agreement valued at about $178 million.
ss release Monday, Electric Lightwave said it will acquire IXC's dark fiber and certain OC-48 to OC-192 capacity for $101 milion over 20 years.
The network is being built from Salt Lake City to Denver and Denver to Dallas.
IXC will acquire Electric Lightwave's dark fiber currently in place or under construction for Seattle-Portland; Portland-San Francisco and Seattle-Spokane for $77 million.
Both companies will lease added segments from each other as needed.
In total, the deal includes about 2,800 route miles of fiber, maintenance and collocation space.
The deal allows IXC to close a fiber ring connecting Portland, Ore.; Sacramento, Calif.; San Francisco, Los Angeles, Las Vegas, Salt Lake City and Boise, Idaho, with an added leg to Seattle and on to Spokane, Wash. The addition boosts IXC's network to 16,400 route miles by end of 1999.
The agreement boosts Electric Light's route miles to more than 7,500 by the end of 2000.
Electric Lightwave provides enhanced data services, frame relay, ATM and Internet access solutions.
IXC provides long-distance telephone services to long-distance carriers.
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