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delayed 20 mins - disclaimer
Tuesday June 29, 7:30 am Eastern Time
Company Press Release
SOURCE: FTV Communications LLC
FTV's Portland-Los Angeles Fiber-Optic Network Now Commercial
BUTTE, Mont., June 29 /PRNewswire/ -- FTV Communications LLC, a
consortium of three telecommunications companies that built a 1,700-mile
fiber-optic inland route between Portland, Ore., and Los Angeles
announced today the conduit, cable, and regeneration site installations
are complete, fully operational, and carrying commercial traffic.
Touch America, a subsidiary of the Montana Power Company (NYSE: MTP -
news), Enron Communications, a wholly owned subsidiary of Enron Corp.
(NYSE: ENE - news), and Williams Communications, a unit of Williams
(NYSE: WMB - news), formed FTV, a limited liability company, in
September 1997 to construct the fiber route that passes through Boise,
Salt Lake City and Las Vegas. The agreement stipulates that each company
shares equally in the costs and proceeds of the fiber network that
stretches through the key western corridor of the United States.
FTV and IXC Communications Inc. of Los Angeles also agreed to share in
the project, with IXC building the segment from Los Angeles to Las
Vegas, while FTV constructed from Las Vegas to Portland. Each company
will maintain its own portion of the route.
About Touch America
Touch America is a wholly-owned telecommunications subsidiary of The
Montana Power Company, providing long distance services, private line
services, Internet, and business telephone equipment throughout the
Upper Mid-west and western United States since 1983. The company's
10,000-mile digital fiber-optic network employs the most advanced
telecommunications technology available today. The company has an
additional 2,000 miles under construction and plans to have an
18,000-mile network by yearend 2000. Touch America offers a full line of
long distance services, as well as dedicated voice, data, video services
and frame relay solutions. Touch America's equipment services include
design, installation, and maintenance of PBX and key systems. The
company also offers construction management oversight of the
installation of fiber optic systems. Touch America and The Montana Power
Company are based in Butte, Mont. Information about Touch America can be
found at in-tch.com or mtpower.com.
About Enron Communications
About Enron Communications, Inc.: Enron Communications, a wholly owned
subsidiary of Enron Corp., is a leader in intelligent internetworking
and the delivery of high-quality, high-bandwidth business information
and applications. Enron Communications is building a long-haul
fiber-optic network on strategic routes throughout the United States to
create a data-centric national Pure IP backbone known as the Enron
Intelligent Network. It is extending the capabilities of that network
through agreements with ISPs and carriers seeking to generate new
revenue sources and improved services.
Enron Corp. is one of the world's leading integrated natural gas and
electricity companies. The company, which owns approximately $30 billion
in assets, produces electricity and natural gas, develops, constructs
and operates energy and water facilities worldwide and delivers physical
commodities and risk management and financial services to customers
around the world. Enron's Internet address is www.enron.com, the stock
is traded under the ticker symbol, ''ENE.''
About Williams
Williams, through its subsidiaries, provides a full range of
communications and energy services. Williams Communications owns and
operates a domestic long-distance fiber-optic network with 18,600 route
miles in service, 20,550 miles of fiber in the ground and plans to
complete 32,000 route miles connecting 125 cities by the end of 2000.
Williams Communications also sells, installs, integrates and maintains
business communications equipment in North America; provides data and
multimedia satellite transmission globally; and has fiber-optic and
wireless interests in Australia and South America. Additional
information is available at www.williams.com.
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING STATEMENTS
This release includes forward-looking statements and projections, made
in reliance on the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. The companies have made every reasonable
effort to ensure that the information and assumptions on which these
statements and projections are based are current, reasonable, and
complete. However, a variety of factors could cause actual results to
differ materially from the projections, anticipated results or other
expectations expressed in this release. While the companies make these
statements and projections in good faith, neither the companies nor
their management can guarantee that the anticipated future results will
be achieved. Reference should be made to the companies' (and their
affiliates') Securities and Exchange Commission filings for additional
important factors that may affect actual results.
NOTE: All trademarks are the property of their respective owners.
SOURCE: FTV Communications LLC |
