To: Frank A. Coluccio who wrote (1504 ) 8/19/1999 10:55:00 PM From: Frank A. Coluccio Read Replies (3) | Respond to of 15615
New World Network Announces Americas-8 Will Connect Virtually Every Country in Latin America to the US Market August 19, 1999 MIAMI, Fla.--(BUSINESS WIRE) via NewsEdge Corporation -- New World Network, the developer and majority owner of Americas Region Caribbean Ring System (ARCOS-1) is planning a new submarine fiber optic ring around South America that will connect more than 20 Latin American countries, when combined with the already announced ARCOS-1. The new project in conjunction with ARCOS-1 forms a system called Americas-8, named for the shape of the figure 8 the two rings form on the map. With 41 landing stations, it will be among the largest systems in the world. As a 1.28 Terabit system, Americas-8 will utilize DWDM state-of-the-art technology. Americas-8 will connect virtually every country in Latin America with the U.S. market. Americas-8 will be owned by both New World Network and its carrier/partners forming a hybrid ownership, which enables the lowest possible unit cost to customers. Americas-8 will also provide capacity in smaller chunks consistent with its carrier-friendly reputation. A likely result will be to enable U.S. Internet providers to vastly expand their services in the lucrative Latin American market as well as encouraging the expansion and creation of indigenous information services. New World Network Holdings, Ltd. is a carriers' carrier that provides advanced, high-speed bandwidth capacity to telecommunications companies, Internet service providers and Web portals. It designs, finances, implements and operates regional fiber optic networks. New World Network owns approximately 90% of ARCOS-1 and partners with close to 30 carriers, including GTE, MCI Worldcom, ATT and Cable and Wireless. NOTE TO EDITORS: (Maps of both ARCOS-1 and the Americas-8 Systems are available through contacting contact Kevin Gandara at Wilson McHenry Company, kgandara@wmc.com.) <<Business Wire, 08-18-99, 11:36 Eastern>> CONTACT: For information: | Marti Griffin Will Steinberg | Wilson McHenry Company Wilson McHenry Company | 212-836-4066 786-242-2107 | mgriffin@wmc.com wsteinberg@wmc.com