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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: Teddy who wrote (4541)	2/29/2000 1:24:00 AM
From: TechMkt	Read Replies (2) \| Respond to of 15615

Teddy, It's always good to have the big boys as your customer. GBLX is the DELL of the Telecom sector!!! Fez _________________________ Deutsche Telekom AG Boosts Capacity on Global Crossing Network FRANKFURT, Germany--(BUSINESS WIRE)--Feb. 29, 2000--Global Crossing (Nasdaq:GBLX): -- Deutsche Telekom AG signs agreement with Global Crossing for further transoceanic capacity. -- Increases total capacity provided by Global Crossing to 35 Gbit/s. -- Gives immediate access to additional capacity to satisfy heavy demand for international data and Internet traffic. Global Crossing (Nasdaq:GBLX), which is building and operating the world's most advanced global IP-based fiber optic network, announced today that it has concluded an agreement to provide substantial additional capacity to Deutsche Telekom AG. Total capacity sold to Deutsche Telekom is now 35 Gbit/s on AC-1, the fiber-optic system that provides a link between North America and Germany. AC-1 uses advanced wavelength division multiplexing (WDM)technology and is fully integrated with both Global Crossing's Pan European Crossing (PEC) and North American Crossing networks. Deutsche Telekom is significantly expanding its capacity options to satisfy a rapidly escalating increase in its global data and Internet traffic. "For almost two years Global Crossing has been reliably supporting us in our mission to provide high-quality global services," said Jens Deneke, for Deutsche Telekom AG. "This latest agreement gives us immediate access to substantial extra capacity and allows us to keep ahead of the ever-growing demands of data traffic in Europe and around the world." A first contract between the two companies was signed in 1998 and provided for five STM-1s, equivalent to 9,450 circuits at 64 Kbit/s. The commercial relationship extends beyond capacity purchases as Deutsche Telekom hosts one of Global Crossing's three AC-1 landing-point stations for Europe north of Hamburg on the island of Sylt. "Deutsche Telekom was one of the first in Europe to take advantage of our fast-expanding broadband connectivity and services around the world. Total value of the contracts between our companies has increased in each contract signed over the last two years and we look forward to extending our range of products and services to the company wherever they operate," said Wim Huisman, CEO of Global Crossing Europe.