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

To: Teddy who wrote (6474)	6/12/2000 12:55:00 PM
From: TechMkt	Read Replies (1) \| Respond to of 15615

Global Crossing Signs Purchase Agreement for Nortel Networks OPTera Long Haul 4000 Optical Line System Will Accelerate Construction of Global Fiber Optic Network With 10 Gigabit Ultra Long Haul Technology BOCA RATON, Fla., June 12 /PRNewswire/ - Nortel Networks (NYSE/TSE: NT), a global leader in Optical Internet solutions, today announced a purchase agreement with Global Crossing Ltd. (NASDAQ: GBLX), a global advanced network services provider, to begin deployment of Nortel Networks' OPTera Long Haul 4000 Optical Line System. Scheduled to be in-service in the fourth quarter of 2000, the West Coast portion of Global Crossing's ultra-high capacity data network will initially carry multiple 10 gigabits per second (gbps) channels without the need for regeneration across a 1,450 kilometer route from Seattle to Sacramento, Calif. The optical 'add/drop' multiplexing technology of Nortel Networks' OPTera Long Haul 4000 will allow hand-offs at intermediate sites along the way. "Global Crossing is committed to going from Tokyo to London and beyond with an end-to-end all optical network," said Russell Shipley, vice-president, engineering, Global Crossing. "Deployment of the OPTera Long Haul provides Global Crossing 'the ability to reach the world with the capacity to change it' ... without regeneration." The Nortel Networks' OPTera Long Haul 4000 transports wavelength division multiplexed 10 gbps signals up to 2,500 miles (4,000 kilometers) without opto- electronic regeneration, creating the foundation for a purely photonic global infrastructure by dramatically reducing capital equipment and operational costs. "We share Global Crossing's vision for an all-optical, global network, and have designed the OPTera Long Haul 4000 specifically for such applications," said Fahri Diner, president of Qtera, a subsidiary of Nortel Networks. "Elimination of regens saves time and money by enabling Global Crossing to provision bandwidth much faster - which is a tremendous competitive advantage." "The innovation behind the OPTera Long Haul 4000 technology coupled with Nortel Networks' leadership proved to be a winning combination for Global Crossing," continued Shipley. "We are looking forward to turning up the Seattle-to-Sacramento route with the Nortel Networks platform." Nortel Networks offers a complete portfolio of end-to-end Optical Internet solutions, all supported by Nortel Networks' Preside network management software system. The Nortel Networks Optical Internet portfolio includes OPTera Long Haul, OPTera Metro, OPTera Connect and OPTera Packet Solution. Nortel Networks is a world leader in the Optical Internet. More than 75 percent of North American and more than 50 percent of European Internet backbone traffic travel across Nortel Networks systems.