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

To: Theophile who wrote (11186)	5/13/2001 11:10:07 PM
From: TechMkt	Respond to of 15615

This is 2 months old, but the first time I read it. Hope it's not old news to everyone. This answers the question, "Where will GX get it's supply of fiber?" Fez __________________________________ Global Marine, OCC and NEC Announce Strategic Alliance To Deliver Integrated Submarine Cable Networks Chelmsford and Tokyo, 8th March 2001 - NEC Corporation (NEC), Global Marine Systems Ltd.(Global Marine) and OCC Corporation (OCC) today announced a strategic alliance to deliver integrated submarine cable networks. Combining their respective expertise in the development and the turnkey implementation of submarine cable networks, the three companies will capitalize on their strengths to develop high quality, speed-to-market and cost-efficient submarine network infrastructure. NEC, a leading turnkey system supplier and manufacturer of submarine telecommunication systems, and Global Marine, the world leader in marine installation and operation, and OCC, a provider of the most high-quality submarine cable, will collaborate to bring fully integrated network offers to their global customers. With this agreement, NEC, Global Marine and OCC are executing their shared vision to provide integrated networking solutions available from the companies. The scope of this strategic alliance includes the following arrangements: NEC will exclusively use Global Marine Fleets for projects awarded to NEC. Global Marine and OCC, through joint planning and forecasting with NEC, will allocate resources to NEC to best meet their requirements. The three companies will work together for joint sales and marketing, project planning, solution development. Each may have in-house representatives in respective offices to liaise with the other. Management team will be formed to support further collaboration between the companies. Global Marine is the world's leading provider of marine installation and maintenance to the telecommunication sectors, which owns and operates the world's largest, most advanced fleet of cable ships and submarine vehicles. Mike Downie, Chief Executive of Global Marine, said: "This agreement builds on our existing strong relationship with NEC. We believe that bringing together the resources of our three specialist companies will enable us to provide an integrated option to the customer seeking it." Kentaro Oka, Vice President - International Sales Unit of NEC Corporation stated, " We are delighted to have entered into an alliance with Global Marine and OCC, a leading submarine service and cable provider. The three companies share a common vision to be the leading provider of global submarine cable networking solutions. The combination of our proven expertise in meeting the needs of the industry clearly signals our leadership in providing integrated telecommunications networks. We believe that the partnership will elevate our position in the telecommunications value chain." Kiyoshi Funaki, President of OCC Corporation, said, "We are pleased that three of the world's leading companies providing key elements of submarine cable system supply are to become more aligned. We recognise that it is vital to meet customer requirements for total network solutions. By working together, we will be able to fully meet our customers total solution needs for international telecommunications networks. This will be of great value not only to OCC but also to all our global customers." The total market for integrated submarine networking solutions is estimated at over US$10 billion and 200,000km per annum for at least the next three years, according to the industry analyst firm T Soja & Associates, Inc."