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Technology Stocks : GST Telecom (GSTX) 4th quarter earning -- Ignore unavailable to you. Want to Upgrade?

To: MangoBoy who wrote (146)	6/18/1998 3:39:00 PM
From: MangoBoy	Respond to of 369

[GST Strengthens Presence in California's $11 Billion Communications Market] Completes Network Linking Communities From San Francisco to Los Angeles SAN FRANCISCO, June 18 /PRNewswire/ -- With the turn up of its 500-mile fiber optic network, GST Telecommunications, Inc. strengthened its presence in the $11 billion California telecommunications market, the most lucrative telecom market in the United States. GST has added to its extensive network infrastructure throughout California and the new 500-mile route solidifies its statewide presence by linking together the Company's robust San Francisco, Fresno, and Los Angeles fiber-optic networks. California ranks first in the United States in both population and demand for telecommunications services. The over 7.5 million business access lines create an insatiable demand for telecommunications services throughout the state. GST's network delivers much needed bandwidth capacity to the state's overburdened telecommunications infrastructure. For businesses, this state-of-the-art network translates to increased speed and reliability to efficiently transmit voice and data information, access the Internet and private intranets, and perform other on-line functions. ''GST stands well positioned to capitalize on California's profitable telecommunications market. Sixty percent of California's long distance traffic is intrastate and 40 percent of worldwide Internet traffic originates and/or terminates in the state,'' commented Joseph A. Basile Jr., president, chief operating officer, and acting chief executive officer of GST. ''This network represents a significant milestone in our long-term strategy to link our local operations and provide integrated service throughout the western United States. GST's seamless fiber optic connectivity from San Francisco to Tucson allows us to manage access and transport costs while providing leading-edge voice and data services on our own facilities.'' In addition to local and long-distance voice service, the network enhances the reliability of high-speed Internet access, data services, as well as the transfer of video and digitized graphic images. To accommodate the large data demand for California businesses, GST has deployed CIENA's dense wavelength division multiplexing (DWDM) equipment to expand its fiber optic capacity. The DWDM technology divides a single wavelength into multiple channels, significantly increasing the capacity of the fiber and expanding bandwidth without the additional expense of adding more fibers. The network is part of GST's aggressive expansion in California and the western United States. Earlier this year GST turned up six Nortel DMS 500 voice switches in California, providing local telephone service throughout most of the state. GST first established a presence in California's secondary markets by building fiber networks in areas adjacent to the major metropolitan areas of San Francisco and Los Angeles. The development of infrastructure throughout the East Bay area and the Inland Empire facilitated GST's entrance into the tier one cities. Basile added, ''As expected the demand for fiber optic facilities has been significant in this telecom-rich state. Recognizing that demand, we've built the necessary statewide infrastructure and have already turned up our first customer on the newly completed network and are provisioning additional customers. It's obvious that GST's 500-mile route has met a critical demand.''