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Gold/Mining/Energy : JDS Fitel -- Ignore unavailable to you. Want to Upgrade?

To: Glenn McDougall who wrote (301)	7/23/1998 1:20:00 PM
From: pat mudge	Respond to of 815

Does JDS do business with WorldCom? <<< MONDAY JULY 20 1998ÿÿAmericasÿ WORLDCOM: Group to launch optical fibre network By Alan Cane WorldCom, the fast expanding US telecommunications group, is claiming industry leadership this week with the entry into service of an advanced optical fibre network code-named "Ulysses" linking Europe's financial centres and the US. The networks in Europe and the US and the undersea cables that connect them link 27,000 US offices and 4,000 buildings in Europe. The cables and switches are wholly owned and managed by WorldCom, which gives it a significant commercial advantage over competitors that are forced to lease capacity on other companies' networks to collect or deliver international calls. "When you own a network end-to-end you can control costs, quality and the products and services you offer," said John Sidgmore, WorldCom's chief operating officer. Customers in Europe could expect to see significantly lower communications costs. WorldCom's network is designed to carry volumes of data that would conventionally be consigned to private lines leased at high cost from telecoms operators. New services include international ATM, the transmission technology which underpins the information superhighway. Mr Sidgmore said: "The European network is the centrepiece of WorldCom's strategy to be the world's premier provider of telecoms services over its own facilities, owned and managed end to end." The significance of the launch is underlined by the fact that Liam Strong, head of the company's operations outside North America, chose the occasion to give his first public interview since taking control. "We are up and operating only seven months after liberalisation of the European telecoms market while others are still thinking about it," he said. "This network will allow us to become a major global player." WorldCom turned over only $7.35bn last year but is growing through organic growth and acquisition. It is in the final stages of having its proposed merger with MCI, the second largest US long distance operator, approved by US regulators. Many analysts believe it is the company best placed to take advantage of the revolution in telecoms, which emphasises intelligent networks, data transmission and the internet at the expense of traditional voice calls. Now that the core of the European network is complete, the company is considering expansion northwards into Scandinavia and south into Spain and Italy. WorldCom is already committed to an aggressive expansion programme in Tokyo and Sydney starting in the autumn.>>>>