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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: JRH who wrote (15908)	8/10/1998 8:33:00 AM
From: Kent Rattey	Respond to of 77400

CISCO SYSTEMS TO PROVIDE INTERNATIONAL IP NETWORK FOR CARRIER1 ZURICH, SWITZERLAND (Aug. 7) BUSINESS WIRE -Aug. 7, 1998--Cisco Systems has been awarded a contract to provide an international IP network to European-based Carrier1. Cisco will provide Carrier1 with a turnkey network solution, worth in excess of US$5 million. The new network will be ready to carry customer traffic from Sept. 1 and will span five European countries, with links to the United States. The deal involves the rollout of the first European IP backbone based on a 155Mbps SDH ring. Carrier1 will utilize Cisco's latest backbone routing hardware and software to launch a wide range of services targeted at Internet Service Providers and other online service resellers. Cisco's turnkey offering includes the installation, commissioning, design, management and operations for the network. Stig Johansson, CEO of Carrier1 said: "This deal, combined with the rollout of Cisco products into the backbone, allows Carrier1 to offer services and service levels not seen before in Europe. In close cooperation with Cisco, we have been able to progress from business plan and concept to a full network rollout in less than three months. The innovative design of Cisco's routing platform will enable Carrier1 to deliver services quickly and cost-effectively to customers throughout Europe." Carrier1 intends to introduce a suite of carrier services, including wholesale voice and bandwidth connectivity, to customers such as fixed line second and third operators, GSM operators and multinational companies requiring wholesale bandwidth services. Peter Lomas, Cisco's Vice President of Service Provider Operations for Europe, Middle East and Africa, adds: "Carrier1's decision to base its business on an IP-centric data network architecture is further evidence of the change that is starting to occur in Europe. More and more carriers now believe that as data and voice continue to converge in the New World, IP is the basis for building robust, scalable multiservice networks as a platform for new and profitable services."