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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (1157)	10/1/1998 5:23:00 PM
From: WiseGuy	Read Replies (1) \| Respond to of 14638

ALL, any idea NT might be involved here, since NT is #1 in fiber-optic backbone? Global Crossing to build $700 million fiber-optic network By Jana Sanchez-Klein InfoWorld Electric Posted at 8:07 AM PT, Oct 1, 1998 Global Crossing on Thursday announced it will build a Pan European Crossing, a fiber-optic network linking 18 European cities with the United States, Asia, and Latin America, with some network operation to begin in the fourth quarter of 1999. The $700 million, 7,200-kilometer network will have the highest capacity of any independent network in Europe, the Hamilton, Bermuda-based company said. Construction of the network will begin in October and will be completed in 2000, the company said. The network will use Synchronous Digital Hierarchy (SDH) and dense wave division multiplexing (DWDM) technologies. The network is designed to meet the growing demand for global Internet and communications by national telecommunications providers, emerging telecommunications companies, and ISPs, the company said. By leasing space from Global Crossing, telecommunications companies and ISPs will be able to expand their traffic capacity without investing in fiber cables. The company is banking on telecommunications deregulation in Europe to fuel the demand for network capacity. The network will eventually connect major European business capitals including London, Paris, Amsterdam, Barcelona, Madrid, Vienna, Frankfurt, and Copenhagen. Global Crossing also plans to construct undersea optical fiber communication to connect Asia, Latin America and the United States to Europe. The startup made news in April, when Jack Scanlon, a senior Motorola executive, left Motorola to become chief executive officer of Global Crossing. Global Crossing Ltd. can be reached at www.globalcrossing.bm. Jana Sanchez-Klein is London bureau chief for the IDG News Service, an InfoWorld affiliate.