Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Teddy who wrote (156)	1/8/1999 2:55:00 PM
From: Mazman	Read Replies (1) \| Respond to of 15615

Teddy and all, Looks like competition is heating up for Asia-European link. regards, mazman Telstra's Sea Cable Link to $5.1 Billion Internet Industry Business Wire, January 8, 1999 Telstra will be able to satisfy future demand for global phone, fax, video and Internet as well as the 2000 Olympics with this week's Perth landing of a $1.3 billion international undersea cable -- a link to more than half the world's population. Lawrence Paratz, head of Telstra's Network and IT Infrastructure, said that by investing in the 37,000 km cable linking 33 countries in South East Asia, the Middle East and Western Europe (SEA-ME-WE 3) Telstra plans to capture a share of online revenues estimated to be worth about $5.1 billion by 2001. "With global online business forecast to be a $4.1 billion industry and Internet and data earning $1.3 billion in revenues by 2001, Telstra has a very sound reason to be one of the top five investors in the 37,000 km cable linking 33 countries in South East Asia, the Middle East and Western Europe, known as the SEA-ME-WE 3 cable system," he said. "Telstra's investment in SEA-ME-WE 3, including the 5,000 km cable from Perth to Singapore, is crucial for satisfying explosive customer demand for Internet and interactive services. Voice traffic remains a priority for Telstra, but a growing Internet focus means that Telstra's local Internet traffic will exceed voice traffic within the next few years, as it already has internationally. Telstra has joined a global consortium of more than 90 companies because it makes good business sense to share infrastructure costs with overseas partners," he said. Made up of a 2-pair optical fiber cable system, each pair of fibers can transmit up to 20 Gigabits per second of data, carrying a total of 500,000 simultaneous phone calls, or, 1,000 broadcast quality TV channels (fully expanded) or one million pages of Email per second. One of the main benefits for the 2000 Olympics is the capacity to support global demand for 24-hour digital TV coverage for international networks and studios. Paratz said there were a number of compelling reasons for Telstra to play a lead role in the project. "As well as providing connectivity to international trading partners well into the next century, it's a sound business investment because of the quality and range of services Telstra can offer its Australian and international customers," he said. Telstra faces increasing demand to expand available capacity for its international services from phone to high speed data and interactive services, including international leases -- enabling companies to boost their communications by linking computer networks. The SEA-ME-WE 3 project will provide the greater bandwidth necessary to support these high growth, high-technology customer services. Paratz said Telstra also had a commitment to build online and e-commerce capabilities for Australian business. New products alone are expected to grow at accelerated rates ranging from 30-90 percent per annum," he said. Construction of the cable began in 1997. The SEA-ME-WE 3 is expected to carry commercial traffic from late 1999. Telstra Corp. Ltd. is Australia's leading full-service domestic and international telecommunications provider and a major carrier in the Asia Pacific region. With annual revenues of more than US$14 billion (Aud$17.2 billion), Telstra offers consumers and businesses a broad portfolio of services including long distance, wireless, local, messaging, Internet services, information services, outsourcing, and advanced global telecommunications services. Additional information on Telstra and its services is available by calling 800/799-6283 or viewing Telstra on the Internet's World Wide Web at telstra.com.au.