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Technology Stocks : Global TeleSystems Group (GTS) -- Ignore unavailable to you. Want to Upgrade?

To: Tavros who wrote (25)	3/3/1999 9:44:00 AM
From: MangoBoy	Read Replies (2) \| Respond to of 73

[GTS Adds Madrid, Hamburg to Pan-European Network, Which Now Extends 12,200 Kilometers] MCLEAN, Va., March 3 /PRNewswire/ -- Global TeleSystems Group (GTS), announced today that its GTS Carrier Services unit has added Madrid, Spain and Hamburg, Germany to its rapidly expanding pan-European fiber optic network. These two cities add an additional 2,500 kilometers to the company's network, reinforcing its position as Europe's largest operational carriers' carrier network with 12,200 total operational kilometers. Madrid and Hamburg are the 18th and 19th cities added to the network as primary customer access nodes, with the network ready to serve customers on short notice in four additional European cities. Spain is the 10th country and Hamburg is the sixth German city added to the network. GTS Carrier Services also offers Internet service providers connectivity to Vienna, Prague, Bratislava and New York. In total, GTS Carrier Services currently reaches 26 of the 44 European cities to which it is scheduled to provide service by year-end 1999. "These two new cities represent major economic and telecommunications markets, adding significantly to our ability to serve our customers," said Jan Loeber, president of GTS Carrier Services. "The addition of Hamburg and Madrid continues our momentum to reach our goal of 50 European cities by the end of 2000." In January, GTS announced that it would become the first company in Europe to deploy IP-over-DWDM technology on a cross-border basis in Europe. In addition, the company also announced in January that it had formed a joint venture that plans to build and operate FA-1, the first multi-loop 1.28 terabit transoceanic fiber optic cable system. As FA-1 comes on line, GTS Carrier Services will be able to provide customers with high quality, high- capacity and low-cost Internet Protocol (IP) and other services between Europe and the U.S. "Our rapid deployment of innovative IP technology and the integration of U.S. connections, combined with our European network expansion, puts GTS Carrier Services in a strong position to meet European and U.S. carrier customers' high-speed networking requirements," added Loeber.