Amsterdam Bullewijk-Zuid and Schiphol Forward/Rijk Business Parks Connected to VersaTel's Broadband Fiber Optic Network.AMSTERDAM, The Netherlands - (BUSINESS WIRE) --, October 29, 1999 - VersaTel Telecom International N.V. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :VRSA VRSA Vancomycin-resistant Staphylococcus aureus. Cf Vancomycin-resistant enterococcus. ; AEX AEX See: Amsterdam Exchange :VRSA), a rapidly growing, facilities based, competitive provider of voice, data and Internet services in the Benelux, today announced that it has connected both the Amsterdam Bullewijk-Zuid and Schiphol Forward/Rijk business parks to its broadband local access network. The Amsterdam Bullewijk-Zuid and Schiphol Forward/Rijk local access fiber-optic rings will provide the surrounding densely populated pop·u·late tr.v. pop·u·lat·ed, pop·u·lat·ing, pop·u·lates 1. To supply with inhabitants, as by colonization; people. 2. business parks with direct access to VersaTel's planned 2,200 km broadband network in the Benelux and 2,000 km international fiber-optic network. Each of the two business park rings consists of 5 kilometers of local access fiber. "The completion of the Bullewijk-Zuid and Schiphol Forward/Rijk business park rings represents impressive growth in the number of local access extensions to VersaTel's broadband local access network. These local access rings allow us to directly connect our business customers to VersaTel's high speed, high bandwidth network and provision our full package of voice, data and Internet services," stated Gary Mesch, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of VersaTel Telecom. The Amsterdam Bullewijk-Zuid and Schiphol Forward/Rijk business park rings are connected to VersaTel's 440 km STM-64 Randstad ring. The Randstad ring is four times faster than any other network in The Netherlands and one of the fastest fiber-optic networks in Europe. To date, VersaTel has connected five business park rings and one city ring to its broadband network, further expanding its local access coverage in the Benelux. The Randstad ring covers the densest concentration of businesses in the Benelux and will allow VersaTel to address a large portion of the business market with its fiber network. Upon completion, the VersaTel network will span 2,200 km and pass 270,000 businesses within 5 km of the network and 109 cities. In addition to the local access network, another 2,000 km of fiber will connect major European business centers including Paris, Dusseldorf, London and Frankfurt. VersaTel Telecom International N.V. is a rapidly growing, facilities-based, competitive local access network operator primarily focused on the Benelux, which consists of The Netherlands, Belgium and Luxembourg, and is based in Amsterdam. VersaTel's vision is to become the leading fully-integrated provider of local access, facilities-based broadband services See broadband and broadband service provider. , including voice, data and Internet services for businesses in the densely populated, high-income Benelux countries. Founded in October 1995, the Company holds full telecommunications licenses in Netherlands and Belgium and has over 16,000 business customers and 475 employees. VersaTel's investors include lead investor NeSBIC and its IT and Telecoms specialized NeSBIC CTE (Coefficient of Thermal Expansion) The difference between the way two materials expand when heat is applied. This is very critical when chips are mounted to printed circuit boards, because the silicon chip expands at a different rate than the plastic board. Fund, Paribas Deelnemingen and NPM NPM National Poetry Month NPM National Postal Museum NPM New Public Management NPM National Association of Pastoral Musicians (Silver Spring, Maryland) NPM Network Processor Module NPM National Project Manager Capital. VersaTel is currently building a broadband network that will use the latest network technologies to provide business customers in the Benelux with high bandwidth voice, data and Internet services. VersaTel is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. on the Amsterdam Stock Exchanges
The Amsterdam Stock Exchange is the former name for the stock exchange based in Amsterdam. and Nasdaq National Market under the symbol "VRSA". News and information are available at http://www.versatel.com. (Certain statements in this Press Release are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of The Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Such statements are based on the current expectations of the management of VersaTel Telecom International NV only, and are subject to a number of risk factors and uncertainties, including but not limited to changes in technology and market requirements, decline in demand for the company's products or services, inability to timely develop and introduce new technologies, products and services, loss of market share, pressure on pricing resulting from competition, inability to maintain certain marketing and distribution arrangements, which could cause the actual results or performance of the company to differ materially from those described therein. For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's prospectuses and reports to be filed from time to time with the Securities and Exchange Commission.) Note to Editors: The VersaTel logo is a registered trademark of VersaTel Telecom International NV in The Netherlands, Belgium and Luxembourg. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion