Broadwing Wins $25M Deal With Gateway Networks.Business Editors, High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--May 1, 2000 Broadwing Communications, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Broadwing Inc. (NYSE NYSE See: New York Stock Exchange :BRW BRW Business Review Weekly (business magazine; Melbourne, Victoria, Australia) BRW Business Report Writer BRW Barrow, AK, USA - Barrow (Airport Code) BRW Business Requirement Worksheet ), announced today that Gateway Networks, the first independent Multi-Service Carrier Network (MSCN) in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , has purchased capacity on Broadwing's high-speed fiber optic network for $25 million. This deal allows Gateway Networks to continue its roll out across North America as a `carrier's carrier' with Broadwing's wavelength technology providing data, voice and IP services over its coast-to-coast network spanning over 16,888 fiber miles. In addition, Broadwing will provide Gateway with collocation services at all of its points of presence (PoPs). As part of its growth strategy, Gateway Networks was looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a reliable U.S.-based carrier that could provide high-bandwidth wavelength network services throughout the U.S. at competitive prices. "We selected Broadwing as our entry into the U.S. market based on the speed, reliability and scalability of its network and the excellent services we knew we could count on," said Jim Blumsom, president and 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. of Gateway Networks. "Broadwing's unique architecture will allow us to gain access to U.S. markets that are critical to our growth." By utilizing state-of-the-art wavelength technology, which operates at a fast 2.5-gigabit rate, Broadwing will be able to quickly increase bandwidth capacity and speeds to meet customer needs. In addition, Broadwing will gain capacity on Gateway's network in Canada to expand the sale of its products and services. The alliance, which follows a number of "swap" agreements signed by Broadwing recently, provides Broadwing with critical network connectivity throughout Canada. "This is a win-win situation for all of us, most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially our customers, who will have the benefit of high-quality voice services at a significant cost savings," said Rick Pontin, president and COO of Broadwing Communications. About Gateway Telecom Canada Gateway Telecom Canada is a leading Canadian telecommunications provider with a strategic focus on Gateway Networks, the company's wholesale telecommunications division. Gateway Networks is the first independent Multi-Service Carrier Network (MSCN) in North America and only communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. to offer multiple point-to-point bandwidth and dark fibre, Signaling System Seven (SS7), Internet wholesale, long distance in and between Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . More information can be found at: www.gatewaynetworkscanada.com. About Broadwing Broadwing Communications is a wholly owned subsidiary of Broadwing Inc. Broadwing Inc. (NYSE:BRW) is an integrated communications powerhouse delivering voice, data and Internet solutions to a variety of customers nationwide. Broadwing combines unparalleled customer service with a premier next-generation fiber network and award-winning IP backbone, to create data and Internet solutions that are innovative, reliable, and provide businesses a competitive advantage. Broadwing sets the standard for customer accountability with its first-in-the-industry Installation Guarantee. Headquartered in Cincinnati, Ohio with 5,500 employees in 38 cities, Broadwing can be found on the Web at broadwing.com. |
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