Cable & Wireless Accelerates Pan European Internet Network Roll Out.Business Editors/Hi-Tech Writers LONDON--(BUSINESS WIRE)--April 18, 2000 Acquisition of IPERGY provides high quality IP fibre network nine months ahead of schedule Cable and Wireless plc (NYSE NYSE See: New York Stock Exchange : CWP CWP Coal workers' pneumoconiosis, see there ), the global telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. group, today announced a further major development of its global IP network with the acquisition of a majority holding in IPERGY, a Brussels based company providing a pan European fibre optic Internet backbone (communications, networking) Internet backbone - High-speed networks that carry Internet traffic. These communications networks are provided by companies such as AT&T, GTE, IBM, MCI, Netcom, Sprint, UUNET and consist of high-speed links in the T1, T3, OC1 and OC3 ranges. supporting a range of IP and co-location services. This acquisition will bring forward Cable & Wireless' roll out of IP services in Europe by nine months. This move strengthens Cable & Wireless' position as a market leader in business IP. The recent acquisition of eleven ISPs, and a web design house in Europe brings the total investment by Cable & Wireless to over $500 million and further reinforces its strategy of offering advanced Data and IP solutions to business customers. An additional $1.5 billion is being invested in building a European network which will be fully integrated into Cable & Wireless' unique global IP network. The majority holding in IPERGY ensures that Cable & Wireless remains at the forefront of developments in the IP field and is able to deliver an immediate pan European Internet backbone which will complement the existing investments currently being made in building the 9.6 Gigabits (OC192) IP network in Europe. Both these investments will be incorporated into the global IP backbone AS3561 that is being built at present. IPERGY's network includes interconnection in·ter·con·nect v. in·ter·con·nect·ed, in·ter·con·nect·ing, in·ter·con·nects v.intr. To be connected with each other: The two buildings interconnect. v.tr. with major Internet nodes in Europe -London, Frankfurt, Amsterdam, Brussels, Paris, Zurich, Milan and Madrid. The investment in IPERGY enables the accelerated introduction of the first truly pan European IP products such as -- Wholesale dial services providing low cost local access for Internet businesses -- IP Virtual Private networks -- Co location services See mobile positioning. Announcing the acquisition in Brussels, Rick Hudson, Cable & Wireless Director of IP Strategy and Marketing, said: "Our majority holding in IPERGY will bring huge, immediate, benefits to the IP market place, as well as allowing us to introduce a range of pan -European IP products nine months in advance of our original plans. We now have in place a high quality European Internet Backbone that will enable connection to the Cable & Wireless global IP network offering vast, flexible capacity to our customers. "As well as the speed and resilience resilience (r  ·zilˑ·yens),n of the network, this acquisition provides the integration platform for our ISPs around Europe. In addition our customers will have access to one of the most technically advanced and motivated mo·ti·vate tr.v. mo·ti·vat·ed, mo·ti·vat·ing, mo·ti·vates To provide with an incentive; move to action; impel. mo teams in the IP business. Jean Luc Nahon, Chief Executive of IPERGY, and his staff are pioneers in this leading edge technology. With their expertise and this high quality network in Europe - linked to Cable & Wireless' global backbone - we can provide the highest quality directly connected IP network throughout Europe, the US and Japan." About IPERGY IPERGY was created in 1999 by the founder and technical team of leading French IP carrier isdnet. Cable & Wireless acquired isdnet in December 1999. European Networks launched IPERGY as a venture capital backed project, with the support of the initial investors of isdnet. About Cable & Wireless With customers in 70 countries, Cable & Wireless is a major global telecommunications business with revenue of around (pound)8 billion in the year ended March 1999 and over 50,000 employees. Its businesses around the world offer a range of services spanning broadband data and Internet services, fixed and mobile voice, as well as interactive entertainment and information. Cable & Wireless' priority for expansion is the fast growing market of data and IP (Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. ) services for business customers. Since November 1998, it has announced major investments in advanced networks in the US and Europe, the restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). of Cable & Wireless Communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. in the UK and has acquired full control of Cable & Wireless IDC in Japan to support this strategy. Cable & Wireless now holds a unique position in terms of global coverage and services to business customers. Website: www.cwplc.com |
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