FLAG Telecom Expands Asian Network Reach With International Telecom License in Taiwan; Taiwan License Represents Completion of FLAG North Asian Loop.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--Oct. 28, 2002 FLAG Telecom Group Limited (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : FTGLF), along with its group companies ("FLAG Telecom"), announced today that the company has been awarded a Type 1 Telecom license to establish and operate a nationwide telecommunications network A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. in Taiwan. The license officially completes FLAG Telecom's North Asian Loop (FNAL FNAL - Fermi National Accelerator Laboratory (Illinois, USA). ) and enables the company to extend its seamless IP and optical fibre network and deepen its Asian footprint while enhancing its offering of broadband services. The completion of FNAL enables FLAG Telecom customers to connect seamlessly through one global network to the United States, Europe, the Middle East and Asia. "This licensing agreement enhances FLAG Telecom's competitive position in the Asian market", said Ed McCormack, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of FLAG Telecom. "Our global network enables top quality connectivity in not only routes like the Atlantic loop linking the U.S. to Europe, but also in the routes to other key destinations like the Middle East, Asia and the Asia Pacific." FNAL is an integral part of the FLAG Telecom global network, providing reinforcement to the traffic flows on the FLAG Europe Asia ("FEA (Finite Element Analysis) A mathematical technique for analyzing stress, which breaks down a physical structure into substructures called "finite elements." The finite elements and their interrelationships are converted into equation form and solved mathematically. ") cable in the Asia region. It is a high capacity six fiber pair redundant loop system, upgradeable using leading Dense Wave Division Multiplexing (spelling) wave division multiplexing - A common misnomer for wavelength division multiplexing. ("DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing ") technology. The loop allows FLAG Telecom to support the strong growth in intra-Asia Internet traffic and provide intra-regional, city-to-city connectivity between Hong Kong, Seoul, Tokyo and Taiwan, as well as on to the rest of the world. Today's licensing agreement adds Taipei to FLAG Telecom's on-net destinations with direct connectivity for Managed Bandwidth Services and eventually IP services. About FLAG Telecom FLAG Telecom is a leading global network services provider and independent carriers' carrier providing an innovative range of products and services to the international carrier community, ASPs and ISPs across an international network platform designed to support the next generation of IP over optical data networks. Recent news releases and further information are on FLAG Telecom's website at: www.flagtelecom.com. Forward-looking Statements Statements contained in this Press Release that are not historical facts may be "forward-looking" statements as the term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. To identify these forward-looking statements look for words like "believes", "expects", "may", "will", "should", "seeks", "intends", "plans", "projects", "estimates", or "anticipates" and similar words and phrases Words and Phrases® A multivolume set of law books published by West Group containing thousands of judicial definitions of words and phrases, arranged alphabetically, from 1658 to the present. . These, and all forward-looking statements, are based on current expectations and necessarily are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors which include, but are not limited to, our ability to achieve the objectives laid out in the Plan of Reorganization. More detailed information about these risks is contained in our Plan of Reorganization. We caution readers not to rely on forward-looking statements, and we disclaim any intent or obligation to update these forward-looking statements. |
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