New World Network's ARCOS Cable Provides High-Speed Bandwidth Capacity to Costa Rica Via RACSA's Cable Landing Station.Business Editors/High-Tech Writers MIAMI--(BUSINESS WIRE)--April 1, 2002 Company is First to Provide Largest Available Bandwidth to Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. New World Network, principal owner of the Americas Region Caribbean Optical-ring System (ARCOS), the leading submarine broadband fiber-optic cable network fully interconnecting the Americas and the Caribbean, is celebrating the connectivity provided by ARCOS in Costa Rica. ICE (Instituto Costarricense de Electricidad Instituto Costarricense de Electricidad ICE is the national electricity monopoly in Costa Rica being the largest company in the country. Group of companies Sector Electricidad - ICE Is the electricity branch of Instituto Costarricense de Electricidad ICE ), the government owned power utility in Costa Rica will provide in-country backhaul through the cable landing station in Puerto Limon, Costa Rica. RACSA RACSA Radiográfica Costarricense, SA , a subsidiary of ICE will provide ARCOS solutions and specialized value-added services throughout the country. New World Network has a strategic relationship with ICE and RACSA, the Internet and data services provider in Costa Rica that provides network support, landing rights and interconnection to existing local networks. New World Network will transmit high-speed bandwidth capacity via its ARCOS cable network to Grupo ICE's cable landing station. ICE and RACSA are responsible for the development and operation of the National Telecommunications System, will then provide connectivity throughout the country and enable New World Network to integrate its service offerings into Costa Rica's existing 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. . "Our strategic relationship with Grupo ICE expands the reach and scope of our telecommunications network and allows us to offer seamless fiber-optic capacity to Costa Rica" said Matt Milstead, COO, New World Network. "This relationship allows us to offer a number of commercial opportunities through our reliable, fully redundant fiber-optic cable network. We are grateful for the support and leadership of ICE and RACSA for allowing us to provide these next-generation services to Costa Rica," added Milstead. Costa Rica is a vital and growing market with telephone penetration superior to 94%, and a density of 23 phone lines per every 100 habitants Habitants is the name used to refer to both the French settlers and the America-born inhabitants of French origin who farmed the land along the two shores of the St. Lawrence waterway in what is the present-day Province of Quebec in Canada. . New World Network's ARCOS cable is equipped with the latest technologies to support the country's growing networking needs. New World Network has already completed the construction of the ARCOS cable system to fulfill a need in the marketplace for an advanced, multi-terabit cable system. ARCOS currently connects 15 countries including the U.S., Bahamas, Turks and Caicos, Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. , Puerto Rico, Curacao, Venezuela, Colombia, Panama, Costa Rica, Nicaragua, Honduras, Guatemala, Belize, and Mexico. About New World Network New World Network is a carrier's carrier that provides advanced, high-speed bandwidth capacity to telecommunications companies and Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. . The company's Americas region Caribbean optical-ring system (ARCOS) is the leading undersea broadband fiber-optic cable network connecting the U.S., Mexico, Central America, South America and the Caribbean. The unique hybrid ownership structure of ARCOS is co-owned by 28 carriers throughout the region and led by New World Network, the majority owner with approximately 86.5% ownership. The company's financing was provided by Barclays Capital, Inc. and Bank of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad. Bank of Montreal/Banque de Montréal (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I). . The company's equity investors are Global Light Telecommunications (AMEX AMEX See: American Stock Exchange :GBT GBT Green Bank Telescope (Pocahontas County, West Virginia) GBT Gay/Bisexual/Transgender GBT Group on Basic Telecommunications GBT Ground-Based Transceiver GBT General Business Technology GBT Great Books Tutorial ) (49%), Siemens Project Ventures (19.6%), Barclays Investment Growth, Ltd. (3.9%) and the founding sponsors. Please visit http://www.nwncable.com for more information. About RACSA: http://www.racsa.co.cr About ICE: http://www.grupoice.com |
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