New World Network Completes Multi-Million Dollar Network Upgrade; Columbus Communications' Investment Doubles Network Capacity, Allows New Services.

MIAMI -- New World Network, the principal owner of the Americas Region Caribbean Optical-ring System (ARCOS), today announced it has successfully completed a multi-million dollar network expansion. The expansion more than doubles bandwidth capacity and sets the stage for both significant growth in network data traffic and the introduction of new service features and enhancements.

It is the single largest network upgrade and expansion since the ARCOS network was commissioned in December, 2001.

The expansion involved the installation of advanced electronic equipment at 24 ARCOS landing sites representing 14 countries throughout its service region. This new equipment will provide ARCOS owners, and their many customers with much needed additional bandwidth, delivered using traditional Synchronous Digital Hierarchy (SDH) and new Packet based (IP) standards.

Columbus Communications, which acquired New World Network last September, funded the network expansion to accommodate its customers' demand for increased broadband capacity.

"This expansion is a solid indicator of the growth potential in the Caribbean and Latin America region and Columbus Communications' commitment to invest for the future," said Paul W. Scott, president and chief operating officer of New World Network. "It reinforces New World Network's position as the carrier of choice for other communications companies."

Existing carrier customers have already ordered additional capacity in anticipation of robust growth in their markets.

Continued Mr. Scott, "Increased bandwidth provides end-users a richer and more favorable experience, which in turn drives even more demand and new growth; it is a virtual cycle," Scott said. "Going forward, we will be ready to accommodate our customers' growth and bandwidth requirements for new services."

About New World Network

New World Network is principally owned by Columbus Communications Inc., based in Bridgetown, Barbados. New World Network is a wholesale services provider that offers advanced, high-speed bandwidth capacity to telecommunications companies and Internet Service Providers. With more than 10,000 kilometers of undersea fiber optic network, the company's Americas Region Caribbean Optical-ring System (ARCOS), combined with Columbus affiliate company subsea networks in Bahamas and Jamaica, are the leading undersea broadband fiber-optic cable networks connecting the U.S., Mexico, Central America, South America and the Caribbean. New World Network's Website is http://www.nwncable.com. Telephone: [phone].