TRICOM Acquires Capacity On the Global Crossing Network.Business Editors, High-Tech Writers SANTO DOMINGO, Dominican Republic--(BUSINESS WIRE)--July 20, 2000 TRICOM TRICOM Transportation Research Implementation Consortium for Operations and Management (NYSE NYSE See: New York Stock Exchange :TDR TDR - time domain reflectometer ) announced today that it has acquired capacity on Global Crossing Ltd.'s (Nasdaq:GBLX GBLX Global Crossing Ltd. (stock symbol) ) Mid-Atlantic Crossing (MAC) fiber optic submarine cable system, connecting the eastern United States and the Caribbean. This announcement is TRICOM's latest step in delivering on its strategy to increase and leverage its strategic asset base to expand into selected Central American and Caribbean markets. Mid-Atlantic Crossing (MAC) is a two-fiber-pair system linking the eastern United States and the Caribbean. The system is scheduled to be in service by the third quarter of 2000 and has a total length of approximately 7,500 km. MAC will use advanced wavelength division multiplexing See WDM. (communications) wavelength division multiplexing - (WDM) Multiplexing several Optical Carrier n signals on a single optical fibre by using different wavelengths (colours) of laser light to carry different signals. technology to provide 20 Gbps of initial capacity and will be fully integrated with the entire Global Crossing network. Landing points for MAC include: Brookhaven, New York
The Town of Brookhaven is located in central Suffolk County, New York, USA, and stretches from the North Shore to the South Shore of Long Island. , providing connectivity to Europe; Hollywood, Florida, providing connectivity to Central and South America, Mexico and California; and St. Croix, U.S. Virgin Islands, providing access to major cities in South America Countries
"This investment reflects TRICOM's commitment to continue expanding and enhancing its state-of-the-art telecommunications network throughout the region," said Arturo Pellerano, Chairman 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 TRICOM. "From the initial years of our operations, we have secured ownership in a large number of systems that connect our operations in the U.S. with every viable regional market we have targeted. By acquiring interests in diverse submarine fiber optic cable Noun 1. fiber optic cable - a cable made of optical fibers that can transmit large amounts of information at the speed of light fibre optic cable transmission line, cable, line - a conductor for transmitting electrical or optical signals or electric power systems, we have established a footprint within highly attractive markets in Central America and the Caribbean which we intend to take advantage of." TRICOM's latest submarine fiber optic cable investment marks a mayor milestone in the Company's regional expansion initiatives. The added capacity completes TRICOM's U.S. Eastern seaboard network and will enable the Company to accelerate its plans to establish a PoP (point-of-presence) in South Florida, scheduled to come online in the fourth quarter of 2000. "We are very pleased that TRICOM chose Global Crossing to help meet its growing traffic and data requirements," said Leo Hindery, Jr. CEO of Global Crossing. "The Mid-Atlantic Crossing marks an important expansion of Global Crossing's capabilities and will bring technologically superior network services and connectivity to major U.S. cities to the fast growing economies of the Caribbean." TRICOM participates in all major cable systems in the Caribbean Basin, and the Company plans to broaden its international connectivity with Europe and Asia. These submarine cables include Americas-I, Columbus-II, TAINO CARIB, and Antilles-I, providing direct connectivity to the U.S., Central America, the Caribbean, and Europe. The Company also owns interests in the Maya-I, Columbus-III, and Americas-II cable systems, as well as Arcos-I, currently under construction. TRICOM intends to leverage these strategic undersea investments, particularly the newest multimedia fiber optic transmission systems, to provide high-speed voice, data, video, and Internet access throughout the region. About Global Crossing Global Crossing Ltd. (Nasdaq:GBLX) is building and offering services over the world's most extensive global IP-based fiber optic network, which will have more than 101,000 route miles, serving five continents, 27 countries and more than 200 major cities. Global Crossing's subsidiary, GlobalCenter Inc., is a leading Internet service company, and its customers own many of the largest and most densely trafficked sites on the Web. Asia Global Crossing, a joint venture among Global Crossing, Microsoft Corporation (Nasdaq:MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ) and Softbank Corp. (Tokyo Stock Exchange Tokyo Stock Exchange Main stock market of Japan, located in Tokyo. It opened in 1878 to provide a market for the trading of government bonds newly issued to former samurai. : 9984), is building the first pan-Asian broadband IP network to provide broadband and Internet services to the Asia-Pacific region. Global Crossing's operations are headquartered in Hamilton, Bermuda, with principal offices in Los Angeles, California; London, England; Amsterdam, The Netherlands; Morristown, New Jersey Morristown is a town in Morris County, New Jersey, United States. As of the United States 2000 Census, the town population was 18,544. Its estimated population in 2004 was 18,842. It is the county seat of Morris CountyGR6. ; Rochester, New York This article is about the city of Rochester in Monroe County. For the town in Ulster County, see Rochester, Ulster County, New York. Rochester, once known as The Flour City, and more recently as The Flower City or ; Sunnyvale, California; and Miami, Florida. Visit Global Crossing at www.globalcrossing.com on the Web. About TRICOM TRICOM (www.tricom.net) is a leading integrated communications service provider A Communications Service Provider or CSP is a company that transports information electronically. The term encompasses public and private companies in the wireline, wireless, Internet, cable, satellite, and managed services businesses. in the Dominican Republic. Through the only completely digital local access network in the Dominican Republic, a cellular and PCS network covering 80% of the population and our submarine fiber optic cable systems, we offer local, long distance, mobile, Internet and broadband data transmission services. Through our subsidiary, TRICOM USA, Inc., we own switching facilities in New York and are one of the few Latin American long distance carriers licensed in the United States. With substantial investments in submarine fiber optic cables providing us with the capability to do end to end transmission of voice and data, we are positioned to take advantage of opportunities to expand into highly attractive markets in Central America and the Caribbean. This statement may contain certain forward-looking statements, which may involve known and unknown risks, uncertainties, and other factors not under the Company's control, which may cause actual results, performance and achievements of the Company to be materially different from the results, performance, or expectations of the Company. These factors include, but are not limited to those detailed in the Company's periodic filings with the Securities and Exchange Commission. |
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