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SIMPLEX TO RECEIVE $500 MILLION AWARD FOR UNDERSEA CABLE FROM AT&T

 EXETER, N.H., Jan. 4 /PRNewswire/ -- Tyco Laboratories, Inc. (NYSE: TYC) announced today that its Simplex Wire & Cable unit has concluded negotiations with AT&T Submarine Systems, Inc. for the supply of undersea fiber optic cable. Upon final approval this agreement will be the largest award in Simplex' history. Delivery is scheduled over 3 years with an additional 2 year AT&T option resulting in a value of up to $500 million. This represents a continuation of the partnership between AT&T and Simplex for the development and manufacture of undersea fiber optic cable systems, and will expand Simplex' world leadership position in the manufacture of submarine cable. This award will include the TAT-11 project which is scheduled for deployment in 1993.
 These cables, along with those already manufactured by Simplex, and installed by AT&T Submarine Systems, will amount to over 125,000 kilometers of Simplex fiber optic cables -- enough to span the globe three times.
 Tyco is a worldwide manufacturer of fire protection systems, flow control products, electrical and electronic components and packaging materials.
 -0- 1/4/93
 /CONTACT: Irving Gutin of Tyco Laboratories, 603-778-9700/
 (TYC)


CO: Tyco Laboratories ST: New Hampshire IN: SU: CON

TM -- NE011 -- 1369 01/04/93 14:32 EST
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Publication:PR Newswire
Date:Jan 4, 1993
Words:206
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