Terawave receives third-round investment of $73 million

Terawave Communications, a provider of optical access solutions, announced it has raised an additional $73 million in strategic financing. This current round brings the company's total funding to more than $133 million, making Terawave the highest-financed optical access network equipment start-up.

Terawave Communications, a provider of optical access solutions, announced it has raised an additional $73 million in strategic financing. This current round brings the company's total funding to more than $133 million, making Terawave the highest-financed optical access network equipment start-up. The company's third round of financing includes current investors, as well as new investors ABB Inc.; EDB Investments; KTB Network; Presidio Venture Partners; Samsung America Inc.; Samsung Corporation; Shaw Ventures Inc.

The Internet has fueled a high demand for bandwidth to transport voice, video and data communications. Copper phone lines, the way most information travels today, can barely support this increased need. Fiber optics is recognized as the most promising, future-proof technology to replace copper. Industry analysts estimate the optical access market will reach multi-billion levels by 2004.

Terawave provides equipment that facilitates the transportation of voice, video and data between the Central Office and small/medium size businesses via fiber optics. Terawave's optical access solution, delivered on a single fiber, utilizes Passive Optical Networking (PON) and Dense Wave Division Multiplexing (DWDM) technology. Tthe Terawave system is protocol agnostic and provides increased port density (5x) and Dynamic Bandwidth Allocation (DBA) offering service providers up to a twenty-fold increase in revenue. Additionally, Terawave has the only PON solution operating symmetrically at 622 megabits per second (mbps).

About Terawave Communications, Inc.:

Founded in December 1998, Terawave Communications develops optical access solutions utilizing Passive Optical Network (PON) technology designed to enable service providers to cost-effectively deliver optical services.

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