Bracknell Corporation (NASDAQ: BRKC; TSE: BRK) announced that its wholly owned subsidiary, Adesta Communications Inc., a developer of fiber optic-based communication networks, has signed a telecommunications business agreement with the state of Utah.
Under the terms of the agreement, Adesta will design and build a 262-mile network using Utah's interstate and highway rights-of-way. This multi-duct system will link Internet and telecommunication services between Denver, Salt Lake City, and the West Coast. The network will be comprised of between 8 and 21 ducts, depending on the area, and is valued at an estimated $70 million. 360networks is partnering with Adesta to develop the project, which is scheduled for completion in January 2002. Adesta and 360networks will split the construction costs, joint market the excess capacity, and share the duct and dark fiber lease revenue.
Utah will receive in-kind compensation for Adesta's use of the rights-of-way owned by the state along the intended route. Utah will also receive duct and fiber to support an internal network connecting the state's educational network, state government, and the Utah Department of Transportation's (UDOT) traffic operations center. Residents and businesses will benefit from additional telecommunications providers offering competitive pricing and services. The system in Utah will support the state's telecommunications growth and future capacity needs.
The Utah project is an extension of a fiber optic network system Adesta is currently building in Colorado. Construction is underway on a 1,200-mile network being built along Colorado Department of Transportation (CDOT) rights-of-way. The system runs west along I-70 from the Kansas state line to Salt Lake City and south on I-25 from the Wyoming border to the New Mexico border. The network allows the state to install an Intelligent Transportation System, including variable message signs, weather scan systems, and automated traveler information systems, improving safety and reliability for travelers. The system will also provide businesses with access to video teleconferencing, high-speed data communications and high quality voice transmission. Most importantly the project is being built through a public-private partnership. No tax dollars are being used. The estimated value of the Colorado project is over $100 million.
About Adesta Communications:
Adesta Communications develops, designs and integrates intelligent infrastructure solutions for advanced communications applications. The Company provides systems integration and innovative development for facilities-based communications projects. For more information, visit www.adestacommunications.com.