360networks completes transatlantic fiber optic cable

March 29, 2001
Mar. 29, 2001--The transatlantic network segment was completed according to schedule and $80 million under the $850 million budget.

360networks announced it has completed the installation and lighting of all four segments of 360atlantic, an 11,700-kilometer (7,300-mile) undersea cable linking the United States, Canada, Ireland and the United Kingdom. The transatlantic network segment was completed according to schedule and $80 million under the $850 million budget.

"Starting in mid-April, we will be providing customers with seamless connectivity between New York, London and other key North American and European cities," said Greg Maffei, president and chief executive officer of 360networks.

360atlantic apparently is the first multi-terabit transatlantic system with a fully protected ring configuration to be ready for service. In addition, 360atlantic provides a direct connection between North America and Ireland, and among the first to support 10 gigabits per second of data on a single channel and offer total system capacity of 1.92 terabits per second.

360atlantic comprises four segments:

* 750-kilometer (450-mile) cable between Boston and Halifax

* 5,400-kilometer (3,400-mile) cable between Halifax and Dublin

* 5,300-kilometer (3,300-mile) cable between Halifax and Liverpool

* 250-kilometer (150-mile) cable between Dublin and Liverpool

About 360networks:

360networks (NASDAQ: TSIX and TSE: TSX) offers network services to telecommunications and data-centric organizations. For more information, visit www.360.net.

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