Fiber Optek seeks partner for redundant fiber optic telecom network

Sept. 27, 2001--Fiber Optek, a developer and installer of fiber optic telecommunication networks in the Northeast, announced it has initiated a program to correct the lack of diversity in fiber optic cable networks, particularly those in the northeastern United States.

Fiber Optek, a developer and installer of fiber optic telecommunication networks in the Northeast, announced it has initiated a program to correct the lack of diversity in fiber optic cable networks, particularly those in the northeastern United States.

"The September 11 attacks on America brought to light just how concentrated and vulnerable today's telecom infrastructure is to damage and disruption," said Michael S. Pascazi, president of Fiber Optek. Most of the major telecommunications carriers have their cables running under the same streets, in the same conduits or into the same buildings, he explained. "This is no longer acceptable and is potentially detrimental to the nation's security."

Fiber Optek, together with its affiliate, Global Lightwave, which holds strategic rights of way in the Northeast, plans to construct the nation's first redundant cable infrastructure, from design through implementation.

Fiber Optek is seeking to raise $250 million and/or partner with an existing or new carrier to carry out this program.

About Fiber Optek:

Fiber Optek designs and implements fiber optic cable networks throughout the United States. For more information, visit www.fiberoptek.com.

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