International FiberCom Inc. (Nasdaq:IFCI) announced that its Network Services Group has received the necessary permits under the California Environmental Quality Act (CEQA) to begin work on the construction phase of a design-build contract with Reston, VA-based Velocita (formerly PF.Net) for the engineering and installation of a fiber-optic network in California.
According to IFCI Chairman & CEO Joseph P. Kealy, all engineering, design and local permitting had been previously done by IFCI on the contract, which is in excess of $50 million and was first announced in December 1999.
"Securing the go-ahead under CEQA, which was part of the work contracted for by IFCI, means that construction on the project could start as early as 30 days; it is expected that the work will continue throughout the balance of 2001," Kealy said.
About International FiberCom:
International FiberCom is an end-to-end solutions provider for the telecommunications industry, offering engineering-based solutions designed to enable and enhance voice, data and video communications through fixed and wireless networks. The company designs, deploys and manages internal and external networks infrastructure for wireline, wireless and broadband telecommunications providers in the United States and the United Kingdom.
About Velocita:
Velocita Corp. is a global broadband provider serving communications carriers, Internet service providers and corporate and government customers. Founded in 1998 as facilities-based provider of fiber-optic communications infrastructure, Velocita is joining with AT&T, to construct a nationwide network. For more information, visit www.velocita.com.