May 5, 2005 San Jose, Costa Rica -- At a signing ceremony today hosted by Costa Rica's Instituto Costarricense de Electricidad (ICE), the state-run entity responsible for that nation's telecommunications, and the national Internet service provider Radiografica Costarricense S.A. (RACSA), Global Crossing announced plans to extend its core network to Costa Rica.
Through the extension of the provider's Pan American Crossing (PAC) system, which runs along the west coast of Central America, at the Unqui cable landing point in Esterillos, Costa Rica will gain direct access to the provider's global IP network, which delivers services in more than 60 countries. The project requires additional governmental approval; construction is expected to be complete as early as fourth quarter 2007.
"This agreement is the culmination of an ongoing, cooperative effort between ICE, RACSA, and Global Crossing, and is a tremendous accomplishment for all involved," comments Jose Antonio Rios, Global Crossing's CAO. "We look forward to playing a key role in advancing Costa Rica's economic goal of becoming an ideal business partner."
As part of the cable landing agreement, Global Crossing also announced that it will donate an STM1 to the Costa Rican academic sector. Following a signing ceremony for the landing agreement, ICE and its Internet arm, RACSA, immediately announced that they will purchase 24 STM-1 Private Lines, the equivalent of 3.732 Gbit/sec of bandwidth, from Global Crossing. One STM-1 is equivalent to 155.52 Mbit/sec of bandwidth.
"Latin America continues to be an integral part of our global strategy, and we're building on our successes in this region by extending our core network to Costa Rica," comments John Legere, CEO of Global Crossing. "This agreement provides ICE/RACSA with a robust solution for worldwide connectivity from the Pacific coast, and enables the delivery of seamless, premier IP solutions to Costa Rican based businesses and end users."
"We are committed to providing quality telecommunications and IP services that will give Costa Rica's residents and business community the competitive edge we need in the world economy. As our strategic partner, Global Crossing will provide that edge via its state-of-the-art global network and advanced product portfolio," adds Pablo Cob, president of ICE. "We expect the direct national connection of Global Crossing's global network to enhance Costa Rica's position as a premier location for manufacturing facilities and contact centers of multinational corporations."