1. NYT: Researchers Stop, Hold and Release Light Beams
2. Ericsson to Supply $300 Million in Fiber Cable to Aerie Networks
3. Cable & Wireless Awards $100 Million Network Capacity Deal to Qwest
4. Hitachi's OpNext Spin-off Names Harry Bosco as CEO
5. AT&T Broadband Selects Convergys for Outsourced Billing
6. GTS Broadband Services Renames Itself "Ebone"
7. Viatel Exits Consumer Voice Services, Focuses on Enterprise and Broadband Services
8. Nortel Networks Reports Q4 Revenue of $8.8 billion, up 34%

NYT: RESEARCHERS STOP, HOLD AND RELEASE LIGHT BEAMS
The New York Times reported that two independent teams of physicists have slowed a light beam to a complete stop and then released it, as if it were a material particle.  Potential applications of the breakthrough could include quantum computing and quantum communication.  The research was conducted by a team at Harvard University and the Rowland Institute for Science in Cambridge, Mass., as well as by a second team at the Harvard-Smithsonian Center for Astrophysics, also in Cambridge.
http://www.nytimes.com/2001/01/18/science/18LIGH.html (site registration required)
The New York Times, January 18, 2001

ERICSSON TO SUPPLY $300 MILLION IN FIBER CABLE TO AERIE NETWORKS
Ericsson was awarded a three-year, $300 million contract to supply fiber optic cable to Aerie Networks, which intends to build the largest long-haul network in the US.  Ericsson will provide a customized 432 fiber count cable, as well as other network materials.  http://www.ericsson.com/press/20010118-0012.html
Ericsson, January 18, 2001

  • In November, Aerie Networks selected Nortel Networks to supply US$1billion of optical networking equipment over four years.  The contract covers Nortel's OPTera Long Haul, and OPTera Connect DX and OPTera Connect HDX Connection Managers for multi-terabit managed networks.
  • Aeerie has already secured access to 14,958 miles of rights of way across the continental US from 12 energy pipeline and communications companies.  Its network architecture calls for 432-fiber count cable to be installed throughout its planned long-haul routes.  Construction is already underway on routes between Chicago and St. Louis, St. Louis and Kansas City, Kansas City and Dallas, and Dallas and Houston. Network completion is slated for early 2004.
  • Aeerie investors include BP Amoco, Buckeye Partners, CMS Energy, Explorer Pipeline, Kinder Morgan, Marathon Ashland Pipe Line, National Fuel Gas, Plantation Pipe Line, PG&E, Sempra, Sun Pipe Line and TEPPCO, among others.  Aeerie is based in Denver, Colorado and led by Peter Geddis (CEO), formerly COO of Qwest.
  • Last June, Aeerie also agreed to purchase 8.9 million miles (14.24 million kms) of Corning's LEAF fiber.  That deal was also valued in excess of $1 billion over four years.

CABLE & WIRELESS AWARDS $100 MILLION NETWORK CAPACITY DEAL TO QWEST
Cable & Wireless awarded a multiyear, network capacity contract valued at more than $100 million to Qwest Communications.  The deal covers capacity across Qwest's US fiber backbone and builds on $90 million in network capacity already purchased by Cable & Wireless last year.  http://www.qwest.com
Qwest, January 18, 2001

HITACHI'S OPNEXT SPIN-OFF NAMES HARRY BOSCO AS CEO
OpNext, Hitachi's optical component spin-off, named Harry Bosco as its new President and CEO.  Bosco most recently was Special Venture Partner at Clarity Partners, and previously served as Group President of Optical Networking at Lucent Technologies.  OpNext also named Dr. Minoru Maeda as Chief Operating Officer.  Dr. Maeda most recently was Vice President/General Manager of Hitachi's Fiberoptic System and Component Business of Telecom.  http://www.opnext.com/ 
OpNext, January 18, 2001

  • In September, Hitachi transferred its fiber optic components business unit into OpNext, a new company that is a joint venture with Clarity Partners and Marubeni Group.  The Clarity and Marubeni agreed to invest up to $450 million in OpNext. 
  • Hitachi's existing product line includes laser diode modules for OC-48/STM-16s and OC-192/STM-64s, transmitters and receivers for both OC-48/STM-16s and OC-192/STM-64s.  Customers include most major telecom equipment suppliers. 

AT&T BROADBAND SELECTS CONVERGYS FOR OUTSOURCED BILLING
AT&T Broadband awarded a seven-year contract to Convergys Corporation for outsourced billing for residential phone customers.  Convergys will provide telephony billing and customer care for AT&T Broadband's commercial business customers under a separate five-year contract.  http://www.convergys.com/index.html
Convergys, January 18, 2001

GTS BROADBAND SERVICES RENAMES ITSELF "EBONE"
Global TeleSystems renamed its main business from GTS Broadband Services to "Ebone," reflecting the existing name of its pan-European IP backbone. The renaming encompasses the company's 20,000 fiber network as well as its carrier and ISP services.  Ebone was originally founded in Copenhagen in 1991 as Europe's first Tier 1 IP backbone, and subsequently was acquired by GTS in 1998.  http://www.ebone.com/
GTS, January 18, 2001

  • In November, GTS announced a corporate restructuring to focus on broadband and data services over its European fiber network.  The company said its main focus will be to provide carriers, ISPs, ASPs and Web-centric customers with managed bandwidth and data products, including IP VPNs, dedicated hosting, high-capacity direct Internet access, and streaming media services.
  • In December, Global TeleSystems (Europe) Ltd., a wholly owned subsidiary of Global TeleSystems, Inc. (GTS), announced that it would not pay $12 million in scheduled cash interest payments due December 15, 2000 on senior notes due in 2008.  

VIATEL EXITS CONSUMER VOICE SERVICES, FOCUSES ON ENTERPRISE AND BROADBAND SERVICES
Viatel, which is building a pan-European communications network, announced a plan to conclude its provision of consumer voice services in countries that do not meet its long term interests, and to focus on higher-margin corporate and broadband business segments.  The restructuring also includes consolidating several business units and a 30% reduction in staff.   http://www.viatel.com 
Viatel, January 18, 2001

NORTEL NETWORKS REPORTS Q4 REVENUE OF $8.8 BILLION, UP 34%
Nortel Networks posted Q4 revenues of US$8.82 billion, up 34% over the same period last year.  Net earnings were US$825 million, or US$0.26 per share, prior to one-time charges.  Looking forward to 2001, Nortel Networks projected a 30% growth in revenues and earnings per share, maintaining its earlier forecasts despite the current economic uncertainty.  http://www.nortelnetworks.com/corporate/news/newsreleases/2001a/01_18_0101139_q4_earnings.html
Nortel Networks, January 18, 2001

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