GLOBAL ONE SIGNS 60 MULTINATIONALS FOR ITS MPLS-BASED IP VPN SERVICE
Global One has signed over 60 multinational companies in the US, Europe, South America, and Asia for its MPLS-based IP VPN Service.  By placing MPLS-enabled service routers closer to a customer's location, Global One optimizes the routing for greater any-to-any connectivity control between cities on the network, flexibility and improved performance.  Global One recently enhanced the service’s VoIP capabilities and now permits optimized VoIP "distance-free" off-net calling to over 220 countries and territories.  Global IP VPN is now available in almost 40 countries with native MPLS access.  Global IP VPN is also available in almost 80 countries with Frame Relay access, and virtually worldwide with integrated, secure IPSec tunneling over the Internet.  Some of the customers include The European Commission/Testa, Renault Spain, AMA (Agrupacion Mutual Aseguradora), Anglo American PLC, Ariane II, Balzers AG, Elekta, Ficosa, Grupo Expo, John Swire & Sons, Kingfisher PLC, K-Line, Sinochem, and Space Cargo.  http://www.global-one.net/
Global One, May 3, 2001

• In January 2000, France Telecom became the sole owner of Global One by acquiring Sprint and Deutsche Telekom’s stakes in the company for a total equity value of $3.9 billion.  At the time, Global One operated a worldwide ATM-based network reaching more than 800 cities in over 40 countries.  It had 1999 revenues of $1.1 billion.

• In November 2000, France Telecom and Amsterdam-based Equant announced an agreement to merge Equant and Global One.  Under the deal Equant will acquire Global One from France Telecom in exchange for newly issued Equant shares.  In addition, France Telecom will acquire the SITA Foundation's interest in Equant using existing France Telecom shares.  SITA was formed by major airlines from around the world to provide communications and data processing services to the air transport industry.  Equant / Global One will gain full control of the SITA / Equant network.  In March, the European Commission and the US Department of Justice approved the proposed combination of Equant and France Telecom/Global One, with no restrictions.  The deal is expected to close in the middle of the year.

TELSEON LAUNCHES METRO WAVE SERVICE FOR CARRIERS AND ISPS, SIGNS DYNERGY
Telseon launched a Metro Wave Service offering high-capacity protocol independent connectivity for other carriers and ISPs.  The service provides 2.5 Gbps or 10 Gbps connectivity between two network locations within a given metropolitan market.  Telseon said carriers and service providers could use the service to enhance their existing SONET investments, to augment existing infrastructure with additional bandwidth and to bypass ILEC connections between network locations within a metro region.  Telseon is also promising service availability in days or weeks, not months or years.  The service will be rolled out in Atlanta, Chicago, Dallas, Denver, Los Angeles, Miami, New York, San Francisco, Seattle, and the Washington DC area starting next month.  In addition, Telseon has entered a long-term network service agreement with Dynergy, which will use Telseon’s footprint to expand its ability to service its customers in 18 metropolitan markets and 85 network locations.  Financial terms were not disclosed.  http://www.telseon.com
Telseon, May 3, 2001

• In February, Telseon secured $100 million in new equity investments to fund the rollout of its metropolitan Ethernet service.  In addition, the company has arranged for $75 million in capital lease financing, bringing its total funding to date to $261 million in capital.

• In January, Telseon and 360networks announced an alliance under which 360networks will have access to Telseon’s optical Ethernet services in metropolitan areas, enabling 360networks to extend its IP transit, IP transport and backbone services to its customers co-located in points of presence (POPs) on the Telseon network.  360networks was named as a preferred provider of dark fiber and long-haul capacity. Telseon has also announced a similar agreement with Level 3.

• Telseon’s additional partnerships include Epoch Internet, Everest Broadband, Incyte Genomics, Level 3, Riverstone and StorageLink.

• Last August, Telseon announced an agreement to lease dark fiber from Metromedia Fiber Network in key US cities.

• Dynergy, a leading provider of energy in North America and Europe, is building a nationwide, optical mesh network across the US that consists of approximately 20,000 route miles of fiber and more than 40 POPs.  Dynergy has deployed Fujitsu Network Communications’ FLASHWAVE OADX DWDM, which offers up to 1.76 Tbps capacity in up to 88 wavelengths.  So far, the company has announced wholesale bandwidth services.

SANRISE ATTRACTS $115 MILLION FOR MANAGED STORAGE SERVICES
Sanrise, a start-up provider of managed storage services, attracted $115 million in its Series B funding round, bringing total financing to $203 million since the company’s inception in May 2000.  The new funds will be used for the continued build-out of Sanrise's global fiber optic data storage network infrastructure, expansion of its global operations and further offshore development initiatives.  The company currently claims 600 customers.  Investors include ACON Venture Partners, Comdisco Ventures, Crosspoint Venture Partners, Exodus, GATX Ventures, Global Innovation Partners, Greenbridge Partners, The Greenspun Corporation, Hitachi Data Systems, Hitachi Ltd, Lighthouse Capital Partners, Morgan Keegan, Morgan Stanley Dean Witter Equity Funding, Oasis Ventures and VERITAS Software. http://www.sanrise.com/news_events/press_release.jsp?rn=2001050200
Sanrise, May 3, 2001

• In January, Sanrise acquired Exodus Communications’ tape back-up and restore service business.

• Sanrise uses Brocade Communications’ storage area networking products in its network.  It has also named Brocade’s Fibre Channel SilkWorm fabric switches as the preferred storage area network connectivity solution for its storagetone suite of data storage services.

• Sanrise is led by David Schneider, who formerly was the CIO of AT&T Growth Markets, an $8 billion concern.

VERIZON REPACKAGES ITS RESIDENTIAL DSL SERVICE
Verizon Online enhanced its premium residential DSL service ($49 per month) with higher speeds of 768Kbps downstream and 128Kbps upstream, more Web storage (10 MB), more mail boxes (4) and a free PC camera.  Verizon will continue to offer a $39.95 DSL plan, but new customers will have to pay a $200 set-up fee.  For $59.95 per month, Verizon will provide up to 1.5Mbps downstream and 128Kbps upstream; a $69.95 telecommuter package will provide 384Kbps/384Kbps service; and for $79.95 customers can get up to 1.5Mbps/384Kbps maximum connection speeds.

For small and medium-sized business, Verizon is now offering six options throughout most of the mid-Atlantic and Northeast states that comprise the former Bell Atlantic markets, and five options in those markets that comprise the former GTE territories.  The dynamic IP DSL services offer maximum connection speeds ranging from 768Kbps/128/Kbps to 7.1 Mbps/768Kbps.  Verizon’s static IP DSL service ranges from 768Kbps/128Kbps maximum connection speeds to a symmetrical 768Kbps/768Kbps.  The packages range in price from $59.95 per month to $204.95 per month.  http://www.verizon.com/dsl/
Verizon, May 3, 2001

Verizon DSL Subscribers
31-Mar-01	720,000
31-Dec-00	540,000
30-Sep-00	350,000
30-June-00	220,000
31-Mar-00	148,000
31-Dec-99	87,000

VENDORS FORM INITIATIVE FOR 10 GIGABIT PLUGGABLE FIBER-OPTIC TRANSCEIVERS
A group of sixteen optical component vendors announced a multi-source agreement (MSA) for next-generation 10 Gigabit Pluggable (XGP) fiber-optic transceivers that are being designed to make it easier to configure optical systems and to pack more ports on a line card.  The XGP covers five 10-gigabit transceiver types, including 850 nanometers (nm) serial, 850nm coarse wavelength division multiplexing (CWDM), 1310nm serial, 1310nm CWDM and 1550nm serial.  The solution would be approximately the same as a standard GBIC.  XGP components would include a front-panel mounted transceiver, a card edge mating connector, the electrical pin-outs and mechanical dimensioning.  The XGP group plans to leverage much of the work that was done by last year's Small Form factor Pluggable (SFP) MSA and are targeting a finished design by June of 2001 so that products might ship this year.  Members of the group include Blaze Network Products, E2O Communications, Finisar, Ignis Optics, Infineon Technologies, Intel, Molex Incorporated, Optical Communication Products, Picolight, Samsung, Sigma-Links (a joint venture of Fujikura and OKI) and Tyco Electronics.  http://www.xgpmsa.org
XGP, May 3, 2001

OPTICAL SOLUTIONS SIGNS DEVELOPER FOR FIBER-TO-THE-HOME
Optical Solutions Inc. signed a Minnesota developer for deploying its fiber-to-the-home (FTTH) architecture in a new community of 1,200 houses near Minneapolis. The network initially will provide up to four lines of telephone service, 80 cable television channels and Internet access at up to 10Mbps.  The service will be upgradeable to 100Mbps of data capacity, 200 digital and analog television channels, pay-per-view options and "smart home" services.  http://www.opticalsolutions.com
Optical Solutions, May 3, 2001

• Optical Solutions’ FiberPath product line includes a headend bay that can be co-located with a class 5 switch or interconnected through a GR-303 interface, a passive optical network (PON) system to "split" the fiber from the central switching office to the home, and a customer premise node.

COLUBRIS OPTIMIZES WIRELESS LANS FOR PUBLIC ACCESS
Colubris Networks, a start-up based in Laval, Quebec, introduced a wireless LAN router designed specifically for ISPs wishing to deploy public area access solutions, such as Internet Cafés or scaling up to entire airports or conference centers.  Colubris provides a number of security and management features not commonly found in other wireless access points, including RADIUS-based authentication, authorization and accounting.  Pricing starts at US$2,195.  http://www.colubris.com/
Colubris Networks, May 3, 2001

ERICSSON VETERANS FORM REDDO NETWORKS, TARGET LAYER 7 EDGE SWITCHING
Reddo Networks, a start-up based in Stockholm, Sweden, plans to develop and supply IP products for tomorrow's “layer 7 edge switching systems”.  The switch is being designed to facilitate delivery of value-adding broadband content and services.  The new company is initially funded by Slottsbacken and Teknoinvest.  http://www.reddo.net
Reddo Networks, May 3, 2001

• Reddo Networks is headed by Jan Berglund, formerly Director Product Technology Strategy IP Telephony at Ericsson.  Johan Svedberg, Vice President Engineering, has been Chief Architect IP Telephony at Ericsson.  Erland Lonaeus, Vice President Marketing & Sales, has held various senior positions at Ericsson.

GENUITY TRIMS CAPITAL EXPENDITURE PLANS FROM $2.2 BILLION TO $1.4 BILLION
Genuity reported Q1 revenue of $299 million, up 21% over last year, but down from $313 million in Q4 2000.  Net loss for the quarter was $292 million or $0.30 per share.  The company highlighted year to year revenue increases in its major service lines, including 53% growth in Hosting and Value-Added Services.  DSL revenues in the quarter were $31 million and the company now has 324,800 subscribers, a 41% increase over Q4.  However, Genuity noted slower new order growth, which it attributed to the current economic climate, and a delayed purchasing cycle by enterprise customers.  As a result, Genuity will layoff approximately 12% of its staff and reduce its capital spending for the year to $1.4 billion, as compared to its previous guidance of $2.2 billion.  Verizon has agreed to provide credit support for Genuity to raise up to $2 billion in new long-term capital.  Genuity currently has $4.75 billion of funding sources available.  http://www.genuity.com/announcements/news/press_release_20010503-01.xml
Genuity, May 3, 2001