FLAG Telecom Sees 500% Surge in Orders for TransB-Atlantic Wavelength Capacity
LONDON, September 14 /PRNewswire/ -- FLAG Telecom, a leading provider of network transport and communication services, today confirmed that orders for wavelength capacity on its trans-Atlantic optical fibre submarine cable has increased by more than 500 per cent quarter on quarter in the first half of 2005. So far this year FLAG has signed major contracts for additional capacity with six international carriers and one global Internet content provider. Chris Wood, FLAG's VP Marketing, said: "Volume growth has been driven by the increased use of broadband services by businesses and by the deployment of ever faster delivery speeds of 2Mbits/s and beyond to the home. Our success in the marketplace stems from the design and deployment of a world-class optical fibre network that has demonstrated service quality and performance benefits over other competitive systems. This, coupled with close control of costs and pricing, has enabled us to offer highly cost-effective solutions to our customers and to cement long-term mutually-beneficial relationships with them." He added, "Over the past seven years capacity demand has increased more than 60-fold as services have moved from voice and low-speed data to high-speed broadband. Carriers have also been looking to replace capacity on older submarine cable systems with capacity on the latest generation of optical fibre cables such as ours, FLAG Atlantic-1 (FA-1). This may not yet be the market upturn many have been forecasting but it is an encouraging migration to quality." FLAG Telecom owns and manages an extensive optical fibre network spanning four continents and connecting key business markets in Asia, Europe, the Middle East and the US. It also owns and operates a low latency global MPLS based IP network, which connects most of the world's principal international Internet exchanges. FLAG's customer base of more than 180 leading operators includes all of the top ten international carriers. FLAG proactively monitors network performance levels to deliver industry-leading SLAs and immediately switches customer traffic onto diverse paths in the event of any network problem or failure. Restoration of protected services is consistently achieved faster than on competitive systems, particularly where FLAG also owns and staffs the cable landing stations, as is the case with FA-1. FLAG's cable network spans the globe and the company has an acknowledged reputation for a centralised end to end network management underpinned by exceptional quality and service support. About FLAG Telecom FLAG Telecom, a Reliance Infocomm company, has an established customer base of more than 180 leading operators, including all of the top ten international carriers. FLAG owns and manages an extensive optical fibre network spanning four continents and connecting key business markets in Asia, Europe, the Middle East and the USA. FLAG also owns and operates a low latency global MPLS based IP network, which connects most of the world's principal international Internet exchanges. FLAG offers a focused range of global products, including global bandwidth, IP, Internet, Ethernet and Co-location services. In the first international acquisition by the Reliance Group, FLAG Telecom became a Reliance Infocomm company on 12 January 2004. Recent news releases and further information are on FLAG Telecom's website at: www.flagtelecom.com. About Reliance Infocomm Reliance Infocomm Ltd., an Anil Dhirubhai Ambani Enterprises group company, is India's largest private information and communications services provider, with a subscriber base of over 12 million. Reliance Infocomm has established a pan-India, high-capacity, integrated (wireless and wireline), convergent (voice, data and video) digital network, to offer services spanning the entire Infocomm value chain. The Anil Dhirubhai Ambani Enterprises group, is a member of the Reliance Group, founded by Shri Dhirubhai H. Ambani (1932-2002). www.relianceinfo.com Forward-looking Statements Statements contained in this Press Release that are not historical facts may be "forward-looking" statements as the term is defined in the Private Securities Litigation Reform Act of 1995. To identify these forward-looking statements look for words like "believes", "expects", "may", "will", "should", "seeks", "intends", "plans", "projects", "estimates", or "anticipates" and similar words and phrases. These, and all forward-looking statements, are based on current expectations and necessarily are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors which include, but are not limited to, our ability to achieve our objectives, to maintain the quality and reliability of our network and to guarantee that FALCON will enter service within the expected time frame and whether it will achieve its stated objectives. We caution readers not to rely on forward-looking statements, and we disclaim any intent or obligation to update these forward-looking statements.
SOURCE FLAG Telecom
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