360networks opens $30 million undersea cable landing station in Rio de Janeiro

Apr 25, 2001, 01:00 ET from 360networks inc.

    VANCOUVER and RIO DE JANEIRO, April 25 /PRNewswire/ - 360networks
 unveiled today a US $30 million cable landing station in Rio de Janeiro,
 Brazil that will serve as a major access point to the company's global fiber
 optic network.
     The new station links Rio de Janeiro with North America via 360americas,
 an undersea and terrestrial network that currently provides direct
 connectivity between the United States, Brazil, Venezuela and Bermuda.
 360americas will span 29,000 kilometers (18,000 miles) and offer total system
 capacity of 1.36 terabits per second.
     Located in the municipal district of Vargem Pequena, the 15,000-square
 foot landing station houses network switching and optical equipment, office
 space and electrical generators. It also features secure space where customers
 such as telecommunications companies and data-centric organizations can
 connect their regional networks and applications to 360networks' global
 network.
     "Rio de Janeiro will serve as the main gateway for international data
 traffic between South America and North America," said Scott Lyons, vice-
 president of submarine systems at 360networks. "The completion of this landing
 station marks a significant milestone in the development of 360americas and
 the delivery of fiber optic network services between Brazil and the world."
     360networks has also completed 360americas cable landing stations in
 Tuckerton, New Jersey; Boca Raton, Florida; St. David's, Bermuda; Caracas,
 Venezuela; and Fortaleza, Brazil. The company is scheduled to complete a
 landing station in Las Toninas, Argentina (near Buenos Aires) and an undersea
 segment connecting Rio de Janeiro and Buenos Aires in the third quarter of
 this year.
 
     About 360networks
     360networks (NASDAQ:   TSIX and TSE: TSX) offers network services to
 telecommunications and data-centric organizations. 360networks is developing
 one of the largest and most technologically advanced fiber optic mesh networks
 in the world. By mid-2002, the planned network will span 143,000 kilometers
 (89,000 miles), and link more than 100 major cities with terrestrial routes
 and undersea cable systems joining North America, Europe, South America and
 Asia. 360networks is also developing metropolitan networks in 35 cities
 worldwide. More information is available at www.360.net.
 
     Forward looking statements: This document may contain statements about
 expected future events and financial results that are forward looking in
 nature, and, as a result, are subject to certain risks and uncertainties,
 including general economic and business conditions, and specific conditions
 affecting our sector, including pricing pressures and declining prices; our
 ability to access capital markets to ensure financial liquidity; competition;
 the inability to attract and retain our anticipated customer base; existing
 government regulations and changes in, or the failure to comply with,
 government regulations or obtain required permits or licenses; changes in
 business strategy or development plans; the ability to attract and retain
 qualified personnel; and other factors. Actual results may differ materially
 from those projected by management. For such statements, we claim the safe
 harbor for "forward looking statements" within the meaning of the Private
 Securities Litigation Reform Act of 1995.
 
 

SOURCE 360networks inc.
    VANCOUVER and RIO DE JANEIRO, April 25 /PRNewswire/ - 360networks
 unveiled today a US $30 million cable landing station in Rio de Janeiro,
 Brazil that will serve as a major access point to the company's global fiber
 optic network.
     The new station links Rio de Janeiro with North America via 360americas,
 an undersea and terrestrial network that currently provides direct
 connectivity between the United States, Brazil, Venezuela and Bermuda.
 360americas will span 29,000 kilometers (18,000 miles) and offer total system
 capacity of 1.36 terabits per second.
     Located in the municipal district of Vargem Pequena, the 15,000-square
 foot landing station houses network switching and optical equipment, office
 space and electrical generators. It also features secure space where customers
 such as telecommunications companies and data-centric organizations can
 connect their regional networks and applications to 360networks' global
 network.
     "Rio de Janeiro will serve as the main gateway for international data
 traffic between South America and North America," said Scott Lyons, vice-
 president of submarine systems at 360networks. "The completion of this landing
 station marks a significant milestone in the development of 360americas and
 the delivery of fiber optic network services between Brazil and the world."
     360networks has also completed 360americas cable landing stations in
 Tuckerton, New Jersey; Boca Raton, Florida; St. David's, Bermuda; Caracas,
 Venezuela; and Fortaleza, Brazil. The company is scheduled to complete a
 landing station in Las Toninas, Argentina (near Buenos Aires) and an undersea
 segment connecting Rio de Janeiro and Buenos Aires in the third quarter of
 this year.
 
     About 360networks
     360networks (NASDAQ:   TSIX and TSE: TSX) offers network services to
 telecommunications and data-centric organizations. 360networks is developing
 one of the largest and most technologically advanced fiber optic mesh networks
 in the world. By mid-2002, the planned network will span 143,000 kilometers
 (89,000 miles), and link more than 100 major cities with terrestrial routes
 and undersea cable systems joining North America, Europe, South America and
 Asia. 360networks is also developing metropolitan networks in 35 cities
 worldwide. More information is available at www.360.net.
 
     Forward looking statements: This document may contain statements about
 expected future events and financial results that are forward looking in
 nature, and, as a result, are subject to certain risks and uncertainties,
 including general economic and business conditions, and specific conditions
 affecting our sector, including pricing pressures and declining prices; our
 ability to access capital markets to ensure financial liquidity; competition;
 the inability to attract and retain our anticipated customer base; existing
 government regulations and changes in, or the failure to comply with,
 government regulations or obtain required permits or licenses; changes in
 business strategy or development plans; the ability to attract and retain
 qualified personnel; and other factors. Actual results may differ materially
 from those projected by management. For such statements, we claim the safe
 harbor for "forward looking statements" within the meaning of the Private
 Securities Litigation Reform Act of 1995.
 
 SOURCE 360networks inc.