TyCom Transatlantic is a 4-fiber pair ring system capable of carrying 64 fully protected 10-gigabit-per-second wavelengths, for a designed traffic-carrying capacity of 2.56 terabits. This capacity is greater than that of any other transatlantic system installed to date.
"Thanks to the dedicated efforts of all our employees, both on land and at sea, we're pleased to announce that the first circuits in the TyCom Global Network are now being commissioned across the Atlantic," said Neil Garvey, President and CEO of TyCom. "The fact that the transatlantic segment -- offering the highest capacity installed on this major route -- is in place ahead of schedule underscores both our technology leadership and our commitment to on-time deployment."
Garvey continued, "Given current conditions in the highly competitive transatlantic market, the sales on our system clearly indicate that customers recognize the growing importance of high quality service and financial stability in a capacity provider. When customers sign an IRU or lease for capacity, they also want the assurance that their supplier will be there over the long term. This is what we provide," he concluded.
Both the new Global Network Management Center in the U.S. and the Customer Care Center in Bermuda are now operational. Colocation facilities are available at TyCom's TelExchange centers in each major city along the transatlantic and Northern European routes.
ABOUT THE TYCOM GLOBAL NETWORK
The TyCom Global Network is planned to be the world's most extensive and technologically advanced undersea fiber optic network. Phase 1 of the TyCom Global Network is designed to offer multi-terabit capacity upgradeable to a maximum of 7.68 terabits per second, span approximately 90,000 kilometers and reach more than 30 major cities around the globe. TyCom is designing and manufacturing the undersea cable, optical amplifiers and terminal equipment, and designing, building and equipping the global and regional network management centers and cable stations along the route. More than 1.6 million square feet of floor space in TyCom's TelExchange colocation centers is being developed in major cities. TyCom's own fleet of cable ships, one of the world's largest, is installing and will maintain the network.
ABOUT TYCOM LTD.
TyCom Ltd. (NYSE: TCM; BSX: TCM), with fiscal 2000 revenues of $2.54 billion, is one of the world's largest providers of advanced broadband communications capacity, systems and services. TyCom is a leading fully integrated supplier of transoceanic fiber optic systems, is the recognized world leader in undersea technology development and application, and operates one of the world's largest fleets of cable ships. To meet growing demand, the Company is also deploying and selling capacity on the TyCom Global Network. TyCom's parent company is Tyco International Ltd. (NYSE: TYC; LSE: TYI; BSX: TYC). For more information on TyCom, visit http://www.tycomltd.com .
ABOUT TYCO INTERNATIONAL LTD.
Tyco International Ltd. is a diversified manufacturing and service company. Tyco is the world's largest manufacturer and servicer of electrical and electronic components; the world's largest designer, manufacturer, installer and servicer of undersea telecommunications systems; the world's largest manufacturer, installer and provider of fire protection systems and electronic security services, and the world's largest manufacturer of flow control valves. Tyco also holds strong leadership positions in disposable medical products, financing and leasing capital, plastics and adhesives. Tyco operates in more than 100 countries and has expected fiscal 2001 revenues in excess of $38 billion.
FORWARD LOOKING STATEMENT
This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the timing of construction and the successful operation of the TyCom Global Network, changes in telecommunications technology, changes in demand for bandwidth capacity, receipt of necessary licenses and regulatory approvals, competitive factors in the undersea fiber optic cable industry and in the telecommunications industry generally, overall economic and business conditions, the buy-back of TyCom common shares, changes in the regulatory environment, the outcome of litigation, risks associated with conducting business in international markets, and other risks described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2000, filed with the U.S. Securities and Exchange Commission. TyCom is under no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.