$800 million broadband network for Asia-Pacific

360networks has entered into a strategic relationship with C2C, a subsidiary of Singapore Telecommunications (SingTel), to jointly develop a fully-redundant, diversified Asia-Pacific network capable of providing city-to-city connectivity.

The C2C Cable Network is a submarine network linking Japan, South Korea, Taiwan, the Philippines, Hong Kong, Singapore and, subject to regulatory approval, China. It will be the most extensive in the region and have ultimate capacity of 7.5 terabits per second by the fourth quarter of 2001.

Through this strategic relationship with C2C, 360networks will have two fiber pairs as well as back haul capacity from landing sites to points of presence (POPs) in major Asian cities on the C2C Cable Network. 360networks’ commitment to C2C is expected to total US $800 million.

360networks is exploring the most cost-effective and technologically advanced means to provide transpacific connectivity, including the development of a transpacific submarine cable with several partners. This potential transpacific cable would connect with the C2C Cable Network, and in the event that it is undertaken, C2C has agreed to commit more than $200 million to its development.

360networks Web site is at www.360networks.com