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FA-1FLAG Atlantic (sub-sea cable; UK)
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The French newspaper said the French tax authorities accepted e1/47.3 million Reliance Flag Atlantic France as a colony as against original demand of e1/4151 million.
The newspaper further stated that the French tax authorities accepted 7.3 million euros from Reliance Flag Atlantic France as a settlement as against original demand of 151 million euros.
Sparkle will acquire a significant Spectrum capacity across Global Cloud Xchange's Flag Atlantic (FA-1) system and at the same time the two parties will close a strategic capacity deal on the new Europe to Asia System, SEAMEWE-5, to support GCX's growing market requirements, the company said.
The FLAG Atlantic 1 network will be configured as a "ring" to give additional protection to a very high-capacity traffic path with two transatlantic cables.
The FLAG Atlantic 1 (FA-1) terabit transoceanic loop system incorporates a protected, multiple loop system with diverse fibre delivery, provides direct service between London, Paris and New York and offers up to 2.4Tb/s of city-to-city capacity.
With the purchases from Williams and Broadwing together with acquisition of capacity on the Flag Atlantic cable, Teleglobe will have a multiple 10Gb/s transcontinental backbone network.
TELECOMWORLDWIRE-1 November 2000-FLAG Telecom buys GTS' interest in FLAG Atlantic (C)1994-2000 M2 COMMUNICATIONS LTD http://www.m2.com
The broadband services provider Global TeleSystems Inc (GTS) is to sell its 50% stake in FLAG Atlantic Ltd to FLAG Telecom.
FLAG Atlantic Ltd, a joint venture between FLAG Telecom and Global TeleSystems Inc, has awarded a multi-million dollar (USD) contract to Alcatel to provide synchronous digital hierarchy (SDH) and dense wavelength division multiplexing (DWDM) technology and equipment to the FLAG Atlantic-1 (FA-1) terrestrial network.