An interview with Larry Olsen–360networks using IPO proceeds to finish network builds in North America, Europe
News | 06/05/2000 4:00 am EDT
Armed with $745 million from its initial public offering, 360networks Inis ramping up an ambitious construction program that will see 90,000 route km of fibre optics installed by mid-2001 throughout North America and Europe, as well as undersea. The Canadian leg of the network – some 2050 route km – should be finished by the end of the year. By early next year, it will have doubled the reach of its fibre across North America to more than 38,400 route km. Its Hibernia project, now named 360Atlantic, should be rolling into Europe soon.