Reuters - Verizon joins another undersea cable network

This article was sent to you from bombastic4000@gmail.com, who uses Reuters Mobile Site to get news and information on the go. To access Reuters on your mobile phone, go to:
http://uk.mobile.reuters.com

Verizon joins another undersea cable network

Tuesday, May 06, 2008 7:42PM UTC

NEW YORK (Reuters) - Verizon Communications Inc's business
unit said on Tuesday it would help build an undersea cable
connecting Europe, the Middle East and India to expand its
global network to support Internet traffic.

Verizon Business, the No. 2 U.S. phone company's unit in
charge of corporate clients, said it joined a consortium of 16
companies to build a 9,000 mile (15,000 km) optical cable
system linking the three continents.

The network, named the Europe India Gateway, is due to be
completed in 2010 and cost more than $700 million (350 million
pounds). Verizon Business did not disclose how much it would
pay.

Verizon Business is involved in more than 67 submarine
cables worldwide, and the Europe India Gateway is its third
major project in the last four years.

It has been boosting investment in such advanced cable
networks to provide more stable voice connections and faster
Internet services for global corporate clients.

(Reporting by Ritsuko Ando, Editing by Toni Reinhold)