Emerald Networks Announces Execution Of Landing Party Agreement With AT&T
DUBLIN, Jan. 22, 2013 /PRNewswire/ -- Emerald Networks, a new-build network submarine cable system that will connect North America to Europe and Iceland with extraordinary new capacity, announced today the signing of a Landing Party Agreement (LPA) with multinational telecommunications provider AT&T.
Under this agreement AT&T will provide facilities and operational support for terminating the Emerald Express subsea cable at the former TAT12/13 cable station in Shirley, NY. This infrastructure will enable Emerald Express to utilize the most innovative optical technologies and provide the most advanced undersea telecommunications system constructed to date.
"As we continue toward full implementation of Emerald Express, we are extremely pleased and looking forward to a productive relationship with our strategic collaborators, including AT&T," said Dr. William C. Marra, CEO of Emerald Networks. "Due to the continued market expansion of media and mobile demand for internet bandwidth and new multimedia applications we are anticipating massive market changes driven by explosive growth in telecommunications traffic worldwide, and our system will be part of this evolution."
This news is the latest in a series of strategic company milestones that Emerald Networks has announced recently. Over the past four months alone, the company announced a strategic investment by Storage Engine, Inc., as well as the appointments of Dr. William C. Marra to Chief Executive Officer, Mr. Phillip Magiera to Chief Financial Officer and Dr. Gisli Hjalmtysson to its Board of Directors.ABOUT EMERALD NETWORK Emerald Networks, is a new-build network submarine cable system that will connect North America to Europe and Iceland with extraordinary new capacity and will be a low-latency network across the Atlantic. Emerald Networks is an open network architecture platform that is agnostic and enables upgrades with various new technologies. It will be the first 100G system with a unique route that links Shirley, New York to the West Coast of Ireland with a branch connection to Grindavik, Iceland and a future branch connection to Portugal. The system is scheduled to be ready for service by mid 2014. Media Contact: North 6th Agency, Inc. 212-334-9753, firstname.lastname@example.org SOURCE Emerald Networks
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV