Tyco Submarine Wins $630 Million Contract

MORRISTOWN, NJ, April 21 -- Tyco Submarine Systems Ltd. announced that it has been named the sole supplier for Worldwide Fiber Inc.'s transatlantic cable project called Hibernia. This supply contract will have an initial value of $630 million (US). Worldwide Fiber intends to build landing points for Hibernia in Canada, Scotland, Ireland, England and the United States. Scheduled for completion in January 2001, Hibernia System will be a 12,200-kilometer undersea cable system that will incorporate the most advanced dense wave division multiplexing (DWDM) fiber optic technology available. Each segment will have a planned wet plant ready capacity of 1.28 terabits/sec. When completed, Hibernia will be the first transatlantic undersea ring network structure in service, utilizing 32 wavelengths at 10 Gb/s per fiber pair.