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February 29, 2000
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| For Immediate Release
Japan Telecom |
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Announcement of the Participation in the Australia-Japan Cable Project
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| Japan Telecom Co., Ltd. and NTT Communications Corporation (NTT Com) announced today that a Shareholder’s Agreement has been signed for the newly established Special Purpose Vehicle (SPV) Company for the Australia-Japan cable project, which objective is to build the high capacity submarine cable connecting Japan and Australia. AT&T/BT Concert, MCI WorldCom, Teleglobe, and Telstra also signed the agreement. The Australia-Japan cable connects Japan (landing points: Maruyama and Shima) and Australia (Oxford Falls and Paddington) directly via Guam (Tanguisson and Tumon Bay) and plans to operate in June, 2001. The initial capacity will be 40 Gbps, and later it will be able to increase up to 320 Gbps with WDM (Wavelength Division Multiplexing) system, which is capable of meeting a burgeoning internet data transmission demand between Japan and Australia. The Australia-Japan cable is designed to interconnect with other submarine cables such as Japan-US cable network providing its bandwidth between Australia and US via Japan. <Australia-Japan Cable Project>
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