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Home > Company Index > Telecommunications > Miscellaneous Services to Communication Providers > FLAG Telecom Holdings Limited

FLAG Telecom Holdings Limited
Nasdaq: FTHL
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 NEWS FROM THE WIRES
Flag Telecom unit gets $300 million in funding
Aug 20 2001 01:21 PM PDT

Flag Telecom posts Q2 loss, scraps Pacific route
Aug 07 2001 02:19 PM PDT

More WIRE STORIES about this company

 PROFILE
Waving the bandwidth banner, FLAG Telecom Holdings is a carrier's carrier providing global network services. An acronym for Fiber Loop Around the Globe, FLAG operates an undersea cable from the UK to Japan (FLAG Europe-Asia) and is developing the first dual transoceanic terabit cable system (FLAG Atlantic-1 and FLAG Pacific-1). The company has teamed up with Level 3 Communications to build a multi-terabit intra-Asia submarine cable system. It also is developing a European backbone network with Verizon Communications, which owns about 19% of the company. Other major shareholders include Saudi Arabia's Dallah Al Barakah Group (16%) and Tyco International (11%).

 COMPETITION
360networks inc. (TSX)
Global Crossing Ltd. (GX)
Level 3 Communications, Inc. (LVLT)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 99.30
1-Yr. Sales Growth: (25.0)%
Employees: 266
Revenue per employee: $373,308.27

 KEY PEOPLE
• Andrés Bande
    CEO
• Peter O'Donoghue
    CFO

 CONTACT INFO
41 Cedar Ave.
Hamilton HM 12, Bermuda
Phone: 1-441-296-0909
Fax: 1-212-754-4546
Online: Web Site

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