| | Business Summary | | 360NETWORKS,
INC.
is
a
facilities-based
provider
of
fiber
optic
communications
network
products
and
services.
The
Company
designs,
engineers,
constructs
and
installs
terrestrial
and
marine
fiber
optic
systems
for
sale
or
lease
or
for
its
own
use.
The
Company
offers
services
on
a
scalable
basis,
including
network
services,
private
line
transmission,
packet-based
data
services
such
as
Internet
protocol
transport
and
Asynchronous
Transfer
Mode,
and
virtual
voice
trunking;
and
network
infrastructure,
grant
of
indefeasible
right
of
use
or
lease
and
construction
services
supporting
the
development
of
the
Company's
network.
In
June
2001,
the
Company
and
several
of
its
operating
subsidiaries
filed
for
protection
under
the
Companies'
Creditors
Arrangement
Act
in
the
Supreme
Court
of
British
Columbia.
The
Company's
principal
United
States
subsidiary,
360networks
(USA)
Inc.
and
22
of
its
affiliates
concurrently
filed
for
protection
under
Chapter
11
of
the
United
States
Bankruptcy
Code. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | 360NETWORKS,
INC.
is
an
independent,
facilities-based
provider
of
fiber
optic
communications
network
products
and
services.
By
the
end
of
2001,
the
Company
expects
its
network
to
consist
of
56,300
route
miles.
For
the
three
months
ended
3/31/01,
revenue
rose
6%
to
$80
million.
Net
loss
increased
81%
to
$106
million.
Results
reflect
the
completion
of
conduit
and
fiber
optic
strands,
offset
by
an
increase
in
interest
expense
and
depreciation
expense. | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | Gregory Maffei, 39 | Pres,
CEO | | Vanessa Wittman, 33 | CFO | | Jim Brennan | Pres,
European Division | | Jerry Tharp, 65 | Pres,
360-USA | | Jimmy Byrd | COO |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
