360networks completed its previously announced acquisition of Dynegy’s North American network business for an undisclosed sum. The deal includes an inter-city network spanning 16,000 route miles with 65 wholesale customers and access points in 44 U.S. cities. 360networks has also assumed Dynegy’s existing customer base, its remaining fiber leases, and its co-location facilities. Including these new assets, 360networks’ optical mesh fiber network now spans 33,000 route miles (53,000 km) and reaches 60 major cities in North America. The company also operates 17 metro fiber networks in nine Canadian provinces.
http://www.360.net
- In July 2002, Dynegy wrote-off its investment in the communications business with a charge of $212 million to its Dynegy Global Communications division.
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In January 2003, Dynegy sold its European communications business to a division of Klesch & Company.
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In October 2001, Dynegy Global Communications completed a nationwide, optically switched, mesh network spanning 16,000 route miles and reaching 44 of the largest US cities. The backbone uses Tellium’s optical switches and Fujitsu’s DWDM platform.
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360networks emerged from Chapter 11 protection in the US and CCAA protection in Canada in November 2002. The company subsequently acquired GT Group Telecom, which operated a Canadian network with 454,125 strand kms of fiber.