Fujitsu and Pacific Crossing completed an upgrade project that more than doubles the capacity of the 21,000-kilometer PC-1 trans-Pacific fiber optic submarine cable network.
The project, which began in September 2007, involved the installation of Fujitsu’s FLASHWAVE S650 submarine wavelength divisional multiplexer equipment in Pacific Crossing’s cable landing stations, and the upgrade of the overall capacity to 1.98Tbps, of which 1.01Tbps is available on the two Trans-Pacific segments. The six-month contract was completed without any disruption to existing network traffic. http://www.fujitsu.comhttp://www.pc1.com
- In January 2007, Pacific Crossing raised $50 million in new financing to pay off its remaining debt and finance new projects. The company also announced the appointment of Robert Boss as CEO and Robert Annunziata as Chairman. Boss previously was president of Japan Telecom America. Annunziata has served in a numerous executive positions throughout the telecom industry, including as CEO of Global Crossing during most of 1999.
- In January 2006, Pacific Crossing Ltd, Inc., a former subsidiary of Global Crossing and of the former Asia Global Crossing (now Asia Netcom), emerged from Chapter 11 bankruptcy proceedings. Over $650 million of existing debt was converted into equity and $25 million in secured debt.