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Tyco to Sell its Undersea Fiber Network

Tyco International announced a major restructuring that will include the sale of Tyco Global Network, its undersea fiber optic telecommunications network, and its exit from more than 50 other businesses.
TGN had a pre-tax operating loss of $117 million during the company’s recently completed fiscal year 2003. The Tyco Global Network encompasses some of the world’s largest undersea cable systems. The company provides bandwidth at all STM/OC levels, as well as clear-channel wavelengths and fiber pairs.
http://www.tycotelecom.com

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