VANCOUVER -- 360networks announced today significant sales of network services on its undersea networks including 360atlantic, the company’s high-bandwidth cable linking the United States, Canada, Ireland and the United Kingdom. In the first quarter of 2001, 360networks completed sales totaling more than US $475 million to major carriers and network service providers for services on 360atlantic, 360americas, 360asia, 360pacific as well as on its North American network.

“Despite the challenging business environment worldwide, we have succeeded in selling a significant portion of the capacity on 360atlantic soon after completing and lighting it,” said Greg Maffei, president and chief executive officer of 360networks. “Many of these new sales are from repeat customers, which we believe is a testament to the value of our global network and diversity of services as well as our ability to execute on time.”

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