SAM and all,|
I was in ABOV the last time Abov was mentioned with LOR. It was a very good run since then on ABOV. Not my LOR. Pretty depressing. Right? Well. Will hold anyway. A quick run from ABOV from $30 to $140. Not bad at all. Give me more dough to buy LOR, GSTRF and Q. I do not understand why LOR can not be treated as an internet backbone provider. Hmmmmm.
Loral Orion Chooses AboveNet to Provide Direct Connections to Internet for Expanding, Global Traffic
LAS VEGAS--(BUSINESS WIRE)--April 21, 1999--Loral Orion, a subsidiary of Loral Space & Communications (NYSE:LOR - news), today announced that it is further expanding its Internet access capacity through a new agreement with AboveNet(TM) Communications Inc.
This agreement will allow Loral Orion to deliver more rapid access to the U.S. Internet backbone for its growing number of Internet Service Provider (ISP) customers who currently use the company's global satellite services.
Loral Orion currently offers advanced, end-to-end Internet access and value-added services to a growing number of ISPs around the world. By broadening the company's terrestrial Internet gateway connections through this agreement, Loral Orion will be able to offer customers greater capacity and enhancements including secure, multicast services for business applications.
Under the new agreement, Loral Orion will locate servers at AboveNet's Tysons Corner, Va., New York, N.Y. and San Jose, Calif., Internet Service Exchanges (ISX). This will enable Loral Orion to carry data directly from its satellite network to the Internet across the U.S. AboveNet's multiple ISX facilities will speed data distribution for Loral Orion, enhancing the company's global Internet delivery service.
''We have chosen AboveNet because of its superior connectivity and reliable network,'' said Neil Bauer, group vice president for Loral Data Services. ''This complements Loral Orion's extensive satellite-based Internet capabilities, allowing us to deliver an even more complete set of global IP-based services to efficiently meet our customers' requirements.''
''Our agreement with Loral Orion adds another dimension to the kind of customers that may utilize our ISX,'' said Dave Rand, chief technology officer of AboveNet. ''Adding a satellite-based service provider enhances our global expansion strategy because of the appeal of satellite transmissions to international ISPs and multinational enterprises.''
Loral Orion, based in Rockville, Md., is a subsidiary of Loral Space & Communications. Loral Orion is a data services company focused on providing global Internet access, data networking and content delivery services. In addition to offering a variety of satellite-based Internet services to ISPs and multinational businesses worldwide, Loral Orion provides managed network services to corporate customers around the globe.