Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

TyCom Ltd. Seeks $1 Billion in Initial Stock Sale
Mar 2000
WASHINGTON, Mar. 14 -- TyCom Ltd., a supplier of undersea fiber optic networks and services and a wholly owned subsidiary of Tyco International Ltd., hopes to raise as much as $1 billion in an initial sale of stock. The company, which was formed on March 8, 2000, did not report the number of shares of common stock it plans to sell in the IPO or the planned offering price.
TyCom expects to use the proceeds from the offering to deploy the first phase of a worldwide undersea telecommunications fiber optic cable system, named TyCom Global Network. According to TyCom, the network, which will likely be deployed in stages over the next 10 years, is expected to span 250,000 kilometers and serve six continents.
Additional proceeds from the stock sale will also be used to pay a dividend to TGN Holdings Ltd., a wholly owned Tyco subsidiary.

CommunicationsNews & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.