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FPL FiberNet Provides International Connectivity via New World Network's ARCOS Fiber-optic Cable System

PRNewswire-FirstCall
MIAMI
Jan 29, 2002

FPL FiberNet announced today it signed an agreement with New World Network to provide international connectivity to New World Network's Americas Region Caribbean Optical-ring System (ARCOS). The company will provide New World Network with access to its extensive metropolitan area network in Florida, and New World Network will supply FPL FiberNet with international fiber-optic connectivity to growing markets in the Caribbean and Latin America via ARCOS.

(Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20010621/FPLLOGO )

The connection to ARCOS will take place at the international cable landing station on the South Florida coast near Miami. It provides connectivity from FPL FiberNet's network to the NAP of the Americas and BellSouth MIX as well as to more than 150 other facilities such as carrier hotels and central offices housing telecommunications equipment in Florida.

"This agreement is significant because it provides reach into areas that have high growth potential, but have been underserved," said Neil Flynn, president of FPL FiberNet. "FPL FiberNet is pleased to be part of a project that will provide connectivity solutions between major countries in the Americas and to virtually every important interconnection point in Florida including the NAP of the Americas and BellSouth MIX," Flynn said.

"This agreement allows New World Network to provide increased diversity and choice to our customers by using multiple local providers to interconnect to our fully-redundant and technologically advanced fiber-optic cable network," said Matt Milstead, COO of New World Network. "Through FPL FiberNet's metro-area network, one of the largest in the U.S., our customers will have greater access to major carriers' networks nationwide."

About FPL FiberNet

FPL FiberNet, LLC, which operates one of the largest metropolitan-area fiber-optic networks in the United States, provides connectivity to major telecom centers in Florida, including leading carrier hotels, network access point (NAP) initiatives, international cable-heads and large central offices. Through multiple interconnection and partnership agreements, the network spans 8,600 miles throughout the southeast. The company has completed fiber-optic networks in Miami, Fort Lauderdale, West Palm Beach, Boca Raton, Jacksonville, Orlando, St. Petersburg and Tampa as part of an aggressive schedule to bring metro networks to major cities throughout the state. FPL FiberNet, LLC, is the telecommunications subsidiary of FPL Group, Inc. .

FPL Group, with annual revenues of more than $8 billion, is one of the nation's largest providers of electricity-related services. Its principal subsidiary, Florida Power & Light Company, serves 3.9 million customer accounts in Florida. FPL Energy, LLC, FPL Group's independent power production subsidiary, is a leader in generating electricity from clean and renewable fuels. More information is available at http://www.fplgroup.com/.

About New World Network

New World Network is a carrier's carrier that provides advanced, high- speed bandwidth capacity to telecommunications companies and Internet Service Providers. The company's Americas Region Caribbean Optical-ring System (ARCOS) is the leading undersea broadband fiber-optic cable network connecting the U.S., Mexico, Central America, South America and the Caribbean. The unique hybrid ownership structure of ARCOS is co-owned by 28 carriers throughout the region and led by New World Network, the majority owner with approximately 86.5 percent ownership.

The company's financing is provided by Barclays Capital, Inc. and Bank of Montreal. The company's equity investors are Global Light Telecommunications (49 percent), Siemens Project Ventures (19.6 percent), Barclays Investment Growth, Ltd. (3.9 percent) and the founding sponsors (27.5 percent). Visit http://www.nwncable.com for more information.

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http://www.newscom.com/cgi-bin/prnh/20010621/FPLLOGO

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SOURCE: Florida Power & Light Company

Contact: FPL FiberNet, Corporate Communications, +1-305-552-3888



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