Terabeam Trains Lasers on Businesses6/22/2001 6:46 AM Eastern
Terabeam Corp. launched high-speed-data services to businesses in Denver,
marking the second market to gain access to the company's 'fiberless' optics
network. Terabeam has served customers in Seattle since February.
Using the same wavelength of fiber optic cables, Terabeam fosters high-speed
connectivity via laser beams that are directed to hub sites affixed to customer
Terabeam's use of a wireless infrastructure gives the company an instant
service footprint encompassing 70 percent to 80 percent of downtown Denver, the
'If we can `see' your business location and you want or need fiber optic
speeds and capacity, we can provide it and provide it quickly,' said Terabeam
president and CEO Daniel Hesse, the former president and CEO of AT&T
Wireless Services, in a press release. How quickly? Terabeam estimated that its
customers can be up and running within 30 days.
Terabeam said it offers four tiers of service: 5 megabits per second, 10
mbps, 100 mbps and 1 gigabit per second. The company did not disclose pricing
models for the service.
In April, Terabeam closed on a third round of financing totaling $105
million. Lucent Technologies owns 30 percent of the company.
Despite relatively strong financial backing, the soft economy forced Terabeam
to cut 54 employees in May, or about 10 percent of its work force. At the time,
the company said it plans to launch services in four more major U.S. cities by
the end of this year.
Terabeam officials were not immediately available for further