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At the same time, it leased capacity from other providers and treated this as a capital expense, amortising it over time.
Global Crossing, for example, a recently bankrupted telecoms company audited by Andersen, leased capacity to other telecoms carriers and treated this as immediate revenue.
Vodafone said Cable and Wireless Worldwide was attractive because of its fiber network, which can provide support for increasing data traffic "at considerably lower cost compared to prevailing market rates for leased capacity".
By year-end 1998 Qwest had leased capacity to every major U.S. long-haul carrier and had spent all of $500 million to build its entire 18,500-mile fiber network; Sprint's older infrastructure cost $13 billion.
Leased capacity on private cables will expand the backbone to Seville and Mlaga.
Similar(52)
True, businesses can usually lease capacity for private use.
Irish and European Union rules force Eircom to lease capacity on its local network to such competitors.
About a decade ago, the government forced France Telecom to lease capacity on its wires to rivals for a regulated price, allowing competitors like Iliad to storm in.
Companies like Qwest that sell or lease capacity on their networks to large corporations are faced with plunging prices for that network space.
They are allowed to lease capacity on Telstra's network inside the stadium, but must complete calls on their own networks.
The group has signed a deal to lease capacity from EE and run a "virtual", or piggy-back, network supplemented by BT's own 4G spectrum and Wi-Fi hotspots.
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