TyCom $1.1-Billion C2C Undersea Network Contract Now in Effect / Final Contract Amount $136 Million Greater Than Previously Announced; System Will Bring Several Technology Firsts to the Asia-Pacific Region

Pembroke, Bermuda (ots-PRNewswire) - TyCom Ltd. (NYSE: TCM; BSX:
TCM), today announced that its contract with C2C Pte. Ltd. for the supply of the C2C undersea fiber optic telecommunications cable network ("C2Ccn") is now fully in force. The contract is valued at approximately $1.136 billion, or about $136 million more than was initially announced when the Instruction to Proceed agreement was signed in July of this year.

To build the system, TyCom will deploy an advanced 8-fiber pair undersea cable that can carry up to 96 wavelengths of 10-Gb/s traffic. This configuration and ultimate capacity are firsts for the Asia Pacific region and will provide customers with high-quality broadband connections between Southeast and East Asia and the rest of the world. With a design capacity of 7.68 terabits per second, C2Ccn will also be one of the largest-capacity submarine cable systems in the world.

In a separate agreement with C2C, TyCom -- which holds a 15% equity stake in C2C Pte Ltd. -- will purchase bandwidth on C2Ccn. This will allow TyCom to further extend the reach of the TyCom Global Network ("TGN") to include all C2C countries and cities as part of the Phase 1 Asia-Pacific deployment. At the same time, under this agreement C2C will also purchase transpacific capacity on the TGN system.

C2C Pte. Ltd. is a private cable development company led by Singapore Telecommunications. Its first cable, C2Ccn, is a ring system of 17,000 kilometers that will provide service between and among the Philippines, Hong Kong, Taiwan, South Korea, Japan, Singapore and, subject to regulatory approval, China. The company is also looking into extending the cable to other Southeast Asian countries, such as Indonesia and Malaysia.

This is the latest in a series of major projects awarded to TyCom for the Asia-Pacific region, which include the recently announced Australia-Japan ("AJC") system. Both C2Ccn and AJC will help meet the burgeoning demand for high-capacity undersea bandwidth in the area.

About the Tycom Global Network

Phase 1 of the TyCom Global Network will offer multi-terabit capacity up to 7.68 Tb/s over a fully integrated system that will span approximately 70,000 undersea kilometers and connect more than 35 major cities around the globe. TyCom is utilizing its own advanced technology to design and manufacture the undersea cable, optical amplifiers and terminal equipment, and will design, build and equip the global and regional network management centers, TelExchange centers and cable stations along the route. TyCom's own fleet of cable ships, one of the world's largest, will install and maintain the system.

About Tycom Ltd.

TyCom Ltd. (NYSE: TCM; BSX: TCM) is one of the world's largest providers of advanced broadband communications capacity, systems and services. TyCom is a leading fully integrated supplier of transoceanic fiber optic systems, is the recognized world leader in undersea technology development and application, and operates one of the world's largest fleets of cable ships. To meet growing demand, the Company is also deploying and selling capacity on the TyCom Global Network. TyCom's parent company is Tyco International Ltd. (NYSE: TYC; LSE: TYI; BSX: TYC). For more information on TyCom, visit http://www.tycomltd.com.

About Tyco International

Tyco International Ltd. (NYSE: TYC; LSE: TYI; BSX: TYC) is a diversified manufacturing and service company. Tyco is the world's largest manufacturer and servicer of electrical and electronic components and undersea telecommunications systems; and the world's largest manufacturer, installer, and provider of fire protection systems and electronic security services. It has strong leadership positions in disposable medical products, plastics, and adhesives; and is the largest manufacturer of flow control valves. The Company operates in more than 80 countries and had 1999 revenues of $22.5 billion.

Forward-Looking Information

This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained in the forward-looking statements.

The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the timing of construction and the successful operation of the TyCom Global Network, changes in telecommunications technology, changes in demand for bandwidth capacity, receipt of necessary licenses and regulatory approvals, competitive factors in the undersea fiber optics cable industry and in the telecommunications industry generally, overall economic and business conditions, changes in the regulatory environment, the outcome of litigation, risks associated with conducting business in international markets, and other risks described in our Form S-1 registration statement (as amended) filed with the SEC. TyCom is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

ots Original Text Service: Tyco International Inc.
Internet: http://recherche.newsaktuell.de

Contact:
Peter Ferris, Managing Director, Investor Relations and Corporate Communications of TyCom (US) Inc., 603-775-6344, pferris@tycomltd.com; or
Judith Czelusniak, Senior Vice President, Corporate Relations of Tyco International (US) Inc., 561-988-7424

Web site:
http://www.tycomltd.com
http://www.tyco.com

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