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News and comments on community broadband networks, the communities deploying them and the technologies that support them. Published by Denise Frey and Al Bonnyman.

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Wednesday, December 17, 2003


Norfolk Southern railroad writes down value of its telecom business

Norfolk Southern Corporation is writing down the value of its' telecom assets by $80 million dollars to reflect their loss in value since the height of the fiber boom of the late 1990s. Norfolk Southern owns Thoroughbred Technology and Telecommunications, known as T-Cubed. T-Cubed's assets include 1,600 miles of fiber-optic infrastructure on Norfolk Southern's eastern rail corridors, and it has completed a number of transactions to provide infrastructure to telecommunications service providers.

"Norfolk Southern, through its T-Cubed subsidiary, remains committed to its participation in the telecommunications industry, which allows us to leverage our assets to participate in the future development of telecommunications infrastructure."


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