Flag Names Andres B.Bande Chairman and CEO
- Will Lead World's Longest Undersea Fiber Cable System -
December 16, 1997
HAMILTON, Bermuda -- The board of directors of FLAG Limited, owner and
operator of FLAG (Fiberoptic Link Around the Globe), announced today
that Andres B. Bande has been elected chairman of the board and chief
executive officer, effective Jan. 12, 1998.
FLAG is the world's longest undersea fiber optic cable system, linking
Europe, Asia and the Middle East through 13 landing points in 11
Bande joins FLAG from Sprint Corporation, where he has been president
of Sprint International since 1996.
"Andres has the experience and understanding of international
telecommunications markets to position FLAG as a market leader, and we
are extremely pleased with his decision to join us," said Daniel C.
Petri, acting chairman of FLAG. Petri, who is president of Bell
Atlantic Global Systems, will continue to serve on the FLAG board.
"I am delighted to have the opportunity to lead a visionary,
high-potential company like FLAG," said Bande. "FLAG is uniquely
positioned to serve the explosive growth in global telecommunications,
and I am looking forward to the challenge."
Before joining Sprint, Bande was president of Ameritech International
Corporation, where he launched the company's international strategic
investment unit and expanded its holdings to nearly $4 billion.
Before joining Ameritech, Bande was executive vice president of U S
West International. Prior to that he was president of Teleconsult, an
international telecommunications consulting practice. Bande was
chairman of the President's Advisory Commission on Educational
Excellence for Hispanic Americans during the presidency of George
A recognized expert on international trade, investment and
telecommunications, he is a frequent speaker on telecommunications
privatization and finance, and has published several articles and
papers on those topics. He holds a law degree from the University of
Chile and a master's degree in politics and international law from
With landing points in Japan, Korea, China, Malaysia, Thailand, India,
the United Arab Emirates, Egypt, Italy, Spain and the United Kingdom,
the FLAG undersea cable system offers approximately 75 percent of the
world's population access to a broadband superhighway intended to meet
the soaring demand for communications services.
FLAG is the first major submarine cable system to be financed by
private investors rather than international carriers, and as such is
distinguished from traditional cable systems because its services can
be flexibly and responsively packaged and priced for a competitive
market. FLAG began commercial service last month with more than 60
international carriers as customers.
Investors in FLAG include Bell Atlantic Corp. of New York; the Dallah
Al-Baraka Group of Jeddah, Saudi Arabia; Telecom Holding Co., Ltd.;
Marubeni Corp.; the Asian Infrastructure Fund; GE Capital Services;
and Gulf Associates Inc.