The group will be joined by such companies as Nippon Telegraph and Telephone Corp., Fujitsu Ltd., KDDI Corp., Hitachi Ltd., Toshiba Corp. and NEC Corp. They will spend some 30 billion yen (260 million dollars) on the research project over the next five years. The optical network would allow as many as 100 billion devices to access it simultaneously and still enjoy extremely fast data-transfer speeds.
In July 207, Ciena Corporation (NASDAQ:CIEN), the network specialist, announced that JANET(UK) has successfully delivered its first 40 Gbps service in a production environment across JANET, the UK's national research and education network, using the new 40 Gbps capabilities of Ciena's CoreStream®Agility Optical Transport System.
In June 2007, Level 3 Communications' Business Markets Group announced that the Internet2 nationwide, dedicated network services backbone was operational. This new 100 Gigabits per second (Gbps) network delivers an immediate increase in bandwidth and the capability for future scalability to enable emerging applications for the Internet2 research and education community. The network delivers the underlying optical technology required for Internet2 to dynamically provision multiple 10 Gbps wavelengths. The milestone enables Internet2 to remain on schedule to complete member migration from the existing network to this new backbone by later in 2007.