Genuity, Inc. (GENU) Message Board

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Technology Stocks : Genuity, Inc. (GENU)

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To: Ms. Baby Boomer who wrote (197)	9/6/2001 9:17:38 AM
From: Bald Eagle	Read Replies (1) of 456

Argentina, Sep 3, 2001 (El Cronista/SABI via COMTEX) -- Genuity the American supplier of Internet access systems for companies has started operating in Argentina. This decision is part of the company's Latin American expansion strategy which will include the opening of an office in Mexico in the next few months. The Argentinean market is important because it will experience explosive growth in the next few years. Latin American operations will represent between 12-15% of the total turnover of the company in 2004. Last year, Genuity's turnover was US$1,000mil. The company supplies fibre optic connections allowing ISPs and telecoms to enter the United States. The company also provides security, Web access and management of e-commerce solutions. Genuity, which identifies UUNet as its only competitor in Argentina, aims at providing its services to ISPs, telecoms, data centers and banks. The company is already operating with Telecom Argentina and hopes to capture between 8 and 10 customers by the end of the year. The local operations of Genuity will also include Uruguay and Chile.

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