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Technology Stocks : 360Networks - TSX - TSIX -- Ignore unavailable to you. Want to Upgrade?

To: D.B. Cooper who wrote (80)	1/5/2001 9:02:34 AM
From: Nick Morvay	Read Replies (1) \| Respond to of 449

Globe says 360networks in GiantLoop deal 360networks Inc TSX Shares issued 724,300,134 Jan 4 close $20.30 Fri 5 Jan 2001 In the News Also (U:TSIX) The Globe and Mail reports in its Friday edition that 360networks will be GiantLoop Network's preferred provider of North American and transatlantic broadband network services, the companies disclosed on Thursday. Vancouver-based 360networks has also made a "very minor" equity investment in GiantLoop, which is based in Waltham, Mass. The companies will co-operate on network engineering and management, customer and operational support, and field activities. GiantLoop, which provides enterprise optical networking services, expects customer demand over the next four years to lead it to purchase up to $175-million (U.S.) in network services from 360networks. (c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com

To: D.B. Cooper who wrote (80)	1/11/2001 1:04:29 AM
From: D.B. Cooper	Respond to of 449

Press Release SOURCE: 360networks inc. 360networks and Telseon to introduce end-to-end next generation data services Companies developing first nationwide Gigabit Ethernet network VANCOUVER, BC, and DENVER, CO, Jan. 10 /PRNewswire/ - 360networks (NASDAQ: TSIX and TSE: TSX) and Telseon today announced an agreement that will significantly increase the reach and availability of instantly scalable Internet Protocol (IP) and Ethernet-based data network services in U.S. metropolitan markets. Under the agreement, 360networks will have access to Telseon's optical Ethernet services in metropolitan areas, enabling 360networks to extend its IP transit, IP transport and backbone services to its customers colocated in points of presence (POPs) on the Telseon network. Additionally, Telseon will be a preferred provider of GigE metropolitan access services to 360networks and 360networks will be a preferred provider of dark fiber and long-haul capacity to Telseon. As a result of the agreement, carriers and new economy service providers such as Internet Service Providers, storage service providers and content distributors will benefit from secure, end-to-end data services that combine 360networks' global reach and Telseon's instantly available metropolitan Gigabit Ethernet technologies. ``By fusing Telseon's expertise in optical Ethernet technologies in the metro with 360networks' extensive optical footprint, we are connecting the first end-to-end Gigabit Ethernet network in the U.S. and setting the standard for global data communications,'' said Mick Seaman, chief technology officer of Telseon. ``Customers will now be able to jump on to a scalable network that can transport data along an IP backbone and continue within the metropolitan areas.'' Telseon is the only company offering an Ethernet-based platform that enables instant bandwidth scalability, rapid Web-based provisioning and integration with value-added software for critical functions including storage and customer relationship management. Its services are now available in 20 U.S. metropolitan markets. 360networks is developing the first global optical mesh network that will connect more than 100 major cities in North America, Asia, Europe and South America. ``This is one of the many ways we are continuing to enhance metropolitan access for our customers,'' said Jimmy Byrd, chief operating officer of 360networks. ``Through this agreement with Telseon, we can provide instant, pre- wired access to IP and Ethernet services on local networks in major cities.'' The companies plan to test the end-to-end services in selected cities in the United States and to expand into markets they both serve, such as Atlanta, Chicago, Los Angeles, Seattle and New York, throughout 2001 and 2002. The companies have also agreed to work together towards offering these services to international markets. About Telseon Telseon offers fast optical network services to enable service providers and their enterprise customers to break the bandwidth bottlenecks in the metropolitan area. Telseon's high-bandwidth IP services allow customers to extend their network reach to meet their data communications needs. With support from a number of well-respected venture capital and investment firms including Crosspoint Venture Partners, DLJ, The Goldman Sachs Group, Inc., Morgan Stanley Dean Witter, Pivotal Asset Management and Sevin Rosen Funds, Telseon is well positioned to change the way metropolitan bandwidth is acquired and delivered. The company is headquartered in Denver, Colorado, and can be reached at 866-TELSEON or on the Web at telseon.com.