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To: Kenneth E. Phillipps who wrote (9225)1/11/2001 4:15:11 PM
From: Kenneth E. Phillipps  Respond to of 14638
 
GiantLoop Network Works With Nortel Networks to Bring Managed Optical Services to Global 250 Companies
Companies Co-Sponsor Five-City 'Business At Light Speed' Seminar Series
WALTHAM, Mass.--(BUSINESS WIRE)--Jan. 11, 2001--GiantLoop Network, Inc., the leader in Enterprise
Optical Networking services today announced an Enterprise Optical Networking alliance with Nortel Networks(a)
(NYSE/TSE:NT). Enterprise Optical Networking aggregates data and storage networking protocols over
fiber optic networks that span campus, metropolitan, and inter-city geographies and features Nortel
Networks industry leading OPTera Metro 5200. As part of this initiative, GiantLoop and Nortel
Networks are co-sponsoring a five-city seminar series, entitled ``business at light speed'' that highlights
the importance of managed optical services for enterprises.

``GiantLoop's Enterprise Optical Networking services are based on a comprehensive ''customer care``
methodology that includes professional services, interoperability testing facilities, deployment services, a
state-of-the-art Network Control Center (NCC), and a web portal for service measurement and management,''
said Cliff Hirsch, editor, Telecom Trends. ``This end-to-end coverage gives GiantLoop the right skills and services
to address the needs of Global 250 companies.''

``Our customers recognize that IP and storage related network barriers can have a profound impact on the top and
bottom line,'' said Mark Ward, president and chief operating officer at GiantLoop Network. ``GiantLoop offers the
right professional services, managed optical networking services, and support infrastructure to solve these
problems. Nortel's industry-leading DWDM technology platform and global infrastructure are a perfect compliment
to our customer-focused business approach.''

``Having conquered the long-haul optical requirement, Nortel Networks understands that the next challenge is to
bring the power of optical networks to metropolitan-based enterprise companies,'' said Brian McFadden,
president, Photonic Networks, Nortel Networks. ``GiantLoop recognizes enterprise customer needs, and has the
management experience, sales team, storage and data networking expertise, and focus to execute. By
utilizing Nortel's industry leading OPTera, GiantLoop is well positioned to bring superb solutions and
rapid business benefit to enterprise customers.''

``Business At Light Speed'' Road Show

On January 22, GiantLoop and Nortel will begin a five-city road show titled ``Business At Light Speed,'' designed
to educate Global 250 senior IT managers on the business and technical benefits of managed fiber optic networks.
The seminars will focus on eBusiness initiatives and Enterprise Optical Networking services and equipment.
Several presentations will highlight Optical Storage Networking (OSN), one of the most pressing optical
networking initiative that Global 250 companies face. Optical Storage Networking (OSN) merges storage
and fiber optic technology to enable extended-distance remote storage applications and ensure continuous business
operations. The event will feature presentations from Nortel Networks and GiantLoop executives, as well as a
keynote presentation from Steve Duplessie, senior analyst and founder of the Enterprise Storage Group.

The ``Business At Light Speed'' seminars are planned in Boston on January 22, New York on January 23,
Chicago on January 24, San Francisco on January 25, and Dallas on January 29. For more information about
``Business At Light Speed,'' email GiantLoop at events@giantloop.com.

About GiantLoop Network

GiantLoop Network is the first and only provider of Enterprise Optical Networking services for Global 250
enterprises. GiantLoop builds and manages fiber optic networks that aggregate data and storage networking
protocols that span campus, metropolitan, and inter-city networks and eliminate all network and storage bandwidth
bottlenecks. GiantLoop's AGILITY Professional Services provide a full portfolio of planning, design, and
implementation services that match business needs with the right optical network infrastructure. The company's
managed Enterprise Optical Networking services deliver seamless, scaleable, multi-protocol networking solutions.
GiantLoop is headquartered in Waltham, Mass., with offices in New York, Chicago, Dallas, and San Francisco.
For more information about GiantLoop, including white papers about Optical Storage Networking and Enterprise
Optical Networking, visit www.giantloop.com.

About Nortel Networks

Nortel Networks is a global Internet and communications leader with capabilities spanning Optical, Wireless, Local
Internet and eBusiness. The Company had 1999 U.S. GAAP revenues of US$21.3 billion and serves carrier,
service provider and enterprise customers globally. Today, Nortel Networks is creating a high-performance
Internet that is more reliable and faster than ever before. It is redefining the economics and quality of networking
and the Internet, promising a new era of collaboration, communications and commerce. Visit us at
www.nortelnetworks.com.

Note to editors: GiantLoop executives will be available for comment throughout the ``Business At Light Speed''
road show. To schedule an interview contact David Resnic or Laura Sexton at either 781-684-0770 or
giantloop@schwartz-pr.com.

(a) Nortel Networks is a trademark of Nortel Networks.
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