Thursday July 23, 3:54 pm Eastern Time
Company Press Release
SOURCE: PSINet Inc.
PSINet Limited And Ericsson Communications Inc. Sign Canadian Strategic Alliance
Alliance to Improve and Increase Customer Access to Leading Internet Technology and Services
TORONTO, July 23, /PRNewswire/ -- PSINet Limited of Toronto, Ontario, a wholly owned subsidiary of PSINet Inc. (Nasdaq: PSIX - news), and Ericsson Communications Inc. of Mississauga, Ontario, a wholly owned subsidiary of LM Ericsson (Nasdaq: ERICY - news) today announced the signing of a strategic alliance agreement to work in close cooperation to improve and increase access to leading Internet technology and services. Ericsson Communications Inc. and PSINet Limited will continue to operate independently.
Ericsson Communications and PSINet Limited will work together to provide corporations and government bodies with Internet Protocol (IP) based or IP enabled complete electronic commerce, communications and business solutions. PSINet Limited will support this alliance with its Internet communications, web hosting, and applications services. Ericsson will contribute its expertise in the design, integration, and support of IP based business solutions.
''This alliance will further enhance our ability to provide innovative solutions to the market in the areas of voice, data, image and video communications which define our business,'' said Brian Barry, President and CEO of Ericsson Communications Inc. ''Our mission is to understand our customers' opportunities and needs and to provide superior communications solutions. The combined strength and technological creativity of PSINet and Ericsson promises to bring new benefits to the customers of both companies.''
''We believe this alliance with Ericsson will provide PSINet customers with additional value-added service options, and will help PSINet grow its business across Canada,'' said Nadir Desai, President and CEO of PSINet Limited.
The agreement will benefit both Ericsson and PSINet Limited customers with rapid deployment platforms for new services and IP telephony solutions. PSINet Limited plans to introduce Ericsson's Phone Doubler(TM) technology later this year as a step in this direction. This service will allow our residential Internet users to make and receive phone calls while logged onto the Internet without the need for a second phone line.
''PSINet is committed to continually improving the range and quality of Internet solutions we offer our corporate and residential customers to help them expand their on-line capabilities,'' said Bryan Boyd, Vice President Sales and Marketing of PSINet Limited.
About Ericsson
Ericsson Communications Inc. is a subsidiary of LM Ericsson, Sweden. Its R&D centre in Montreal has the worldwide mandate for software development for the global wireless standard, D-AMPS/AMPS. Its Mississauga office serves the Canadian market by providing complete information and communication solutions for its customers, which include cellular/PCS systems, mobile phones, private radio systems, data systems, enterprise networks and infocom networks which include Internet-based solutions. Ericsson employs over 1,400 people across Canada, and has offices in Montreal, Mississauga, Burnaby, Ottawa, Calgary, Fort McMurray and Waterloo. For further information, please visit ericsson.ca
Ericsson's 100,000 employees are active in more than 130 countries. Their combined expertise in fixed and mobile networks, mobile phones and infocom systems makes Ericsson a world-leading supplier in telecommunications.
About PSINet
PSINet Limited, established in 1996 with headquarters in Toronto, is Canada's largest independent Internet service provider. PSINet Limited provide Internet connectivity to small and medium-sized businesses across Canada, and residential dial-up services through the iSTAR brand. PSINet Limited also offer a full suite of turn-key Internet and intranet services, including electronic commerce solutions, Web hosting, remote access for traveling employees, security services, and server co-location. For further information, please visit
psi.ca.
PSINet Inc. manages one of the world's largest and most advanced fast- packet networks to provide state-of-the-art, high-speed Internet access ranging from dedicated high-speed circuits to ISDN to high-speed modem dial- up. PSINet Inc. backs up its state-of-the-art network with the industry's original service guarantee, employing automatic back-up systems and crediting for service outages.
Headquartered in Herndon, Virginia, PSINet Inc. has offices throughout the U.S. and subsidiaries in Canada, Japan and Europe,
including Belgium, France, Germany, the Netherlands, Switzerland, and the U.K. PSINet Limited is a wholly owned subsidiary of
PSINet Inc. For further information, please visit psinet.com.
PSINet and the PSINet logo are trademarks of PSINet Inc. which are used under license by PSINet Limited. Phone Doubler is a
trademark of Telefonaktiebolaget LM Ericsson (publ.).
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