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Technology Stocks : OpenROUTE Networks, Inc. (OPEN), formerly Proteon (PTON) -- Ignore unavailable to you. Want to Upgrade?

To: Mickey Szilagyi who wrote (39)	1/11/1999 12:03:00 PM
From: Toni Wheeler	Read Replies (1) \| Respond to of 139

PSIX + OPEN : <<<<PSINet Buys Fiber to Link Internets in Japan, China, Southeast Asia, India, Middle East, Europe and the UK; First ISP to Own Global Fiber Loop for Commercial Internet HERNDON, VA/LONDON/TOKYO--(BUSINESS WIRE)--January 11, 1999-- PSINet Inc. (NASDAQ: PSIX), the first and largest independent commercial Internet Service Provider (ISP), today announced it has completed an agreement with FLAG (Fiberoptic Link Around the Globe) Limited to purchase currently activated STM-1 (155 megabit per second -- Mbps) fiber optic network capacity. The FLAG cable, which stretches over 27,300km between Japan and the UK, also runs through the Republic of Korea, China, Malaysia, Singapore, Thailand, India, United Arab Emirates, Egypt, Italy, and Spain. The network capacity will be used to further integrate PSINet's operations in Hong Kong, Korea, Japan and the entire Asia/Pacific Region with PSINet operations in North America and Europe by creating a global network loop. With this acquisition, PSINet's international network becomes the first independent Internet network to fully circle the globe, serving customers on three continents. The agreement allows PSINet to purchase additional capacity quickly and to insert new connections anywhere along the cable's route to accommodate PSINet's future networks. The agreement provides PSINet with an immediate indefeasible right of use (IRU) on the STM-1 fiber capacity for the expected 24-year life of the FLAG cable. Other terms of the agreement were not disclosed. (article continues)>>>> I especially like "fully circle the globe"....OPEN will be there with 'em, IMHO!!!! T.