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Technology Stocks : Voice-on-the-net (VON), VoIP, Internet (IP) Telephony -- Ignore unavailable to you. Want to Upgrade?

To: Frank A. Coluccio who wrote (2509)	2/22/1999 7:14:00 PM
From: Frank A. Coluccio	Read Replies (1) \| Respond to of 3178

PSINet To Add 200,000 More Ports This Year February 22, 1999 ALAMEDA, CALIFORNIA, U.S.A., Newsbytes via NewsEdge Corporation : PSINet [NASDAQ:PSIX] has announced plans to significantlyexpand its dial-up and voice Points of Presence (POP) network across the US, using hardware from Ascend Communications [NASDAQ:ASCD]. According to the Internet service provider (ISP), plans call for the firm to deploy around 50,000 voice ports and 150,000 dialup ports on its POP networks this year. The expansion, the ISP says, will allow it to enhance its range of voice over the Internet and conventional Internet services to subscribers. The move marries the ISP and Ascend even closer together, Newsbytes notes. For the network expansion, PSINet says it plans to deploy the Ascend Max TNT wide area network (WAN) switch and is currently working with Ascend to develop other advanced IP (Internet protocol) technologies. According to Harold (Pete) Wills, PSINet's president, the expansion of the ISP's network will help it meet the rapid growth in the US for Internet services, as well as the "tremendous promise of business- grade voice services over IP intranets." PSINet is currently undergoing a period of healthy growth. The ISP has agreed to purchase capacity on a fiber optic cable that runs from the UK to Japan, giving the firm a round- the-world loop that is being used to further integrate the company's Asian operations with its business in North America and Europe. At the time, PSINet officials said that the firm had completed a link with Fiberoptic Link Around the Globe (FLAG) to purchase currently activated STM-1 network capacity on a link that runs some 27,300 kilometers from Japan through Korea, China, Malaysia, Singapore, Thailand, India, the UAE, Egypt, Italy, and Spain to the UK. That deal gave PSINet 155 megabits per second (Mbps) of capacity under an indefeasible right of use agreement good for the life of the cable, which is expected to be about 24 years. The capacity is expected to be fully operational within the first quarter, officials said. PSINet's Web site is at psi.com . Reported by Newsbytes News Network, newsbytes.com . (19990219/Press Contact: Michael Binko, PSINet 703-904-4285 /WIRES ASIA, TELECOM, NETWORK/)