euNetworks chosen by Concord Investmentbank

Telecomworldwire, June 25, 2008

TELECOMWORLDWIRE-25 June 2008-euNetworks chosen by Concord Investmentbank(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

euNetworks (SGX: H23.SI), the owner and operator of a high capacity fibre network in Europe and a provider of communication infrastructure and services, announced on Tuesday (24 June) that it has concluded an agreement with German investment bank Concord Investmentbank AG (Concord).

Under the terms of the agreement, euNetworks will deploy ether|nex, its Ethernet-based networking solution, to connect Concord's various corporate sites across Frankfurt, Germany.

According to the company, euNetworks has enabled Concord with ether|nex, a high availability 1Gb Ethernet solution for the real-time sharing of applications and rapid transfer of data. The solution is deployed over euNetworks' all-fibre optic network, providing the bank with a secure and scalable platform to ensure mission critical trading conditions for its expanding customer base.

ether|nex is euNetworks' Ethernet solution designed for companies that need to link multiple offices, locations or exchanges for the real-time sharing of applications, rapid transfer of data or the storage and replication of mission critical information. It is deployed on dedicated fibre, connecting 15 of Europe's largest cities across five countries, the company claims.

No financial details were disclosed.

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