360networks and Universal Access Sign Network Services Agreement Worth up to $25 Million - Brief Article

ISP Business, April, 2001

Universal Access Inc., a provider of network infrastructure services, and 360networks, a global provider of network services, announced an initial agreement enabling both companies to provide more broadband network connections to telecommunications, Internet, and application service providers in North America. The initial phase of the agreement is valued up to US$25 million. Upon completion of the initial phase, both parties have the opportunity to continue to expand their relationship.

This agreement will allow Universal Access to purchase capacity on 360networks' global network. The long-haul connectivity provided on this network will enable Universal Access to provide its carrier customers with network services on major routes between its Universal Transport Exchange interconnection facilities.

As part of the agreement, 360networks will obtain access through Universal Access' UTX interconnection facilities to capacity in metropolitan cities such as Chicago, Los Angeles, Miami, and New York. 360networks' presence in the UTX facilities, coupled with Universal Access' Universal Information Exchange databases, will allow 360networks to generate additional revenue from Universal Access' carrier and ISP customers.