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PSINet Adds Another ISP In Brazil

PSINet Inc. Monday continued its ISP buying spree in Brazil with the acquisition of STI, the fourth largest Brazilian ISP.

The move follows PSINet's April acquisition of Openlink (Rio de Janeiro) and Horizontes Internet (Minas Gerais), two other ISPs in Brazil. PSI now ranks as the third largest ISP in the country, up from fifth with the new purchase.

STI is based in Sao Paulo, the largest state in Brazil. The acquisition will add three points of presence to PSINet, bringing the worldwide total to 530 POPs.

"The growth of Internet usage, both corporate and consumer, in Latin America is enormous," said Harold Wills, PSINet president and chief operating officer. "With a population exceeding 35 million, Sao Paulo is a key market within Brazil. This acquisition reinforces our strategy to become one of the top three ISPs in each of the top twenty global markets."

Once integrated within PSINet, STI customers will have access to PSINet's services, including connectivity, electronic commerce, Web hosting, global roaming, intranet, voice-over-IP and others.

Terms of the agreements were not disclosed.