PSINet Enters Mexico
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The move establishes PSINet as the Mexico's fourth-largest ISP and furthers the company's aim of landing in the top three in market share in all of the world's leading global telecommunications markets. The company now boasts presence in 14 of the top 20 markets.
PSINet's purchase of the ISPs follows a month-long series of acquisitions in Latin America, particularly in Brazil.
Mexico is the second largest telecommunications market in Latin America and the 15th largest in the world. Mexico City, where both ISPs are based, has approximately 25 million residents and accounts for 40 percent of computer ownership in the country.
As with all of PSINet's recent purchases, ISP customers will now receive all of PSINet's services, including e-commerce, Web hosting, global roaming, intranet, and other features.
Terms of the agreements were not disclosed.