RealTime IT News

PSINet Enters Mexico

PSINet Inc. entered the Mexican ISP market Wednesday with the acquisition of two privately held ISPs, Internet de Mexico and DataNet.

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.

"With approximately 4.2 million PCs in the country, and a healthy economy, Mexico has the potential to grow as fast or faster than any other country in the region," said Harold Wills, PSINet president and chief operating officer.

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.