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PSINet Acquires Quebec ISP

PSINet Ltd., a wholly owned subsidiary of PSINet Inc., is expanding in Quebec with acquisition of Mlink Inc., a privately held ISP based in Montreal.

The acquisition will provide Mlink's business customers with access to the global PSINet network. Through the acquisition, PSINet gained new DSL technologies that can be rolled out to businesses in Montreal. Mlink's Montreal office will become the Quebec headquarters for PSINet Ltd.

"Our global strategy, as an Internet super carrier includes offering new and innovative technologies over our own infrastructure in the world's top markets. The acquisition of Mlink delivers on this strategy," said Jim Blaisdell, president and CEO of PSINet Ltd. "Mlink provides us with an expanded customer base and new DSL technologies, increasing our service offerings for Canadian businesses, in one of our largest markets."

Mlink's corporate customers, such as the Montreal Expos, Astral Communications, Motion International, broadcasters CKAC 730, CITERock-Détente, Mix96, and CHOI 98 UN, and Quebec's largest portal site La Toile du Québec will be able to take advantage of PSINet's global network and services.

PSINet offers a global e-commerce infrastructure through wholly-owned subsidiaries. Services are provided on PSINet-owned and operated fiber, satellite, Web hosting and switching facilities providing direct access in more than 800 metropolitan areas in 22 countries on five continents.



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