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PSINet Buys Trio of Latin American ISPs

PSINet Inc. Wednesday acquired three Internet service providers in Latin America.

The global carrier acquired SSD and Interserver in Buenos Aires, Argentina and GlobalNet in Rio de Janeiro, Brazil. All of the ISPs are privately-held companies that focus primarily on the business marketplace. Terms of the agreements were not disclosed.

SSD is one of the largest independent ISPs in Argentina offering dial-up and dedicated Internet access, and web hosting services. PSINet acquired its network from a central point-of-presence in Buenos Aires and 40 other POPs throughout the country.

Interserver also serves the Buenos Aires business marketplace with dial-up, dedicated, web hosting and collocation services. The Interserver deal is PSINet's (PSIX) fourth ISP purchase in Argentina.

GlobalNet serves the Rio de Janeiro metro area with three POPs and offers dial-up and dedicated access, web hosting, domain registration and network access. PSINet's acquisition of GlobalNet marks the company's eighth purchase in Brazil in less than a year.

Philippe Kuperman, PSINet Latin America president, said the addition of the ISPs management teams to the PSINet Latin American expansion plan solidifies both its network and operation centers.

"The acquisitions of these ISPs strengthens our position in both Argentina and Brazil, and continues our strong growth in the region," Kuperman said. "The management of these companies has a superb understanding of the corporate ISP market in their region and we look forward to integrating their talented teams into PSINet."

Once integrated within PSINet's global operations, the ISPs will have access to PSINet's full portfolio of dial-up and dedicated connectivity services.

PSINet operates in six countries in Latin America: Argentina, Brazil, Chile, Mexico, Panama, and Uruguay.



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