PSINet Buys Nashville ISP

Fresh off a number of global acquisitions PSINet Inc. Monday acquired
independent Internet service provider Telalink Corp.

Financial terms of the acquisition were not disclosed.

PSINet (PSIX)
will gain more than 1,800 business clients from the
privately held ISP. Nashville, Tenn.-based Telalink will continue to operate as a PSINet company
and will maintain its local staff and key anagement. When the deal is
complete, the new company will be dubbed “Telalink, powered by PSINet.”

Thomas Conner, Telalink chief financial officer, has been named general
manager of the new operation. Conner said PSINet is a perfect fit for
Telalink and their customers.

“We’ve been approached by many potential buyers over the years, but we
chose PSINet because, like
Telalink, it’s an industry leader in providing the highest quality Internet
services for the business customer,” Conner said.

The acquisition of Telalink is part of PSINet’s global growth strategy,
which focuses on buying the leading local service providers across the
world rather than building new operations from scratch.

Rick Frizalone, PSINet president of the U.S.-Southeast region, said the
Telalink deal is a superb match for the global ISP they continue to grow in
their U.S. service base.

“The company understands the local market and has a solid base of loyal
business customers,” Frizalone said. “Telalink customers will now have the
additional advantage of our global network as we continue to expand our
U.S. operations.”

PSINet currently provides Internet access and Web services to more than
75,000 corporate customers in North America, Asia, Europe and South America.