Time Warner Telecom Acquires Inc.Net

Time Warner Telecom Inc. Tuesday
acquired Internet Connect
Inc.,
a regional Internet service provider specializing in high-speed
commercial connectivity.

The acquisition of Inc.Net is a major step for Time Warner Telecom in
operating its own national IP backbone as TWT continues to tap the surging
telecommunications market for additional services, including Internet access.

Inc.Net serves business customers with local and wide-area networks
throughout the Midwest. It will become a wholly owned subsidiary of Time
Warner Telecom, remaining in Wisconsin and reporting to Alec Ellsworth, the
current president and CEO of Inc.Net. Financial terms of the acquisition
were not disclosed.

“This acquisition brings a very talented group of people to our company.
The Inc.Net team has and will continue to support the rapid deployment of
our Internet and data products including DSL services,” said Larissa Herda,
Time Warner Telecom’s president and chief executive officer.

“We will draw upon their expertise to design, implement and support basic
and advanced IP services,” Herda continued. “Through our fiber-based IP
backbone, we are adding full-service Internet access solutions to our
current suite of business telephony services, which includes local and long
distance telephone services, and dedicated data and voice transmission
services.”

“This transaction is a logical extension of the relationship that we’ve
built since 1996 with Time Warner Telecom’s Midwest region,” Ellsworth said. “We’ve become even closer in the last year as our team trained
Time Warner Telecom’s entire sales force to prepare for the national
rollout of Internet services. We’re confident that we will hit the ground
running and that our expertise will immediately add value to the product
line.”

Time Warner Telecom is a fiber-based competitive local exchange carrier
offering a business telephony services and high speed business Internet
access 19 U.S. cities. TWT plans to enter Jersey City and Dallas later this
year.

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