PSINet Acquires ISPs in US, Canada, Brazil

PSINet Inc. Monday announced the
acquisition of three more ISPs in North and South
America. The deals complete PSINet’s worldwide consumption of 29 ISPs this
year.

PSINet (PSIX)
acquired Quebec-based ISP TotalNet in
Canada. The deal adds another 60,000 dial-up customers to their subscriber
base and makes PSINet Canada the country’s largest independent ISP.

Jim Blaisdell, PSINet Canada president, said the move into Montreal
solidified PSINet’s dial-up access leadership in Canada.

“Quebec is an important market for PSINet and we are pleased that TotalNet
is joining us. TotalNet customers will have access to PSINet’s global
network and products,” Jim Blaisdell said. “As the winner of the Consumer’s
Choice Gold Award for Montreal’s best ISP, TotalNet obviously shares our
commitment to customer service.”

PSINet also picked up privately held TBA
Internet
of Brazil. The deal marks PSINet’s sixth acquisition of a
Brazilian ISP in five months. TBA Internet is the largest ISP in Brasilia,
the capital of Brazil, and adds a mix of corporate, government and home use
dial-up and Web hosting services.

Philippe Kuperman, PSINet Latin America president, said the Brazilian
acquisition cements another important step in solidifying PSINet’s service
to South America.

“This acquisition adds an important region to our operations, and opens the
opportunity for further growth in Central Brazil,” Kuperman said. “We are
very pleased that the talented team from TBA Internet will be joining
PSINet as we expand our services across Brazil.”

PSINet also announced the procurement of Internet Network Technologies, a Sacramento,
California-based ISP that serves the business community. The privately held
company offers dial-up access, Web hosting services and systems integration
capabilities.

Tom Leach, PSINet Western regional president, said landing the
business-based ISP is good news for PSINet’s business in Southern California.

“Internet Network Technologies is a superb match for us as we continue to
grow in California. The company understands the corporate market and has a
solid base of government and business customers,” Leach said. “Their
customers will have the benefit of additional products and services and our
global network.”

PSINet did not disclose the terms of the three new agreements.

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