PSINet Inc. entered the Mexican ISP market Wednesday with the acquisition
of two privately held ISPs, Internet
de Mexico and DataNet.
The move establishes PSINet as the Mexico’s fourth-largest ISP and
furthers the company’s aim of landing in the top three in market share in all of the world’s leading global telecommunications markets. The
company now boasts presence in 14 of the top 20 markets.
PSINet’s purchase of the ISPs follows a month-long series of acquisitions
in Latin America, particularly in Brazil.
Mexico is the second largest telecommunications market in Latin America and
the 15th
largest in the world. Mexico City, where both ISPs are based, has
approximately 25 million
residents and accounts for 40 percent of computer ownership in the country.
“With approximately 4.2 million PCs in the country, and a healthy
economy, Mexico has the potential to grow as fast or faster than any other
country in the region,” said Harold Wills, PSINet president and chief operating officer.
As with all of PSINet’s recent purchases, ISP customers will now receive
all of PSINet’s services, including e-commerce, Web hosting, global
roaming, intranet, and other features.
Terms of the agreements were not disclosed.
