PSINet Buys Three ISPs in Latin America

FORT LAUDERDALE, FLA. (03/08/2000) - PSINet Inc.'s hunger for Latin American ISPs appears insatiable, as evidenced by its latest buying spree in the region.

The company announced today it bought two ISPs (Internet service providers) in Argentina and one in Brazil. In the past 10 months, PSINet has bought 20 ISPs in Latin America, where the company now has some 900 employees. In addition to Argentina and Brazil, PSINet also operates in Chile, México, Panamá and Uruguay.

PSINet bought GlobalNet, which serves Rio de Janeiro; Interserver, which covers Buenos Aires; and SSD SA, which offers service in Buenos Aires and in other parts of Argentina.

GlobalNet is PSINet's eighth ISP in Brazil, while the Argentina ISPs bring the total in that country to four, the company said.

These three ISPs offer a variety of Internet access and Web services, and all plan to expand their service portfolios once their operations are integrated with those of PSINet, the company said.

GlobalNet is at http://www.gbl.com.br/. SSD is at http://www.ssdnet.com.ar/.

Interserver is at http://www.interserver.com.ar/. PSINet, in Herndon, Virginia, is at +1-800-799-0676 and at http://www.psinet.com/.

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