Aleron Announces Internet Access Agreement with Hanaro Telecom.Business Editors/Hi-Tech Writers RESTON, Va.--(BUSINESS WIRE)--Nov. 6, 2001 Aleron, a global IP network services company based in Reston, Virginia Reston is an internationally known planned community whose goal was to revolutionize post-World War II concepts of land use and residential/corporate development in American suburbia. , announced today that it has signed a commercial agreement to provide high speed Internet access See how to access the Internet. services to Hanaro Telecom Hanaro Telecom, Inc. is a Seoul-based Korean telecommunications company, one of the largest providers of high-speed broadband internet access in South Korea. The company also is one of the largest telephone companies in South Korea, one of only two companies licensed to provide , Inc., the second largest broadband service provider An ISP, telephone company, cable company or other carrier that offers high-speed communications to homes and businesses, typically for Internet access. Cable modems, DSL and T1 lines are the common technologies. See broadband, cable modem, DSL and T1. in Korea. Aleron also announced the signing of an agreement with Hanaro by which the two companies intend to interconnect their advanced MPLS (1) (MultiProtocol Lambda Switching) The earlier name for GMPLS. See GMPLS. (2) (MultiProtocol Label Switching) A standard from the IETF for including routing information in the packets of an IP network. (Multi-Protocol Label Switching) enabled IP networks. This IP network interconnection will allow for the seamless provisioning of MPLS-enabled Guaranteed Bandwidth Connections, Internet access, IP VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. services and other enhanced QoS offerings. "Aleron values its business arrangement to provide high-speed Internet access and IP network services to a world-class telecommunications enterprise such as Hanaro," said Aleron CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Paolo Guidi. "Aleron's global IP solutions and content-intensive network are well aligned with Hanaro's leading broadband Internet, multimedia and data services position in Korea. We look forward to developing IP-based network interconnection initiatives that will benefit our respective customers. Aleron intends to forge multiple network interconnection arrangements such as this with network providers around the world." "We are very pleased to be working with Aleron," added Hanaro VP of Business Solutions Division Hong Yeol Joo. "Hanaro requires the most reliable and advanced high-speed Internet access services for our customers, and we are confident that our relationship with Aleron will serve our customers very well. We also look forward to jointly developing MPLS network interconnection arrangements which will strengthen the ability of Internet users in the US and Korea to exchange data faster and more efficiently." Reston-based Aleron was founded by a group of experienced industry executives with the goal of creating an advanced optical IP network that could provide next-generation services to customers on a global scale. Aleron's services include Internet access and private networks, as well as its innovative Guaranteed Bandwidth Connection service for advanced QoS and internetworking applications. Aleron provides IP network services to its broad range of customers, which includes major ISPs, Internet content providers and Fortune 500 companies. For more information on Aleron and its services, please visit www.aleron.com or send e-mail to info@aleron.com. Seoul-based Hanaro Telecom is the only CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) in Korea licensed to provide voice and data services as well as to build its own telecom network. |
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