Aleron Expands Network with Acquisition of Telia Internet, Inc.Business Editors/Hi-Tech Writers MCLEAN, Va.--(BUSINESS WIRE)--Oct. 3, 2001 Aleron, a privately-held global network provider based in McLean, Virginia McLean is an unincorporated community located in Fairfax County in Northern Virginia. A small geographic area along Chain Bridge Road in Arlington County has a 22101 zip code and is also part of McLean. , announced today that it has agreed to acquire Telia Internet, Inc. (TII TII The International Investor (web site) TII Transmitter Identification Information TII Tourism Intelligence International TII Total Inactive (Aircraft) Inventory TII Terminal Indicate Identity ). TII, 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. , is the US Internet backbone (communications, networking) Internet backbone - High-speed networks that carry Internet traffic. These communications networks are provided by companies such as AT&T, GTE, IBM, MCI, Netcom, Sprint, UUNET and consist of high-speed links in the T1, T3, OC1 and OC3 ranges. subsidiary of Telia AB. Aleron is financially backed by investment funds of Goldman, Sachs & Co., a global investment banking and securities firm. The TII acquisition is consistent with Aleron's plans to accelerate growth through strategic acquisitions. The TII backbone network, spanning the continental US, will provide Aleron with valuable capacity and points of presence. Aleron is developing a global Internet backbone network based on advanced network technology. "The acquisition of this Tier-1 network is a significant step towards positioning Aleron as a leader in the rapidly growing market for global Internet services," said Aleron Chairman and 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. "TII's network assets complement Aleron's strategy very well, and will contribute to Aleron's global reach and interconnectivity. Furthermore, we are delighted to establish a commercial relationship with a prestigious company such as Telia." The TII Internet network was ranked highest in performance among all backbone Internet providers in testing by Keynote Systems for the 2001 Boardwatch Directory of Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , achieving better results than nearly 40 other backbones. "Once Aleron's advanced MPLS-based network technology is implemented over the links of the acquired network, we're confident that the performance levels will be even greater," Guidi added. Aleron is a provider of Internet Protocol-based network solutions including Internet access, IP VPNs and private networks, and its innovative Guaranteed Bandwidth Connection (GBC GBC Game Boy Color GBC Global Business Coalition GBC Green Building Council GBC George Brown College GBC Great Basin College (Nevada) GBC General Binding Corporation GBC Greater Baltimore Committee GBC Goldey-Beacom College ) services to corporations, service providers and Internet content providers in the global market. For more information on Aleron and its services, please visit www.aleron.com or send e-mail to info@aleron.com. Goldman Sachs is a leading global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world. Web: www.gs.com |
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