Genuity/Bechtel Expands its Network Reach and Redundancy With Acquisition of NAP.Net.SAN FRANCISCO--(BUSINESS WIRE)--June 2, 1997--Genuity, a leading provider of dedicated high-speed Internet See broadband. access solutions, today announced that it has signed an agreement to purchase NAP.net LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a Milwaukee, Wisc., based Network service provider (NSP (1) (Network Service Provider) An organization that provides a high-speed Internet backbone to ISPs and other service providers. Sprint, MCI and UUNET are examples of NSPs. See Internet backbones. ) serving regional ISPs in the Chicago and Milwaukee metropolitan areas. NAP.net's operations will benefit from Genuity's robust infrastructure, which NAP.net's network augments with a third backbone segment. Additionally, through NAP.net Genuity will expand its reach into new markets, including Seattle, Dallas and Minneapolis. Terms of the agreement were not disclosed. Genuity and NAP.net customers benefit "The ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. industry continues to change and consolidate at a frenetic rate. In this fast-paced environment, it is important that ISPs work together to meet their customers' needs," said T. Geir Ramleth, President 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. of Genuity. ""NAP.net gives us new presence in hot markets and additional backbone redundancy, while NAP.net's customers benefit from Genuity's national reach and resources." An excellent technology match NAP.net's network infrastructure ideally complements the Genuity network, which utilizes Internet backbone segments from providers Sprint and MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. . NAP.net's backbone connection is provided by LDDS See WorldCom. WorldCom, thus offering a third level of redundancy to Genuity's network. Should a backbone segment fail, two others are available on stand-by to ensure the uninterrupted flow of Genuity's traffic. NAP.net will operate autonomously "We have seen other acquisitions that have not transitioned smoothly, due to channel conflicts," Mr. Ramleth continued. "To ensure that NAP.net 's customers receive the same high levels of service while benefiting from Genuity's network resources, NAP.net will continue to operate autonomously." NAP.net will continue its tradition of flexible, personal service, meeting customers' needs with OC3, DS3, Ethernet, T1 and FDDI (Fiber Distributed Data Interface) Often pronounced "fiddy," it was a LAN and MAN access method that had its heyday in the mid-1990s. FDDI was an ANSI standard token passing network that transmitted 100 Mbps over optical fiber up to 10 kilometers. Internet connectivity, and services including equipment co-location, global IP transit, news feeds and other popular offerings. About Genuity Genuity is a subsidiary of Bechtel Enterprises, the development, financing, and ownership affiliate of the Bechtel organization. For nearly 100 years, Bechtel has provided engineering, construction and related management services to customers in some 140 nations on all seven continents. Genuity, formerly known as Internet Media Network, was formed in 1994 and offers Internet connection, data center, and integration services. With headquarters in San Francisco, Genuity also has data centers established in Chicago, Los Angeles, 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 , Phoenix, San Jose, Washington D.C. and London. Customers include c/net, CMP CMP (cytidine monophosphate): see cytosine. (1) (CMP Media LLC, Manhasset, NY, www.cmp.com) Part of United Business Media, CMP is a leading integrated media company that offers a wide variety of publications and services in the information Publications Inc. and MCA/Universal. For more information, please call 1-888-GENUITY, or visit the company's World Wide Web site located at http://www.genuity.net . About NAP.net NAP.net is a National Network Service Provider operating a robust DS3 ATM network who wholesales Internet access connections and services to local, regional and national ISPs, content providers, web hosting organizations and university consortiums. Unlike other Internet access providers, NAP.net focuses on the ISP community rather than the end user community. Founded in 1995, NAP.net serves the ISP market in Milwaukee, Chicago, San Jose, Washington, D.C. and Seattle. For information, please call 800.958.2945, or visit the company's World Wide Web site located at http://www.nap.net . CONTACT: Genuity, Inc. Ellen Heppner, 415/283-1338 eheppner@genuity.net or Nilles & Associates Kathy Nilles, 415/750-4330 knilles@genuity.net |
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