Agreement Combines Tyco Global Network’s Global Reach with FiberNet’s Metro Connectivity Service Offerings in New York Metropolitan AreaMORRISTOWN, N.J. - July 7, 2004 --
Tyco Telecommunications, a leading provider of international wholesale capacity, managed services and colocation space on the Tyco Global Network (TGN), today announced that it has entered into a non-exclusive Cooperative Services Agreement (CSA) with FiberNet Telecom Group, Inc. (FiberNet, NASDAQ: FTGX), a leading provider of managed network services. Under the terms of the agreement, Tyco Telecommunications and FiberNet will combine resources to provision, operate, market and sell trans-Atlantic DS-3 telecommunications services, linking New York to London. Additionally, to complement this new offering, FiberNet will provide E-1 trans-Atlantic telecommunications services.
Tyco Telecommunications will provide direct connectivity between 60 Hudson Street in New York City and Telehouse East in London using the TGN trans-Atlantic cable. Further extending TGN’s reach, FiberNet will provide metro network connectivity for key telecommunications carrier hubs in New York City to exchange traffic for network carriers and enterprise customers.
The benefit of this agreement to customers is that they can now obtain through one point of contact fast, custom-designed high band-width telecommunications services within and between two of the world’s key markets -- New York and London.
“As a leading provider of global communications, Tyco Telecommunications continuously looks for ways to effectively satisfy a broader array of customer requirements,” stated Eric Gutshall, executive director of capacity sales at Tyco Telecommunications. “We are excited to strengthen our relationship with FiberNet, a world class provider of metro services. This alliance enables Tyco Telecommunications to expand our service offering portfolio to provide our customers with innovative and cost-effective solutions. This cooperative effort is a winning scenario for all involved. Tyco Telecommunications wins, FiberNet wins and most importantly, our customers win.”
John P. Dowd, vice president of business development for FiberNet, said: “FiberNet has experienced great success in penetrating the international market with our intense focus on offering managed network services. We are enormously pleased to expand our relationship with Tyco Telecommunications, a premier provider of advanced global broadband communications solutions. This collaboration will deliver FiberNet’s international customers a value-added, end-to-end solution to facilitate their network service requirements.”
Director of Marketing & Strategic Planning
1 973 656 8331
FiberNet Telecom Group, Inc.
Norma I. Salcido
Director, Marketing and Communications
1 212 405 6210
ABOUT TYCO TELECOMMUNICATIONS
Tyco Telecommunications, a business unit of Tyco Electronics, one of the major business segments of Tyco International Ltd. (NYSE: TYC, BSX: TYC), is one of the world’s largest providers of advanced global broadband communication solutions. The company sells secure city-to-city capacity services, colocation and managed services on its global fiber optic network – Tyco Global Network (TGN), which connects key telecom and business markets in Asia, Europe and the USA. Tyco Telecommunications offers a portfolio of global wholesale capacity services to carriers, ISPs, content providers, broadband service providers and large multi-national corporations. It is also the world’s only fully integrated supplier of transoceanic optical networks. For more information on Tyco Telecommunications, visit www.tycotelecom.com or www.tycoelectronics.com .
ABOUT FIBERNET TELECOM GROUP, INC.:
FiberNet Telecom Group, Inc. (NASDAQ: FTGX) deploys, owns and operates fiber-optic networks designed to provide comprehensive broadband connectivity to other telecommunications service providers for their data, voice and video transmissions. FiberNet’s networks provide an advanced, high bandwidth, fiber-optic solution to support the demand for network capacity and to facilitate the interconnection of multiple carriers’ networks. FiberNet’s primary business is to provide optical and electrical broadband circuits within and between carrier hotels, which are industrial buildings where service providers house their communications equipment to exchange and route communications traffic. FiberNet’s networks support multiple domestic and international transmission protocols including synchronous optical network, or SONET, synchronous digital hierarchy, or SDH, Ethernet, and Internet Protocol, or IP, and can deliver broadband connections with bandwidth ranging from 1.5 megabits per second to 10.0 gigabits per second, as well as optical wavelengths. FiberNet currently operates primarily in the two gateway markets of New York and Los Angeles, focusing its services in the local loop of major metropolitan areas. FiberNet also provides project management services for connectivity outside of its core metro markets through its Network Solutions Initiative. For more information on FiberNet, please visit the Company's website at www.ftgx.com.