Compaq has sold its Palo Alto Internet Exchange to Abovenet for $75 million.
Compaq inherited PAIX when it acquired Digital last year and is the only commercial Internet Exchange in the US which not owned by a telco.
Abovenet, which offers services that speed up data transfer over the Internet, will pay $70 million in cash and has agreed to provide certain ongoing services to Compaq, valued at $5 million.
PAIX will be operated as a separate company, retain its current management team and have its own board of directors. It will however be renamed the Public Access Internet Exchange.
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