North American Internet service provider PSInet has accelerated its expansion into Europe with the purchase of two French corporate ISPs.
Customers of the two French ISPs - Lyon based Satelnet and Montreuil based Planete.net - will have access to PSInet's dialup and dedicated connectivity as well as a range of value added services.
Financial terms of the acquisitions were not disclosed.
PSInet's value added applications include ecommerce, security, Web hosting, global roaming, extranet services and voice over IP.
PSInet is in the process of expanding across Europe, including the upgrade of its current E3 infrastructure to three STM-1 level interlocking rings. The company expects its fibre network to cover 11 cities by the end of this year, including London, Amsterdam, Brussels and Paris.
"We intend to grow significantly throughout Europe, and France is a very important part of that strategy," said William Schrader, chief executive of PSInet in a statement. "PSInet's global network, combined with the technology and customer service expertise of Satelnet and Planete.net will serve the French market well."
At the end of last year, PSInet bought Dutch ISP USN/IXE, adding to its European presence in Belgium, France, Germany, Italy, Switzerland and the UK.
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