Canadian carrier Primus acquires wireless internet access and data networks provider

December 2, 2003

2 Min Read

TORONTO -- PRIMUS Telecommunications Canada Inc. (PRIMUS Canada), a wholly-owned subsidiary of McLean, Virginia-based PRIMUS Telecommunications Group, Incorporated (Nasdaq: PRTL), today announced that it has acquired the business of MIPPS, a Markham, Ontario based wireless Internet service provider.

MIPPS is a pioneer in the provision of wireless high speed Internet access and related data services to businesses and educational institutions in the Greater Toronto Area (GTA). This acquisition adds MIPPS's extensive wireless network coverage in the GTA along with its recognized strength in providing very high bandwidth and private data network services to PRIMUS Canada's existing network to support a full suite of leading edge communication solutions for the business market. PRIMUS Canada is an established leader in voice and data services, and the largest alternative communications carrier in Canada.

"This new wireless capability allows us to provide unmatched service and price options to our customers. This further expands PRIMUS Canada's presence in the data market, extending our high speed Internet access services to reach areas where affordable wireline based high speed services are not available," said Ted Chislett, President and Chief Operating Officer of PRIMUS Canada. "The decision to join the two companies was a strategic move which strengthens our position as a total service provider. Our market position along with continued strong financial performance has enabled us to make a number of strategic acquisitions which have enhanced our ability to deliver value-added services to our business customers and further grow our market share."

PRIMUS Canada has been offering wireless high speed Internet services in selected areas within the GTA for a number of months. This acquisition makes it possible for PRIMUS Canada to expand quickly that service offering by leveraging MIPPS's extensive knowledge, experience and network coverage.

Formed in 1997, MIPPS was a pioneer in providing wireless high speed Internet access and has been a dominant provider of those services in the GTA with a strong market share and impressive client base. "We expect MIPPS and PRIMUS customers will view this as an extremely positive move, as it expands the depth and breadth of products and services both companies can offer," said Sharon Vinderine, former President of MIPPS, who has assumed a senior role at PRIMUS Canada. "PRIMUS Canada brings our customers a host of new business- class services, as well as the reliability and robustness of the PRIMUS Canada network which has a national and global reach."

Primus Telecommunications Canada Inc.


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