InterXion To Build Internet Exchanges

Largest private investment ever for neutral European Internet infrastructure company

February 2, 2000

1 Min Read

InterXion (pronounced Inter-Action) received more than 100 million Euro (US$97 million) in new financing to build neutral Internet Exchange Centers in 11 European cities.

The facilities will provide connectivity and switching between ISPs, e-commerce providers and telecommunications companies.

InterXion will also offer its customers a Virtual Dealing Room for buying/selling bandwidth and telecom minutes. InterXion currently operates its "carrier hotels" in Amsterdam, Frankfurt, London and Paris. The new financing came from Baker Communications Fund, Bear Stearns Merchant Banking, Fleet Equity Partners, Morgan Stanley Dean Witter, Residentie Investments and Paribas Deelnemingen N.V.

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