Agreement will allow Universal Access to purchase capacity on 360networks’ global network

March 27, 2001

1 Min Read

CHICAGO and VANCOUVER -- Universal Access Inc. (NASDAQ: UAXS), a leadingprovider of network infrastructure services, and 360networks (NASDAQ: TSIXand TSE: TSX), a global provider of network services, today announced aninitial agreement enabling both companies to provide more broadbandnetwork connections to telecommunications, Internet and applicationservice providers in North America. The initial phase of the agreement isvalued up to US $25 million. Upon completion of the initial phase, bothparties have the opportunity to continue to expand their relationship.Today’s agreement will allow Universal Access to purchase capacity on360networks’ global network. The long-haul connectivity provided on thisnetwork will enable Universal Access to provide its carrier customers withnetwork services on major routes between its Universal TransportExchangeSM (UTXSM) interconnection facilities.

“360networks and Universal Access are both industry pioneers withcomplementary services,” said Robert Pommer, Universal Access vicechairman and president of client services. “Universal Access’ unmatchedexpertise in rapid provisioning of high-speed circuits will accelerate360networks’ ability to expand into key local markets. We believe thatthis is just the tip of the iceberg in forming a strong and ongoingrelationship with 360networks.”

http://www.360.net

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