360networks and Universal Access sign network services agreement worth up to $25 million

March 28, 2001
Mar. 28, 2001--Universal Access Inc., a provider of network infrastructure services, and 360networks, a global provider of network services, announced an initial agreement enabling both companies to provide more broadband network connections to telecommunications, Internet and application service providers in North America.

Universal Access Inc. (NASDAQ: UAXS), a provider of network infrastructure services, and 360networks (NASDAQ: TSIX and TSE: TSX), a global provider of network services, announced an initial agreement enabling both companies to provide more broadband network connections to telecommunications, Internet and application service providers in North America. The initial phase of the agreement is valued up to $25 million. Upon completion of the initial phase, both parties have the opportunity to continue to expand their relationship.

The agreement will allow Universal Access to purchase capacity on 360networks' global network. The long-haul connectivity provided on this network will enable Universal Access to provide its carrier customers with network services on major routes between its Universal Transport Exchange (UTX) interconnection facilities.

As part of the agreement, 360networks will obtain access through Universal Access' UTX interconnection facilities to capacity in metropolitan cities such as Chicago, Los Angeles, Miami and New York. 360networks' presence in the UTX facilities, coupled with Universal Access' Universal Information Exchange (UIX) databases, will allow 360networks to generate additional revenue from Universal Access' carrier and ISP customers.

About 360networks:

360networks (NASDAQ: TSIX and TSE: TSX) offers network services to telecommunications and data-centric organizations. For more information, visit www.360.net.

About Universal Access:

Universal Access is capable of interconnecting thousands of telecom networks so telecommunications, Internet and application service providers to speed the delivery of voice and data services.