Jazztel plc (Nasdaq: JAZZ; Easdaq: JAZZ) and the Nuevo Mercado in Spain, a facilities-based telecommunications and Internet services provider that is constructing a fiber-optic telecommunications network to be a nationwide competitive local exchange carrier (CLEC) in Spain and Portugal, has signed a commercial agreement with NETS, a pan-European fiber-optic network operator and subsidiary of the Italian telecommunications group, Tiscali. This agreement has been signed as a one-year renewable contract and represents a considerable expansion for both companies' broadband networks.
According to the terms of the agreement, Jazztel will provide NETs with access to its Points of Presence (PoPS) in selected cities, so that they may install their services. In addition, the Spanish operator will offer NETs access to its main network in those areas in which NETS does not currently operate.
For its part, NETs will offer Jazztel connectivity between Madrid and London and on the London- Frankfurt route. This will optimize Jazztell's position vis-a-vis its connectivity between centers of international traffic.
Jazztel is a facilities-based telecommunications and Internet service provider that is constructing a fiber-optic telecommunications network to be the first Iberian competitive local exchange carrier (CLEC). Jazztel has over 4,200 kilometers of backbone fully operational as well as over 1,300 km of local access networks.
NETs, founded in January 1998, was the first European operator to construct a pan-European network based on Dense Wavelength Division Multiplexing (DWDM) with a Paris-London loop. The company sources and purchases fiber optics, and the company has developed full-service integrated product offering for complete point-to-point connectivity and warehousing.