360networks and Universal Access Sign Network Services Agreement

CHICAGO, March 28 – Universal Access Inc., a provider of network infrastructure services, and 360networks, a 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 at $25 million.
The agreement allows Universal Access to buy 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 ExchangeSM (UTXSM) interconnection facilities. 360networks will obtain access through Universal Access' UTX interconnection facilities to capacity in metropolitan cities such as Chicago, Los Angeles, Miami and New York.