Stockholm, Sweden - September 10, 2001 - Net Insight (SX: NETI B), a vendor of advanced real-time broadband technology, and Carrier1 International S.A. (Neuer Markt: CJN; NASDAQ: CONE), a Pan-European provider of end-to-end Internet, voice, bandwidth, data center and access solutions, have today signed an agreement to let their joint venture, ProStream, become a fully integrated business unit of Carrier1.
ProStream was formed to address the market for professional video services to TV- and production companies around Europe. Since the introduction of ProStream in February 2001, the company was owned 60 percent by Carrier1 and 40 percent by Net Insight. Carrier1 will now have full responsibility for ProStream´s operations, and will integrate the company into its existing organization. The latest ProStream solutions based on Carrier1´s pan-European fiber network and Net Insight´s DTM technology can be seen at the IBC 2001 in Amsterdam 14-18 September in hall 4, stand 340.
"The changed market conditions have contributed to a delay of our earlier announced service introduction. By integrating ProStream as a fully operational business unit of Carrier1 we will be able to benefit from synergies between customer segments and product lines and provide our service offerings in a more efficient manner. Besides benefiting from a stronger service portfolio, the integration of ProStream will simplify the customer relations since the service offerings by Carrier1 and ProStream have been partly overlapping", says Goran Forslund, Vice President at Carrier1.
"ProStream strongly contributed to Net Insight´s intensified commitment to the media network market. TV broadcasters and production companies around Europe are now aware that there is an alternative to satellite contribution and file transfer. With our support Carrier1 will be ready to offer them a cost efficient and comprehensive solution", says Thomas Duffy, CEO, Net Insight.
For further information, please contact:
Tomas Duffy, CEO, Net Insight AB. Phone: +46 8 685 04 00, e-mail: tomas.duffy@netinsight.net
Carl-Johan Blomberg, CFO, Net Insight AB. Phone: +46 8 685 06 20, e-mail: carl.johan.blomberg@netinsight.net
Goran Forslund, Vice President, Business Development, Broadband Products, Carrier 1.
Phone: +41 1297 2600, e-mail: goran.forslund@carrier1.com
About Carrier1
Carrier1 International S.A. is one of Europe´s top providers of large system solutions for end-to-end Internet, broadband, voice, data-centre and dialup access communications to large users of telecommunications services with a network that spans 14,000 contracted route kilometres in 13 countries, and links 35 European cities. Carrier1 provides its clients with carrier-grade transport and network solutions as well as end-user-ready, value-added services that customers then brand and market to their respective users.
About Net Insight
Net Insight develops and markets network switches for fiber-optic broadband networks. Using Net Insight solutions, operators can offer everything from new advanced real-time services to studio-quality video, and Internet communication to traditional telephony and data. The services can be supplied across one and the same infrastructure simply and cost-effectively. Net Insight has around 140 employees in Sweden and the USA. The company is listed on the Stockholm Stock Exchange. For more information, please see www.netinsight.net