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Short Take: PSINet establishes subsidiary

Net access provider PSINet announced that it has established PSINet Telecom Limited. The wholly owned subsidiary will oversee its fiber and equipment, as well as an acquisition that will be sealed next quarter, giving the ISP a 622-mbps OC-12 backbone running from California to New York. PSINet Telecom has received a license from the FCC to provide international telecommunications services.

Net access provider PSINet announced that it has established PSINet Telecom Limited. The wholly owned subsidiary will oversee its fiber and equipment, as well as an acquisition that will be sealed next quarter, giving the ISP a 622-mbps OC-12 backbone running from California to New York. PSINet Telecom has received a license from the FCC to provide international telecommunications services.