Short Take: PSINet to sell InterCon to Ascend

ISP PSINet announced it will sell InterCon Systems, its software subsidiary, to Ascend Communications in a cash deal. Terms of the transaction, which is expected to be completed in the first quarter, were not disclosed.

Paul Festa Staff Writer, CNET News.com

Paul Festa

covers browser development and Web standards.

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Paul Festa

Jan. 27, 1997 12:00 p.m. PT

ISP announced it will sell InterCon Systems, its software subsidiary, to Ascend Communications in a cash deal. Terms of the transaction, which is expected to be completed in the first quarter, were not disclosed.