Creates the Largest Ethernet Exchange Network in the U.S.
Chicago, IL, October 6, 2010 – Neutral Tandem, Inc. (NASDAQ:TNDM, news, filings), a leading provider of interconnection services, announced today that it has launched eight additional Ethernet Exchange Points of Presence (PoPs), bringing all 14 of its previously announced Ethernet Exchanges to market. Following the launch of the company’s initial six Ethernet Exchanges in Atlanta, Boston, Chicago, Dallas, Los Angeles and New York, the company has now completed, ahead of schedule, the deployment of eight additional markets including Denver, Detroit, Houston, Miami, Philadelphia, San Francisco, Seattle and Washington D.C.
The launch of Neutral Tandem’s Ethernet Exchange in additional markets enables service providers to interconnect to Neutral Tandem in locations such as Boston, Denver, Houston, Miami, Philadelphia and Seattle. As a result, Neutral Tandem now offers its Ethernet Exchange service in more U.S. markets than any other Exchange operator. In addition, the recently completed Tinet acquisition bolsters the Ethernet Exchange addressable PoPs from 14 in the US to 99 worldwide, further complemented by Tinet’s ENNIs that provide connectivity to carriers in hard-to-reach countries.
“We are proud to be the first to offer Ethernet Exchange services in 14 locations,” said Surendra Saboo, President and COO of Neutral Tandem. “The scalability and cost efficiency of an Ethernet Exchange is accentuated with Neutral Tandem’s networked approach, where each exchange is interconnected with all of the other exchanges; thereby increasing the availability of service providers that can be connected to each other.”
“Ethernet Exchanges provide a common platform for Ethernet service providers to interconnect their networks and alleviate the formulation of lengthy ENNI agreements with each carrier they wish to connect to,” said Roopashree Honnachari, Sr. Industry Analyst, Business Communication Services, Frost and Sullivan. “Neutral Tandem’s 14 markets bring increased accessibility to its Ethernet Exchange service. That, combined with their networked approach creates a unique value proposition in the marketplace.”
Neutral Tandem’s initial 14 Ethernet Exchange markets are now available for service. To find out more about Neutral Tandem and its Ethernet Exchange, visit www.neutraltandem.com and follow the company on Twitter @NeutralTandem. Additionally, register to attend Light Reading’s Ethernet Expo Summit and join Neutral Tandem and Frost & Sullivan for ‘The Evolution of Ethernet Exchanges,’ webinar on October 26, 2010 at 11:30am ET.
Cautions Concerning Forward Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical fact, included in this press release regarding Neutral Tandem’s strategy, future operations, future financial position, future revenues, projected costs, prospects, plans and objectives of management are forward-looking statements. The words “anticipates,” “believes,” “expects,” “estimates,” “projects,” “plans,” “intends,” “may,” “will,” “would,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Neutral Tandem may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements Neutral Tandem makes. Factors that might cause such differences include, but are not limited to: risks associated with our ability to successfully develop and market Ethernet interconnection services, including but not limited to integrating successfully our Ethernet services with Tinet’s, identifying, obtaining, operating and maintaining attractive network switch sites, equipment and software, cost estimation errors or overruns, interconnection delays, material delays or shortages, our inability to obtain necessary third party rights or permits on a timely basis, if at all, and other factors, including the impact of regulation, many of which are beyond our control and all of which could delay or negatively affect our ability to offer or market this new service; and other important factors included in Neutral Tandem’s reports filed with the Securities and Exchange Commission, particularly in the “Risk Factors” section of Neutral Tandem’s Annual Report on Form 10-K for the period ended December 31, 2009, Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2010, as such Risk Factors may be updated from time to time in subsequent reports. Neutral Tandem does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
About Neutral Tandem, Inc.
Headquartered in Chicago, Neutral Tandem, Inc. provides voice, data and video interconnection services worldwide. Neutral Tandem recently acquired Tinet , a global carrier exclusively committed to the IP Transit and Ethernet wholesale market. The acquisition combines Neutral Tandem’s interconnection services for wireless, wireline, cable and broadband companies with Tinet’s global IP backbone. Collectively, Neutral Tandem provides voice, IP Transit and Ethernet solutions to carriers, service providers, and content management firms worldwide. With 14 Ethernet Exchanges, the company is now the largest Ethernet Exchange provider in the U.S., a top 10 global IPv4 backbone provider and the number one IPv6 network worldwide. Please visit Neutral Tandem’s website at: www.neutraltandem.com.
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