CHICAGO, Nov. 3, 2010 (GLOBE NEWSWIRE) — Neutral Tandem, Inc. (NASDAQ:TNDM, news, filings), a leading provider of global interconnection services, announced today that it has connected its all-IP, MPLS network with Tinet’s global Ethernet network. The integrated networks can carry voice, video and data traffic worldwide, while operating as the largest Ethernet Exchange in the world.
“This represents the first major milestone tied to our integration efforts with Tinet and significantly enhances the value proposition of our global Ethernet Exchange service offering,” stated Surendra Saboo, President and Chief Operating Officer of Neutral Tandem. “By tying together our 14 sites in the US with Tinet’s 99 Ethernet-enabled PoPs, Neutral Tandem now offers the most accessible and robust Ethernet Exchange in the world with over 100 locations spread across three continents.”
With its unique networked approach, Neutral Tandem has shifted the market dynamics by interconnecting each one of its Exchange locations over its global IP MPLS network. With one connection to its Ethernet Exchange, customers can buy from and sell to every other member connected to any of its exchange Points of Presence (PoPs), whether in San Francisco, Singapore or any of its 100+ locations across the world. This solution enables service providers to easily discover and buy Ethernet services in markets outside their footprint. It also enables access providers to advertise their building lists to all service providers across Neutral Tandem’s network.
The networked approach is further complemented by leveraging Tinet’s extensive experience with delivering Ethernet and VPLS connectivity globally. “Tinet has been selling Ethernet connectivity in the wholesale market since its inception, and its backbone currently carries about 100 Gbps of point-to-point and point-to-multi-point Ethernet traffic on behalf of over 100 customers,” said Paolo Gambini, Head of Sales and Marketing at Tinet. “We believe that no other player in the Ethernet Exchange market can match our track record as far as Ethernet services delivery and support is concerned.”
Neutral Tandem’s Ethernet Exchange acts as a nexus for the Ethernet Community by enabling providers to interconnect with one another in a more efficient and simplified manner in over a 100 interexchange points across the world. To learn more about Neutral Tandem’s Ethernet Exchange, visit http://www.neutraltandem.com/prodServices/ethernet-exchange.htm.
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 Exchange or interconnection services, including but not limited to identifying, obtaining, operating and maintaining attractive network switch sites, equipment, software and business support systems such as our Ethernet Exchange web portal, the risk that our business and the Tinet business will not be integrated successfully, cost estimation errors or overruns, interconnection delays, material delays or shortages, our inability to obtain and maintain 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 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2010 and 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
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 and follow us on Twitter @NeutralTandem.
The Neutral Tandem, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3797
The Tinet logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7984
The Ethernet Exchange logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8217
CONTACT: Jaymie Scotto & Associates Media Contact: Ilissa Miller 1-866-695-3629 firstname.lastname@example.org Twitter: @NeutralTandem Neutral Tandem, Inc. Investor Contact: Jim Polson 1-866-268-4744