LOW COST NET SERVICES TO LAUNCH IN NEW ZEALAND

Internet Business News
01-01-1996
PSINet and Clear Communications have signed a non-binding letter of intent to develop a joint venture to provide Internet access services in New Zealand. PSINet, a major US Internet service provider, should have a 45% stake in the new venture called Clear PSINet Ltd. Service is tentatively scheduled for launch during 1Q'96 although completion of the transaction was subject to the negotiation and execution of definitive agreements. The joint venture would connect the New Zealand network to the global PSINet infrastructure to support unlimited outbound and inbound Internet traffic to the rest of the world for New Zealand organisations and private individuals.



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