is the parent company of Ebone, the original and most experienced data-only broadband optical and IP networking company in Europe.
and Global TeleSystems (Europe) Limited believe that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate.
Brian Thompson, chairman and chief executive officer of GTS, hosted the event at GTS European headquarters in London.
GTS, which already carries 25 percent of all IP transit in Europe on GTS Ebone, offers congestion-free Internet access; a full range of advanced services; unsurpassed content delivery; and extensive connectivity to millions of actual users--or customer `eyeballs.
That platform includes the largest pan-European fiber optic network, our GTS Ebone Internet backbone, and now our hosting and co-location facilities across Europe.
Today, GTS separately announced a European hosting and co-location agreement with Network Solutions, a VeriSign company and the leading provider of Internet locator services and the infrastructure that propagates this information throughout the Internet.
Our alliance with GTS
will help introduce converged voice and data services in Europe's explosive marketplace.
Web hosting centers will provide server co-location, dedicated and shared Web hosting, transit and e-commerce services to customers.
is the main bandwidth supplier for chello's European broadband network, AORTA(TM), which provides the backbone for chello's broadband Internet service as well as other UPC services.
As a result, for a smaller capital commitment than previously planned, GTS
will have a 50 percent interest in a venture that has nearly doubled in size and will also receive significantly more capacity for its own use than the original project plan would have provided, at a unit cost reduced by more than 50 percent.
Gerard Caccappolo, president of GTS
Carrier Services, commented: "The nature of Internet traffic in Europe is changing with a fast growth of real-time audio, streaming video and webcam usage.
89 shares of GTS
for each Esprit Telecom American Depositary Share (ADS).