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Government Brokered Agreement with Global Crossing to Provide Key Links to Europe and United States

DUBLIN, July 5, 2000 - Formus Ireland has announced that it has signed an alliance agreement that will provide it access to 12 fibre-based STM-1 communications links. The landmark agreement will provide eight links from Ireland to Europe and four from Ireland to the United States, with a total capacity of 1,860 Gb/s. The Irish Government brokered the alliance agreement, with Global Crossing Network Center Ltd. and Global Crossing Ireland Ltd. providing the network capacity.

The links will form the basis of a Formus Communications pan-European backbone network. These critical international network connections, managed by Formus Ireland, will interconnect Formus Communications’ local networks throughout Europe and with the global Internet. The agreement includes provisions to increase capacity and reach in the future as needed. Financial terms of the agreement were not disclosed.

Specific European countries in which these gateways are to be located will be determined as licenses are awarded to Formus. Formus expects to have points of presence in numerous major European cities including Paris, Madrid, Amsterdam, Warsaw, Munich, Frankfurt, and London in the near future.

In September of 1999, the Office of the Director of Telecommunications Regulation awarded Formus a fixed wireless point-to-multipoint access license for Ireland. Formus Communications Ireland is a joint venture between Formus Communications Inc., headquartered in Denver, Colorado with regional offices in The Hague, Netherlands, and Dublin based European Access Providers Limited, which was established by brothers Rory and Charlie Ardagh.


About Formus Communications

Formus Communications is building broadband networks to provide its customers with high-speed Internet access, value-added Internet solutions, and local, national and international voice and multimedia services. Focusing on the European market, Formus Communications intends to use broadband access technologies including broadband wireless access (BWA), point-to-point microwave and digital subscriber line (DSL) for delivery of services. Formus Communications and its affiliates presently hold, or have been notified they will receive, telecommunications licenses or operating authority in nine European countries. Through an affiliate, Formus Polska Sp. Zo.o, Formus Communications was the first operating company in Europe to provide commercial millimeter wave broadband multipoint BWA service.

In Germany, Callino GmbH, a wholly owned Formus Communications operating subsidiary, holds licenses to provide competitive local exchange carrier (CLEC) services in both Austria and Germany, and has licenses to provide broadband wireless access services in Germany. Callino launched "Call by Call" services in Germany in 1999, and intends to deploy BWA services in Germany beginning this year. Callino has also won a nationwide 26 Ghz license in Switzerland during recent wireless local loop auctions.

In addition to its operations and licenses in Austria, Germany, Poland, Ireland, Norway, Finland, and Switzerland, Formus Communications is also part of the AbraRed consortium, which has a nationwide BWA license in Spain. In the United Kingdom, Formus Communications recently received a public telecoms operator license. Formus Communications is operating trial BWA projects in Belgium, France and Hungary under temporary governmental authority.

Formus Communications is also a shareholder in VeloCom Inc., an international communications company with fixed wireless interests in Argentina, Brazil, and Uruguay.

Visit Formus’ Web site at http://www.formus.net


For more information, please contact:

Judith Schunke/Marielle Bricman

Banner Corporation

++44 (0)20 7349 2200

formus@b1.com


Bernie Dvorak

Formus Communications

001 (303) 504-3200

bdvorak@formus.net

This press release was distributed by ResponseSource Press Release Wire on behalf of Banner Corporation plc in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.