360networks

360networks Deploys Global High Performance IP Network
Based on Cisco's latest Multi-Protocol Label Switching (MPLS) technology

Vancouver, (ots-PRNewswire) - 360networks today announced it is deploying the highest performance MPLS-based global IP network, using Cisco's latest MPLS (Multi-protocol Label Switching) technology. MPLS is a technology that brings the engineering capabilities of ATM to packet networks by tagging IP packets with "labels" that specify a route and priority. By eliminating the need for routers to perform an address lookup for every packet, MPLS speeds packets to their destination with greater efficiency. Edge routers assign a label to an IP packet as it enters the core of the network. From there, MPLS-compliant devices along the way simply look at the label information to switch the packet to its destination. Less route processing results in networks with lower latency and greater scalability. "Our advanced MPLS-based IP network positions us as a clear leader in global, wholesale IP transport services," said Stephen Baker, chief technology officer of 360networks. "It enables us to provide faster, lower cost and more reliable services for all types of applications from frame relay and ATM alternatives to IP virtual private networks, voice over IP and streaming media." "With the launch of this global network, 360networks will be able to offer their customers a highly competitive level of service," Kevin Kennedy, senior vice president, Service Provider Line of Business at Cisco Systems. "This next generation network will enable them to deploy full end-to-end solutions on a worldwide scale." Using an optical mesh network and Cisco's 12000 Series router platform, 360networks is eliminating the need to deploy an ATM (asynchronous transfer mode) network. This will allow the company to avoid the capital costs other carriers face as they upgrade their older networks, and reduce operating costs by eliminating the need to manage multiple network layers. Baker added: "Using this network architecture and technologies, we believe that we will have the lowest cost global IP network." Using MPLS will also allow 360networks to offer IP services with carrier- grade Quality of Service guarantees. Traditionally, these levels of QOS were only available with other protocols that were less efficient due to their higher network overhead. The IP network will be IPv6 ready, making 360networks the first global carrier to support this latest generation of Internet protocol. About 360networks 360networks (NASDAQ: TSIX and TSE: TSX) offers broadband network and co- location services to telecommunications and data-centric organizations. 360networks is developing one of the largest and most technologically advanced fiber optic mesh networks in the world. By mid-2002, the planned network will span 142,000 kilometers (88,000 miles) and link more than 100 major cities with terrestrial routes and submarine cables joining North America, South America, Asia and Europe. 360networks is also developing nearly 3.7 million square feet of network co-location space. More information is available at www.360.net. Forward looking statements: This document may contain statements about expected future events and financial results that are forward looking in nature, and, as a result, are subject to certain risks and uncertainties. Scheduled completion of network segments may not be met because of factors, such as construction, permitting or licensing delays. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbor for "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. ots Original Text Service: 360networks Internet: www.newsaktuell.ch Contact: Michelle Gagne, Director of corporate communications, 360networks, Tel. +1-(604)-648-7703, E-Mail: michelle.gagne@360.net or Nancy Bacchieri, Director of investor relations, 360networks, Tel. +1-(206)-239-4064, E-Mail: Ir@360.net.

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