Terremark Says Focus To Shift To Nap Stations
Written by Paola Iuspa on January 18, 2001
By Paola Iuspa
Terremark Worldwide officials are getting out of the telcom-hotel business to focus on establishing Internet network access points, company officials say.
Terremark owns and operates in Miami a network access point, or NAP — a major interconnecting point for the Internet.
The NAP, the fifth Tier 1 type carrier in the US, will be on the second floor of a six-story building called Technology Center of the Americas, 50 NE Ninth St.
It is now under construction and due to open by mid-year.
"We want to exit all lines of business not directly related to the company’s core business, which is complete the NAP of the Americas’ TerreNAP Data Center and deploy similar NAPs in Latin America and Asia," said Sandra Gonzalez-Levy, spokeswoman for Terremark.
She said Terremark will handle leasing for the building, where each floor has optical switching technology and fiber-optics to serve Internet companies.
Other Tier 1 NAPs in the US are in Chicago, Newark, San Francisco and Washington, DC.
The NAP of the Americas is a consortium of 84 cable telecommunication companies, most of them with offices in Miami, Ms. Gonzalez-Levy said.
Telcom Routing Exchange Developers, or T-Rex, created under the wing of Terremark and in charge of the real estate aspect of the new center, will now own the rights to finish the Technology Center of the Americas building and build future telcom-hotel properties.
"The agreement between Terremark and T-Rex is excellent for all parties involved," said Manuel Medina, chairman and CEO of Terremark. "It is a major step in Terremark’s plan to exit from ancillary business activities. It allows T-Rex to focus all of their attention pursuing the business they founded, the development of high end, T-Rex brand telcom hotels."