PSINet Buys Three Hong Kong ISPs
PSINet Inc. has acquired three more Hong Kong Internet companies and also announced today that it has signed a deal to buy dark fiber-optic strands in California. The Internet service provider (ISP) has bought SpiderNet, HugeNet and AsiaNet in Hong Kong, making it one of the largest ISPs in the Asia/Pacific region, following a flurry of other acquisitions in Japan, Korea and Hong Kong. PSINet did not disclose financial terms of the deals.