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ENRON BROADBAND SERVICES ANNOUNCES EXPANSION TO EUROPE
FOR IMMEDIATE RELEASE: Monday, July 17, 2000
LONDON -- Enron Broadband Services, a wholly owned subsidiary of Enron Corp., announced today that it has introduced its broadband application services and wholesale bandwidth products in Europe. In addition, Enron has appointed Steven Elliott as president of Enron Broadband Services’ European operation, which is based in London, and initially has approximately 50 employees.
Enron has extended the reach of its secure, highly scalable broadband network into Europe. The Enron Intelligent Network enables businesses and Internet content and service providers to enrich the desktop experience by ensuring the high quality, end-to-end delivery of broadband content.
Enron is offering new applications services to the European market, including the transport of rich media and streaming video to the desktop at high speeds with guaranteed high quality of service (QoS). Enron recently provided webcast coverage of the Wimbledon Championships, via the Wimbledon channel, delivering more than 200,000 streams to viewers in 99 countries.
Enron also provides bandwidth products and services to wholesale and enterprise customers in the region. As part of its plan to create a bandwidth trading market, Enron has installed and is testing a pooling point in London to facilitate bandwidth trading inter-continentally between the United States and Europe. Pooling points provide the physical interconnectivity between bandwidth trading principals. Enron is developing pooling points in Amsterdam, Frankfurt and Paris. Enron will have at least 13 pooling points in operation in major U.S. cities by the end of 2000.
“The European market is progressive in its approach and receptivity to the Internet and is a logical step in our global broadband expansion plans,” said Joe Hirko, chief executive officer of Enron Broadband Services. “While our service offerings resemble those in the U.S., we are tailoring our solutions to the unique needs of our European customers. By leveraging Enron’s existing presence in Europe, we will be well positioned to provide valuable services to customers.”
Editor’s Note
Enron Broadband Services is a leading provider of high quality, high bandwidth delivery and application services. The company’s business model combines the power of the Enron Intelligent Network, Enron’s Broadband Operating System, bandwidth trading and intermediation services, and high-bandwidth applications to fundamentally improve the experience and functionality of the Internet. Enron’s Broadband Operating System allows application developers to dynamically provision bandwidth on demand for the quality of service necessary to deliver broadband content. Enron is also creating a market for bandwidth that will allow network providers to scale to meet the demands required by increasingly complex applications. Enron Broadband Services can be found on the Web at www.enron.net.
Enron's European activities began in 1989 and are headquartered in London. Today the company employs more than 2000 people across Europe with principal offices in Frankfurt, London, Oslo, Moscow and Madrid. Enron is a leading participant in the liberalised UK and Nordic energy markets and is the leading new entrant in the rapidly liberalising continental European markets. Natural gas and electricity marketing businesses are supported by power stations developed, owned and/or operated by Enron in Croatia, Italy, Poland, Turkey and the UK, including the world’s largest privately-owned CCGT combined heat and power plant, the 1875 MW Teesside station in the UK.
Enron is one of the world’s leading electricity, natural gas and communications companies. The company, which owns approximately $37 billion in energy and communications assets, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide, delivers physical commodities and financial and risk management services to customers around the world, and is developing an intelligent network platform to facilitate online business. Fortune magazine has named Enron “Most Innovative Company” for five consecutive years, the top company for “Quality of Management” and the second best company for “Employee Talent.” In addition, Enron ranks in the top quarter of Fortune's “Best 100 Companies to Work For in America.” Enron’s Internet address is www.enron.com. The stock is traded under the ticker symbol “ENE.”
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For additional information please contact:
Shelly Mansfield
Enron Broadband Services
001-713-853-4589
shelly_mansfield@enron.net
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