SOURCE: RCN Metro

RCN Metro

November 30, 2009 08:00 ET

RCN Metro Optical Networks Announces That Telx Is Part of RCN Metro Optical Networks' Exclusive, Low Latency Financial Services Network

Addition of a Leading Interconnection and Colocation Data Center Operator Enhances Industry's First, Large-Scale Financial Services Network

HERNDON, VA--(Marketwire - November 30, 2009) - RCN Metro Optical Networks, a division of RCN Corporation (NASDAQ: RCNI) and a premier provider of fiber optic-based network solutions, announced today direct connection of its low-latency financial services network (Xtreme Network) to Telx's Financial Business Exchange (FBX) at 100 Delawanna Ave in Clifton, N.J. with access to Telx's suites at 111 8th Avenue in New York City, as well as other sites. RCN Metro's Xtreme Network connects major colocation facilities and financial exchanges across the New York and New Jersey regions.

"We're proud to welcome Telx's Clifton facility onto the industry's first, large-scale, low-latency network designed exclusively for the financial services community," said Felipe Alvarez, President, RCN Metro. "RCN Metro enjoys a long-standing reputation for excellence at addressing the unique requirements of the financial services industry, and we're excited to enhance our capabilities with direct connectivity to Telx colocation data centers."

Telx, one of the leading domestic interconnection and colocation data center operators, offers ultra low latency connectivity, proximity hosting, and direct market access to the global financial marketplace. Their FBX facilities provide financial service customers with the speed, resiliency, and security needed to excel in today's markets. The high capacity and high availability of the RCN Metro financial services ring provides Telx capital markets clients with the most reliable, dense, high-capacity network available today and one designed to meet these clients' future requirements.

"Being part of RCN Metro Xtreme Network allows us to augment our abilities to address the challenges facing financial services firms today," said Carl Nerup, Vice President of Corporate Business Development from Telx. "We are committed to bringing our clients state-of-the-art technology solutions that improve business growth opportunities now and in the future and this network allows us to do just that."

RCN Metro's high capacity, high availability network ring features a state-of-the-art ROADM/DWDM-based core infrastructure, and initially offers a capacity of 88 40 Gig channels with growth to 100 Gig channels. Unlike other commercial networks, this ring has the ability to keep traffic within New Jersey or extend out into New York, based on a customer's specific requirements for exchange connectivity. Many service providers may claim to have networks specifically for Financial Services, but no other networks offer the guaranteed low latency and the degree of connectivity to all the major financial exchanges and colocation centers that are available with this network.

Additional colocation facilities on the financial network ring include RCN Metro's state-of-the-art, high-density colocation facility located at 165 Halsey Street in Newark, NJ as well as other colocation provider facilities.

To learn more about RCN Metro's financial services network ring, please call 888-955-6877.

About RCN Metro Optical Networks

RCN Metro, http://www.rcnmetro.com, is a premier provider of high-capacity transport services for carriers as well as large and medium-sized businesses. RCN Metro offers a comprehensive suite of services including: Ethernet, SONET, Wavelength, Video Transport, Internet and more. With a network leveraging unique rights-of-way, spanning from Maine to Virginia and out to Chicago, RCN Metro deploys custom solutions to service providers as well as companies in the finance, hospitality, media, government, health care and education industries. RCN Metro is a wholly owned division of RCN Corporation.

About RCN Corporation

RCN Corporation, (NASDAQ: RCNI) http://www.rcn.com, is a competitive broadband services provider delivering all-digital and high definition video, high-speed internet and premium voice services to residential and small-medium business customers under the brand names of RCN and RCN Business Services, respectively. In addition, through its RCN Metro Optical Networks business unit, RCN delivers fiber-based high-capacity data transport services to large commercial customers, primarily large enterprises and carriers, targeting the metropolitan central business districts in the company's geographic markets. RCN's primary service areas include Washington, D.C., Philadelphia, Lehigh Valley (PA), New York City, Boston and Chicago. (RCNI-G)

About Telx

Telx is a world-class leader in providing interconnectivity solutions through their network-neutral and network rich, colocation facilities. With 15 facilities in North America, Telx offers cost effective networking solutions for customers to seamlessly access diverse global networks and exchange information in a secure and reliable environment. More than 700 leading telecommunications carriers, ISPs, content providers and enterprises rely on Telx's world-class team to support their mission-critical global infrastructure needs and to create a global connectivity marketplace to dramatically expand their business growth opportunities. Telx is a privately held company headquartered in New York City with four facilities in the New York Metro area, two facilities in Chicago, two facilities in Dallas, three facilities in California, (Los Angeles, San Francisco, Santa Clara) and facilities in Atlanta, Miami, Phoenix and Charlotte, N.C. For more information about Telx, visit www.telx.com.

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