FINAL RELEASE– EMBARGOED UNTIL 27TH JUNE 2007

Contact: Diane Hodnett Commercial Director euNetworks Ltd., Tel: +353 1 469 1000 Cell: +353 87 98111 31 E-mail: [email protected]

EUNETWORKS UNVEILS THE EURO-ONE NETWORK COLLABORATION - SEAMLESS NEXT GENERATION NETWORK ACROSS AND CONNECTING EUROPE

OVER 85,000 KMS LONG HAUL AND FIBER OPTIC NETWORK UNITING EUROPE AND NORTH AMERICA

Frankfurt, Germany – euNetworks, (SGX: H23.SI), owner and operator of one of Europe’s highest capacity fiber networks and provider of mission critical infrastructure and services, today announced the launch of ‘euro-one’ (www.euro-one.com) – a collaboration of Europe’s leading fiber optic network providers to deliver infrastructure and next generation networking solutions connecting Central, Eastern, Western Europe and North America.

Exponential growth in corporate and traffic continues to drive demand for high-, high-resilient and high-performance networking solutions that can be delivered seamlessly, quickly and with 100% reliability. Traditionally, Corporates and carriers alike are required to manage a multitude of communications providers, all of whom deliver a myriad of solutions on multiple protocols and under widely disparate Service Level Agreements. euro-one, conceived of and facilitated by euNetworks, is the marriage of the fiber networks of euNetworks (connecting Ireland, UK, France, Belgium, The Netherlands, Germany), e|net (Ireland), Exatel (Poland), FIBRELAC (Switzerland), Geo (UK), Hibernia Atlantic (US, Canada, Ireland, UK, Continental Europe), Jazztel (Spain), Neo Telecoms (France), Net4Net (Czech Republic) and Retelit (Italy). Collectively, the fiber rich euro-one network, at over 85,000km in length, is one of the largest in the world, and connects in excess of 350 cities in Europe and North America. Uniquely, each member of euro-one owns and operates their own fiber infrastructure, offering true next generation network services and solutions quickly, efficiently and with total operational control.

Through a high degree of co-operation in sales, products and operations, the euro- one collaboration unites fiber providers from Ireland, France, Poland, UK, US/Canada, Italy, Czech Republic, Spain and Switzerland to deliver long-haul to last-mile solutions under one SLA, one single bill and delivering one consistent customer experience. As all euro-one members distinctively own and operate all-fiber backbone and valuable “last-mile” metropolitan networks, solutions are delivered door2door throughout Western, Central, Eastern Europe, the US and Canada.

Noel Meaney, Chief Executive Officer, euNetworks said: “euNetworks is delighted to have initiated euro-one – a collaboration of what we believe to be one of the most innovative partnerships the telecoms Industry has seen for sometime. As fiber providers we are aware of the immense value of our infrastructure but before have been constrained in delivering single source solutions by our network reach. This extended network and streamlined engagement process will revolutionise the delivery of high capacity solutions in Europe, providing Corporates and carriers with a single source provider for mission critical communications.” euro-one – Robust Network For Mission Critical Networking Solutions euro-one delivers to the customer carrier grade fiber networking services including Wavelengths, Ethernet, IP and dedicated fiber on a unified network. euro-one’s highly robust infrastructure presents a converged platform for the rollout of mission critical communications solutions, where members can interconnect at any of the in excess of 1000 Points of Presence or 350 datacenters that are on-net. euro-one – Established Providers

All euro-one members are vastly experienced in the design, delivery and management of mission critical solutions leveraging their wholly owned fiber infrastructure. All are long-established providers with a proven track record and boast impressive client lists of blue chip Corporate and carrier customers - all of whom can now utilise the extended euro-one network - and are uniquely positioned to deploy global solutions for their existing customers quickly, seamlessly and under a harmonised service level agreement. euro-one launch partners are: euNetworks: owner and operator of one of Europe’s highest capacity fiber networks delivering mission critical communication infrastructure and services to large corporate companies, carriers, and service providers. euNetworks all-fiber optic network uniquely combines ‘long-haul’ inter-city network linking Germany, Netherlands, UK, France and Belgium with high density ‘last-mile’ metropolitan fiber networks in Frankfurt, Munich, Berlin, Stuttgart, Hanover, Hamburg, Düsseldorf, Cologne, Paris, Amsterdam, Rotterdam, The Hague, Utrecht, London and Dublin. e|net: Irish operator with 27 MANs across towns and cities throughout Ireland providing world-class, high bandwidth and cost effective telecommunications products and services to licensed operators on an operator neutral wholesale basis. Exatel: One of Poland’s most advanced telecommunications providers with a fiber optic network measuring 19,000kms. Exatel specialises in servicing the most demanding, strategic sectors: operators, banking and finance and power industry. We supply modern telecommunications solutions for business entities. FIBRELAC: Swiss operator and owner of an all-fiber redundant network strategically positioned in the middle of Europe, interconnecting the main Swiss cities (in particular Geneva, Lausanne, Bern, Basel and Zurich). FIBRELAC provides dark fiber, wavelengths and managed bandwidth up to 10G to its business customers. Geo: Geo is the only company in the UK to design and build bespoke dedicated fiber network solutions. Geo’s revolutionary and flexible approach means that for the first time, organisations can own and control their networks, ensuring that security, high bandwidth and resilience are guaranteed. Geo provides an extensive range of solutions including fully managed networks, dark fiber, lit fiber and co-location services. Hibernia Atlantic: provides European network operators with a new, diverse cable crossing, offering an additional 80 wavelengths of dedicated Ethernet and optical- level service across the Atlantic Ocean, and 140 wavelengths along the east coast of Canada and the U.S., including Halifax, Montreal, Toronto, Pittsburgh, Buffalo, Philadelphia and Chicago and as far south as Ashburn. Hibernia Atlantic has over 52 locations in Europe, Canada and the U.S. Jazztel: A leading telecommunications and data transmission carrier providing its own infrastructure in Spain. The company offers broadband solutions for voice, data and Internet traffic and focuses on the residential and business markets. Neo Telecoms: a leading fiber provider with a dense, metropolitan network in Paris and the surrounding region measuring more than 100kms and connecting to all main neutral hosting centers (Carrier Hotels) in the area. Net4Net: Czech wholesale carrier, delivering unique Ethernet over Fiber and Ethernet over WDM solutions. Net4Net also provides ducts, fiber, capacity and services for ISPs and ASPs in the region. Net4Net is a part of Dial Telecom Group, a telecommunication company operating in the Czech Republic, Slovakia, Hungary and Romania. Retelit: A next-generation Italian carrier, providing communications services (Ethernet, SDH, Wavelengths, IP transit) and Network infrastructure within Italy. Retelit relies on its fully owned national backbone and MANs, covering the most important business cities in Italy. With its state of the art DWDM platform, Retelit delivers up to 40 Gbps wavelengths and broadband Ethernet access (up to 10 Gbps). The Retelit network has an extension of 6.458 km, including 1,627 km in urban centers across the entire national territory.

More information can be found on the new website, also launched today, at www.euro-one.com

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ABOUT EUNETWORKS euNetworks owns and operates one of Europe’s highest capacity fiber networks and provides mission critical communication infrastructure and services to large corporates, carriers, and service providers. Constructed at a cost in excess of €1.3 billion, euNetworks all-fiber optic network uniquely combines ‘long-haul’ inter-city network linking Europe’s largest economies, with high density ‘last-mile’ metropolitan fiber networks in 15 of Europe’s leading cities. euNetworks was recently awarded the prestigious title of “Best New Entrant” by leading telecommunications publication, Capacity Magazine. The award was granted to euNetworks following their acquisition of a pan-European fiber network thus extending their unique proposition of delivering private fiber networks – an offering the judges felt is of immense value to large Corporates and carriers alike. euNetworks, a member of the Global Voice Group, is headquartered in Frankfurt, publicly listed on the Singapore stock exchange (SGX: H23.SI). For further information please visit www.euNetworks.com.

E|NET e|net is a wholly owned Irish Company established in 2000 to address the issue of the lack of broadband in the Regions. e|net manages, maintains and operates Metropolitan Area Networks throughout Ireland on behalf of the Irish Government. e|net is uniquely positioned, as the only operator neutral wholesale provider within Ireland. The 27 towns and cities are as follows: Athlone, Ballina, Carlow, Carrick-on- Shannon, Carrickmacross, Cavan, Clonmel, Cork City, Dundalk, Drogheda, Dungarvan, Galway City, Gweedore, Kingscourt, Kilkenny, Kiltimagh, Letterkenny, Limerick City, Manorhamilton, Monaghan, Mullingar, Portlaoise, Roscommon, Sligo, Tullamore, Waterford City and Wexford. For further information please visit www.enet.ie

EXATEL Exatel is one of Poland’s most advanced telecommunications providers, established through the merger of two telecommunications operators: Tel-Energo and Telbank. Exatel specialises in servicing of the most demanding, strategic sectors: operators, banking and finance and power industry. We supply modern telecommunications solutions for business entities. We manage the most advanced light fiber data transmission network of over 19,000 km in Poland. We offer services based on innovative teleinformation solutions meeting requirements of customers operating in various market segments. We also offer telephone services dedicated to business recipients. For further information please visit www.exatel.pl.

FIBRELAC FIBRELAC, an independent Swiss company, headquartered in Vevey, offers telecommunication services on a fixed network since 1998. FIBRELAC pioneered in building fiber optics infrastructure along the Swiss motorways and running sub-aquatic fiber projects. Since the end of 2002, FIBRELAC also offers managed MPLS bandwidth services for operators, ISPs, enterprises and administrations. For more FIBRELAC please visit www.fibrelac.com

GEO Geo is the only company in the UK to design and build bespoke dedicated fibre network solutions. Geo’s revolutionary and flexible approach means that for the first time, organisations can own and control their networks, ensuring that security, high bandwidth and resilience are guaranteed. Geo provides an extensive range of solutions including fully managed networks, dark fibre, lit fibre and co-location services. Geo.National enables network solutions on a national scale, and Geo.Metro provides users with a 1 Gbps, 10 Gbps Ethernet service within the London area. Geo empowers organisations to Own Your Network. Customers include mobile operators, service providers, major banks and the public sector. Please visit www.geo-uk.net for more information.

HIBERNIA ATLANTIC The Hibernia Atlantic network offers security through diversity. The low-latency cable circuit provides European and US customers with direct Trans-Atlantic connectivity at competitive prices, with unparalleled support and service. Hibernia Atlantic’s redundant rings between Dublin, Manchester, London, New York, Halifax, Montreal and Boston are the fastest way to communicate across the Atlantic, providing dedicated Ethernet and optical level service up to GigE and 10G Wavelengths. With Hibernia’s cutting-edge, network technology, enterprise customers, carriers and wholesale customers will now be able to offer reliable, next-generation bundled services to their end-users at affordable prices. Hibernia Atlantic is a private company, established in 2001 by Columbia Ventures Corporation (CVC). For more information please visit www.hiberniaatlantic.com.

JAZZTEL Jazztel is a leading telecommunications and data transmission carrier with its own infrastructure in Spain. Jazztel has rolled out its network in more than 100 metropolitan areas and business parks in Spain. This local access network infrastructure along with its backbone network is one of the most rapid telecommunications networks in

Europe. Throughout the seven years it has been in operation, Jazztel has consolidated and enlarged its service offering, which presently includes broadband solutions for voice, data and Internet traffic geared towards residential and business markets. For further information please visit www.jazztel.com

NEO TELECOMS Established in 1999, Neo Telecoms formerly was the French subsidiary of MFN/Abovenet Corp., a worldwide Tier One IP operator. The aim was to further develop existing products, enriching them with new communications solutions based on IP, Hosting and Connectivity Services. Neo Telecoms owns a dark fiber metropolitan network of more than 100km length in Paris and its close suburbia, comprising six interconnected loops, each with a minimum capacity of 432 fibers. Neo Telecoms services include the interconnection of remote sites, enabling them with their own secured communications infrastructure and the possibility to transfer any type of data securely and tailored to their needs. Another advantage is that, through the allocation of pairs of fibers over several years, the client can master and control its telecommunications costs. For further information please contact www.neotelecoms.com.

NET4NET Net4Net is a young, alternative telecommunication and Internet services operator in Czech Republic, delivering Internet and communications services to ISPs and ASPs via their wholly owned high-speed fiber optics network. Net4Net evolved from Telecommunication Operations (a division of Transgas, the national gas provider), having provided telecommunication services to Transgas from the 1970s. Net4Net offers a variety of services including server-housing, IP connectivity, virtual private network (VPN) services and leased digital line, and furthermore sells HDPE ducts on backbone routes, all of the above provided via their network across the entire Czech Republic. For further information please contact www.net4net.cz.

RETELIT Retelit S.p.A., listed on the MTAX (LIT.MI), is active in the supply of Broadband telecommunications services and network infrastructure to national and international operators, Internet Service Providers (ISP), Application Service Providers (ASP), Public Administrations and large companies. Retelit network borders more than 200 cities with over 10,000 inhabitants, and connects all high-concentration business areas. For further information please visit www.retelit.it.