Intermedia Communications Signs Multi-Million Dollar Agreement with Simon Property Group

Intermedia Communications, a leading telecommunications company, has signed a three-year, multi-million dollar agreement with Simon Property Group, the nation's largest owner and manager of retail real estate. This strategic partnership aims to leverage the powers of the internet and e-commerce by combining cyberspace technologies with the benefits of real-world locations. As part of this initiative, Intermedia plans to connect thousands of retailers at over 150 Simon's shopping malls across the country to advanced data networks through its TenantConnect.net platform.

Key Takeaways:

• Intermedia will connect Simon Property Group's tenants to its ATM and frame relay national network backbones through TenantConnect.net, a high-speed data network that enables just-in-time inventory management, real-time sales reporting, and non-dial up transaction processing.
• The partnership will provide Simon retailers with fast, efficient video connections, compressed audio and voice transmission, and the ability to implement in-store cyber casts, Internet workstations, and sophisticated customer relationship management tools.
• Intermedia's TenantConnect.net infrastructure will link to the nationwide Intermedia networks at 15 sites, with each mall connected to two sites, and these sites connected to two of three super hubs housed in Cleveland, Dallas, and Orlando, providing redundancy and network access even in the event of catastrophic failure.
• The agreement is a result of Intermedia's extensive experience providing interconnectivity for several ILECs across the country, its unmatched network density, and the strength of its service level agreements, which are independently rated as some of the best in the industry.
• Intermedia was chosen as the partner based on its extensive experience, network density, and service level agreements, making it an ideal partner for Simon Property Group's retail services.

Statistics:

• The agreement spans three years and covers a multi-million dollar scope.
• Over 150 Simon shopping malls will be connected to advance data networks through TenantConnect.net.
• Intermedia's network will cover 15 sites, with each mall connected to two sites, and these sites connected to two of three super hubs.
• The network will enable thousands of retailers to implement in-store cyber casts, Internet workstations, and sophisticated customer relationship management tools.
• Intermedia's TenantConnect.net infrastructure will support the ability of Simon retailers to implement advanced e-commerce solutions.

Sources:

• Intermedia Communications' press release dated November 4, 1999
• Simon Property Group's announcement detailing the partnership with Intermedia Communications
• Intermedia Communications' website at www.intermedia.com
• Intermedia Communications' Investor Relations section of their website.