Terremark will provide datacenter space and managed services to help Nortel increase its hosted solutions infrastructure beyond existing capacity under a non-exclusive agreement. The companies also plan to explore other options, including additional Terremark datacenter locations worldwide.

“Terremark’s industry-renowned datacenter infrastructure and access to the world’s leading carriers are important differentiators for us,” said Dean Fernandes, general manager, Network Application Services, Nortel. “Terremark has a global footprint that aligns nicely with our expansion plans and shares our dedication to providing customers reliable, high-quality service.”

After an extensive selection process, Nortel chose Terremark based on its world-class global facility infrastructure, managed services expertise, and scalable platforms and solutions.

“Nortel is making a significant investment in its Hosted Solutions, and its choice of Terremark speaks to the increasing market demand for our end-to-end IT infrastructure solutions,” said Barry Field, Senior Vice President of U.S. Commercial Sales for Terremark Worldwide, Inc. “We look forward to working with Nortel to meet the evolving IT infrastructure needs of both companies’ customers for years to come.”

Nortel Hosted Solutions provide carriers and enterprises advanced IP telephony, unified communications, automatic call distribution (ACD), contact centers and other network application services with enhanced network management capabilities and leading-edge protection from such security threats as hacker intrusions, worms, denial of service attacks, and identity theft.

About Terremark Worldwide, Inc.

Terremark Worldwide, Inc. (NASDAQ:TMRK) is a leading global provider of IT infrastructure services delivered on the industry’s most robust and advanced operations platform. Leveraging data centers in the United States, Europe and Latin America and access to massive and diverse network connectivity, Terremark delivers government and enterprise customers a comprehensive suite of managed solutions including hosting, colocation, connectivity and security services. Terremark’s acclaimed Infinistructure™ utility computing architecture has redefined industry standards for scalable and flexible computing infrastructure and its DigitalOps® service platform combines end-to-end systems management workflow with a comprehensive customer portal. More information about Terremark Worldwide can be found at http://www.terremark.com.

Statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Terremark's actual results may differ materially from those set forth in the forward-looking statements due to a number of risks, ability to cross-sell across an acquired customer base, ability to increase revenue yields within facilities, ability to refinance existing debt, uncertainties and other factors, as discussed in Terremark's filings with the SEC. These factors include, without limitation, Terremark's ability to obtain funding for its business plans, uncertainty in the demand for Terremark's services or products and Terremark's ability to manage its growth, the successful integration of operations of acquired companies. Terremark does not assume any obligation to update these forward-looking statements