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Members of the world's largest Internet exchange re-elected three of its directors at an annual general meeting which heard that the organisation's growing size and financial strength is leading to lower costs for handling Internet traffic.

Internet service providers (ISPs) which are members of LINX, the London Internet Exchange, re-elected chairman Grahame Davies and fellow directors Steve Wilcox and Neil McRae to the board. All three had reached the end of their previous term of office and were obliged to stand for re-election.

Members were told that in LINX's financial year which ended in October 2004 the organisation's membership increased by almost 20 per cent to a total of 162 ISPs and content delivery service providers. Membership has continued to grow since the year end and now stands at more than 170.

Despite cuts in LINX's membership fees and prices for its services, and expenditure of more than £700,000 on new equipment, the organisation was able to increase its reserves to around £2.7 million.

Chief executive John Souter told the meeting: "We finished the year ahead of budget in all respects and our strong financial position is enabling us to consider further cuts in prices. We aim continually to improve the cost-effectiveness of LINX membership while maintaining the reputation for reliability and technical excellence which has made us the world's largest Internet exchange."

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Notes to editors:

1. LINX is a mutual, not-for-profit organisation whose members include almost all the major UK ISPs and content delivery service providers plus many from the USA, mainland Europe, the Far East and Africa. Every member of LINX has an equal vote in the management of the organisation's affairs and in the election of its board of directors (formally the 'LINX Council').

2. The LINX Council consists of the chief executive and six other people elected by the members. A proportion of council members has to retire each year. They must submit themselves for re-election if they wish to continue in office.

3. LINX chairman Grahame Davies is a director of Mistral Internet, Steve Wilcox works for Telecomplete and Neil McRae for COLT.

4. Membership of LINX permits commercial competitors to exchange Internet traffic between their networks across LINX switches, which are housed in six colocation facilities in London linked by dedicated fibre optic cables.

5. More than 90 per cent of the Internet traffic exchanged between ISPs in the UK passes through LINX equipment. Peak traffic flows across LINX equipment now total around 73 gigabits per second.

6. The connection of Internet networks at an exchange point such as LINX is known as 'peering'.

For more information contact:

Malcolm Hutty or Vanessa Evans
The London Internet Exchange
Telephone: +44 (0)1733 207701
Email: pr@linx.net

Michael Holland or Mike Lennox
Smye Holland Associates
Telephone: +44 (0)1733 564906
Email: mikeh@smye-holland.com

Published on: 12:00AM on 1st March 2005