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Telefónica Data Selects Juniper Networks for its IP Backbone

Sunnyvale, CA - July 24, 2001 - Telefónica Data, the Telefónica Group subsidiary that provides global telecommunications services to enterprises, and Juniper Networks, Inc. (Nasdaq: JNPR), a leading provider of next-generation Internet Protocol (IP) infrastructure systems, today announced that Telefónica Data has selected Juniper Networks technology for its IP backbone. Juniper Networks M160 Internet backbone routers will enable both high-speed Internet access for Telefónica Data's domestic IP network infrastructure and for connections into its international network nodes.

With a primary business that requires 24x7 predictable performance across a variety of applications and the ability to scale easily in line with service demand, Telefónica Data selected Juniper Networks technology for its reliability, robustness, and scalability. Telefónica Data knows that Juniper Networks solutions will help it focus on delivering value-added, revenue-generating IP services to its customers.

"With fast, reliable connections in its IP transit nodes, Juniper Networks solutions proved to be the best of those tested in terms of complying with our high-level requirements for a backbone network," said Eduardo Caride, president and chief executive officer of Telefónica Data Corporation. "Juniper Networks continues to build a strong worldwide market share ensuring that Telefónica Data will fully maximize its IP network investment in the long-term."

"This is a significant global carrier customer win for Juniper Networks, and we're pleased to be working with Telefónica Data to build its global IP network infrastructure," stated Scott Kriens, president and chief executive officer of Juniper Networks. "By combining our proven carrier class data communications expertise with best-in-class IP technology, Juniper Networks has proven once again its commitment to fulfilling the stringent requirements set out by successful global multi-service carriers like Telefónica Data."

About Telefónica Data

Telefónica Data, a subsidiary of the Telefónica group, is a leading supplier of global telecommunications services for companies. Telefónica Data is currently in the process of rapid international expansion, developing businesses in countries such as Argentina, Brazil, Chile, Colombia, Uruguay, Peru, Mexico, Puerto Rico and other Latin American countries and the United States. Telefónica Data is also present in Spain and other European countries such as Austria, Italy and Germany. For more information visit us on the Web at http://www.telefonica-data.com.

About Juniper Networks, Inc.

Juniper Networks, Inc. is a leading provider of purpose-built systems that meet the scalability, performance, density, and compatibility requirements of rapidly evolving, optically-enabled IP networks. The company's systems provide new IP infrastructure solutions for the world's leading service providers. Juniper Networks service, manufacturing teams, and IP engineers work closely with customers to build and support customer networks. The company is headquartered in Sunnyvale, California. For more information, please visit the Web site at https://www.juniper.net.

Juniper Networks is registered in the U.S. Patent and Trademark Office and in other countries as a trademark of Juniper Networks, Inc. M160 is a trademark of Juniper Networks, Inc. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.