TelMex to conduct Performance Trials on mPhase's Traverser Digital Video and Data Delivery System
Business Wire - July 26, 1999 11:18
NORWALK, Conn.--(BUSINESS WIRE)--July 26, 1999--mPhase Technologies (OTCBB:XDSL) announced today that TelMex (NYSE ADR:TMX), the leading telecommunications services provider in Mexico, will conduct performance trials on mPhase's Traverser digital video and data delivery system (DVDDS).
mPhase reported that TelMex will evaluate the performance of mPhase's Traverser DVDDS as a product solution for simultaneous delivery of next generation digital television programming, high-speed Internet and traditional voice services over a single pair of existing copper telephone wires to consumers and businesses.
"We are pleased that TelMex, a leading international telecommunications company has recognized the astounding potential of offering digital TV, voice, and data simultaneously over the existing copper infrastructure." said mPhase Technologies President and Chief Executive Officer, Ronald A. Durando.
"After extensive due diligence, TelMex will be the first international telecommunications company to demo the Traverser DVDDS system. Our technology will allow TelMex to provide their customers with services traditionally provided by 3 separate companies: the telephone company, cable company, and an Internet Services Provider, in areas where such offerings might be sparse, if at all. The mPhase Traverser DVDDS will also enable TelMex to overcome the constraints usually associated with the local loop," added Durando.
About mPhase Technologies Inc.
mPhase Technologies Inc. (www.mPhaseTech.com & www.mPhaseTV.net) is a leader in the emerging market for high-speed Internet access and digital television delivery and provides data transmission at speeds up to 250 times faster than an existing 28.8K Internet connection allowing high-speed Internet access, digital television delivery, and telephone communications to be conducted over an existing telephone line. mPhase Technologies, Inc. has been profiled by Internet Stock News (www..internetstocknews.com), the Web's leading resource for information about emerging Internet companies.
About TelMex:
TELMEX (www.TelMex.com.mx) is the major telecommunications company in Mexico, and provides local telephone, domestic and international long-distance, wireless, and voice, data, and video transmission services. Since its privatization in 1990, TELMEX has been one of the fastest companies to modernize, and has emerged as a leader in telecommunications services in Latin America. As part of this immense modernization and technological diversification effort, TELMEX has invested more than $14 billion in its infrastructure over the last eight years, and plans to continue investing more than $1.6 billion annually. At the end of 1998, TelMex had approximately 10 million local access lines in service and 2 million cellular subscribers.
CONTACT: mPhase Technologies Inc.
Sue Cifelli, 877/mPhaseTV
SueCifelli@mPhaseTech.com
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