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Technology Stocks : Infonet - Leader of Managed Data Communicaton Services

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To: JakeStraw who wrote (214)10/2/2003 8:09:29 AM
From: JakeStraw   of 241
 
Infonet Announces the Beginning of Operations with Telmex, the Main Telecommunications Company in Mexico
Thursday October 2, 8:00 am ET
biz.yahoo.com

MEXICO CITY and EL SEGUNDO, Calif.--(BUSINESS WIRE)--Oct. 2, 2003--
Companies Agree on a Strategic Alliance to Provide Services
to Their Corporate Clients

Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, today announced that it will provide its services to Telmex, Mexico's leading telecommunications provider, in support of Telmex's continuous expansion strategy to satisfy its growing network coverage demands. Under the terms of the agreement, clients of both companies will benefit from this strategic alliance, both for the administration of their global frame relay networks, as well as the coverage that will be assured by the combination of both companies' networks.

The agreement includes additional voice and data network interconnects which represent major growth opportunities for both Infonet and Telmex.

Through this agreement, Telmex strengthens its group of suppliers for the globalization of its services, which will in turn benefit Telmex clients by providing them with additional capacity for worldwide connectivity. Mr. Isidoro Ambe Attar, Corporate Marketing Director for Telmex, said, "We chose Infonet for its global frame relay coverage, excellent quality of service, and its international recognition. Through this nonexclusive alliance, we strengthen our worldwide services."

"Our clients understand the importance of doing business in Mexico," said Hans van Luit, Chief Executive Officer of Infonet Mexico. "Through this alliance we are facilitating business by making communications run optimally throughout this major market."
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