GlobalNet, AIC Agreement Expected to Help Both Further Penetrate Latin American Market
LOMBARD, Ill., Apr 25, 2001 /PRNewswire via COMTEX/ -- GlobalNet, Inc. (Nasdaq: GBNE chart, msgs), a leading provider of international voice, data and Internet services over a private, managed Internet Protocol (IP) network, today announced it has signed an agreement with privately held American Internet Communications (AIC) that will permit both companies to increase their network traffic in growing Latin American markets.
The agreement was made possible by GlobalNet's recently announced capability of seamlessly transporting voice-over-IP (VoIP) traffic across diverse networks through its proprietary technology.
"GlobalNet's new technical capability now makes it possible for us to work closely with established in-country carriers such as AIC, which will benefit both of us in the expanding Latin American Market," said GlobalNet President Dan Wickersham. "We expect to forge a solid alliance that will increase our penetration of target markets in Latin America. At the same time, AIC will benefit from the strong network presence we have been building upon."
AIC President David Stone added: "We look forward to working with a proven leader in the VoIP sector such as GlobalNet. Through the use of our VoIP packet switched network, both companies will more effectively utilize their bandwidth capacity."
About GlobalNet
GlobalNet provides international voice, data and Internet services over a private, managed Internet Protocol network to international carriers and other communication service providers in the United States and strategic countries throughout the world. GlobalNet enables small - medium carriers to offer value-enhancing services to their customers in strategic countries around the world through the use of private, managed IP Networks (NAP's) and advanced IP Service Centers.
About AIC
American Internet Communications LLC, based in Miami, Florida, is a privately held company focused on the sale of origination and termination Internet data and voice services in Central, Latin America and Europe. American Internet Communications operates gateway and router facilities in Peru, Venezuela, Mexico, Argentina, Paraguay, Uruguay, Brazil and Spain with expansion plans to operate gateway facilities throughout Latin America. The Company's lines of business include international IP telephony origination and termination services, Internet fax services and other value-added telecommunication services to business and residential customers. American Internet Communications (AIC) is a premier provider of Internet Telephony in Latin America providing pre-paid/post paid telephony and fax service along with many enhanced services to its customer base. One of AIC's unique features is redundant network built on a combination of Fiber, International Private Line and Satellite which is connected to the major backbone provides throughout the world.
Source: GlobalNet, Inc.
Contact: Pere Valles, Chief Financial Officer of GlobalNet,
630-652-1330, or Karl Plath, Senior Vice President of The Investor Relations
Company, 847-426-4200, for GlobalNet, or David Stone, President of AIC, |
