TeleHub and Star Telecommunications, Inc. Enter Into $8.0 Million Services Agreement
Business Editors/Hi-Tech Writers
GURNEE, Ill.--(BUSINESS WIRE)--July 22, 1999--TeleHub Network
Services Corp., a leading provider of voice over ATM carrier services,
announced a services agreement with STAR Telecommunications, Inc.,
(Nasdaq:STRX), a global telecommunications services company.
Under the terms of the agreement, STAR Telecommunications will
utilize TeleHub's network for terminating domestic traffic over the
next two years.
The agreement is worth an estimated $8.0 million in revenue for
TeleHub.
"This agreement with STAR Telecommunications showcases our
network's strength and depth. We are looking forward to this new
partnership and the opportunities that will result," said Kenneth
Minihan, CEO of TeleHub Communications Corporation.
As the leader in supplying voice over ATM services, this contract
is a significant milestone for TeleHub, as STAR Telecommunications is
the seventh largest long distance carrier in the United States. STAR
Telecommunications' decision to use TeleHub's network is a validation
of TeleHub as a pre-eminent provider of telecommunications services.
"STAR Telecommunications tested the quality of several
telecommunications networks and found that TeleHub's voice over ATM
network performed better than any of the other services tested. We
selected TeleHub for its leading edge technology and the near perfect
voice quality of its network," said Christopher Edgecomb, CEO of STAR
Telecommunications.
"TeleHub is known throughout the telecommunications industry for
having a reliable network and our strategic decision in selecting
TeleHub affords us the opportunity to have a strong foundation in the
industry for terminating domestic telephone calls," said Edgecomb.
About TeleHub
TeleHub introduced the first public-switched ATM communications
network that integrates the delivery of a full range voice, data and
video telecommunications services. The Network is controlled by
intelligent network software called VASP(tm) (Virtual Access Services
Platform). VASP(tm) is supplied by TeraBridge Corp., a joint venture
of TeleHub Communications Corporation and Newbridge Networks.
This unique ATM/VASP combination gives TeleHub a significant
advantage over its nearest competitors. For general information about
TeleHub, please call 1- 877-TELEHUB or refer to www.telehub.net.
About STAR Telecommunications
STAR Telecommunications provides global telecommunications
services to consumers, long distance carriers, multinational
corporations and Internet service providers worldwide. STAR provides
international and national long distance services, international
private line, prepaid calling cards, dial around services and
international toll free services.
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CONTACT: TeleHub Network Services Corp.
Barbara Pajor (Corporate Contact), 847/263-4236
or
Edelman Worldwide
Tracy Peth (Media Contact), 202/326-1703 |
