StarMedia and Compaq Extend Mobile Internet Offerings To Wireless Carriers in Latin America NEW YORK, Sep 11, 2000 /PRNewswire via COMTEX/ -- StarMedia Network (Nasdaq: STRM) (http://www.starmedia.com) the leading Internet media company for Spanish- and Portuguese-speaking audiences worldwide, today announced an agreement with Compaq Latin America Corporation (http://www.compaq.com/la), the Latin America and Caribbean operation of Compaq Computer Corporation, to combine StarMedia Mobile's wireless portal technology with Compaq's hardware, solutions, and support infrastructure in Latin America. This multi-year marketing agreement will allow Compaq and StarMedia Network's mobile division to offer StarMedia Mobile's Wireless Internet Server (WIS) and portal technology combined with Compaq's services and hardware products, to enable wireless carriers with competitive wireless portal solutions. StarMedia Mobile's portal technology provides wireless carriers with mobile Internet applications like e-mail, customized content and personal information management services. This joint agreement reinforces StarMedia Mobile's Applications Service Provider (ASP) business model by bolstering its offerings with products and services from the leading company in computer hardware across the Latin American region. "By joining forces with a global leader in information technology and Internet solutions like Compaq, we can expand our offerings of premium wireless Internet services and applications for wireless carriers in Latin America," said Enrique Narciso, General Manager of StarMedia Mobile. "This agreement reinforces our mission to promote the development of the Mobile Internet market throughout the region, enabling increased ease of use and access of information from the Web through wireless devices." "This agreement marks a valuable addition to Compaq's solutions portfolio aimed at providing Latin America wireless providers with the right mix of technology and services to offer innovative services to their subscribers," said Johan K. Norvik, Director of Telecommunications Business at Compaq Latin America. "StarMedia Mobile's leading Wireless Portal solution is an important component in Compaq's goal of putting the mobile Internet experience closer to the hands of Latin American consumers." Wireless services in Latin America are on the rise. As of December 1999, there were 41 million cellular subscribers in Latin America and the International Data Corporation (IDC) estimates that this number will grow to more than 191 million in 2003. About StarMedia Network, Inc. StarMedia Network is the leading Internet media company for Spanish and Portuguese speakers worldwide. The network is comprised of a portfolio of pan-regional and local properties, distributed across multiple platforms, including the narrowband, wireless, and broadband. All of the StarMedia Network properties share an integrated sales network, marketing support, and a technical and operational infrastructure. StarMedia Network consists of 12 leading brands: StarMedia.com, Cade?, AdNet, LatinRed, Zeek!, Guia SP, Guia RJ, OpenChile, Panoramas.cl, Paisas.com, Batepapo.com.br, Yo Invito; and operates StarMedia Mobile, the wireless division, and StarMedia Broadband, the broadband services arm. Founded in 1996, the Company has more than 850 employees and operations in Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico, Spain, Uruguay, Venezuela, and throughout the U.S. |