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Technology Stocks : America On-Line (AOL)

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To: Mr. Stress who wrote (32192)10/4/1999 11:57:00 AM
From: Mary Baker  Read Replies (1) of 41369
 


Net2Phone <NTOP.O>, AOL unit ICQ in pact


DULLES, Va., Oct 4 (Reuters) - Net2Phone Inc. and America Online Inc. <AOL.N> unit ICQ said Monday they reached a deal to offer a pre-paid "virtual calling card" that will route telephone calls over Net2Phone's Internet protocol network.

The companies said the card will be available at ICQ's Web site (icqphone.icq.com) and can initially be used to make telephone calls from the United States to anywhere in the world at rates the companies said are up to 70 percent less than traditional phone cards. ICQ offers Internet-based communication services.

The companies plan to make the cards available to ICQ users in 19 additional countries in the coming months.

The announcement is the first in a series of initiatives under a four-year agreement between Net2Phone and ICQ to provide a suite of Internet telephony services to ICQ customers.

10:46 10-04-99

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