Some more good news - jumped in a couple days ago and am
amazed at its upward movement. This looks like its a long
term hold as its under strong accumulation.
Good luck!
Tomas
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REDWOOD CITY, Calif.--(BUSINESS WIRE)--October 13, 1999--Telstra will introduce a Voice over Internet Protocol (VoIP) service in December this year, enabling international carriers and emerging Internet Telephony Service Providers (ITSPs), to transmit voice calls via the Internet.
Clarent Corporation (Nasdaq:CLRN - news), a worldwide leader in providing IP telephony based solutions to carriers, has been selected as one of the key suppliers for Telstra's IP telephony network.
Telstra's existing international circuit-based network currently provides access to more than 200 countries and generates over $200 million per annum through the provision of global voice services to international wholesale customers.
The VoIP service will enhance Telstra's global wholesale business by enabling Internet Service Providers (ISPs) currently offering IP Internet connectivity to expand their service offerings with voice products, as well as providing Telstra's existing international wholesale customers with more innovative solutions for delivery of voice traffic throughout the world.
Working in partnership with a number of vendors, Telstra's VoIP solutions will provide wholesale carriers and Internet Telephony Service Providers (ITSPs) with a range of choices for delivery of voice services, from integration of VoIP with traditional networks to full end to end delivery via the Internet. Companies will also have the choice of accessing reliable and competitive PSTN Least Cost Routes over the Internet, or have the traffic cleared by Telstra over IP routes.
General Manager of Telstra Global Wholesale, Mr. Peter Dutton, said that the VoIP service will help Telstra maintain its leading position amongst carriers in the Asia Pacific region as an innovative wholesale voice and data services provider.
``The global telecommunications market is looking more to emerging technologies to develop competitive edge.
``Telstra has embraced new technological developments and is rapidly expanding into a broad range of IP based applications for voice and data.
``We plan to work in partnership with our global wholesale customers and use Internet technology to develop tailored solutions and value added applications.'
Mr. Dutton said that Telstra will also use Internet technology to develop fully integrated VoIP clearing house facilities as well as on line services enabling global wholesale customers to access real time information such as billing, data, usage and capacity profiles directly from Telstra.
``This will further enhance the delivery of our services for our international wholesale customers,' he said.
Telstra has selected Clarent as one of the vendors who will supply IP telephony technology for its international VoIP service.
Clarent Corporation is a premier provider of scaleable, IP telephony products to carriers and Internet service providers around the world. Clarent's intelligent architecture and the Clarent Command Center enable Clarent products to route, manage, inter-connect and terminate high volumes of calls for service provider customers including the world's largest long distance telecommunication companies.
``Clarent is delighted to be selected as one of the IP telephony technology suppliers to Telstra,' said Jerry Chang, CEO and president, Clarent Corporation.
``Telstra will use Clarent's Signaling System 7 gateway products, the Clarent Command Center and other Clarent back-end products to build a state-of-the-art IP telephony network. Telstra will also benefit from forming minutes exchange partnerships with other large Clarent carrier customers around the world. Clarent applauds this important and strategic network launch for Telstra.'
Telstra has provided global voice services to a range of international carriers through its comprehensive global infrastructure for over 50 years.
About Telstra Corporation
For further information about Telstra Corporation visit www.telstra.com.au
Forward Looking Statements
This release may contain forward-looking statements regarding Clarent's products, business, customers or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties, including but not limited to potential issues relating to interoperability, inability to introduce new products, ability to retain key customers and other factors, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. These risks and uncertainties are described further in the risk factors discussed in the quarterly report filed with the Securities and Exchange Commission on August 16, 1999.
About Clarent Corporation
Clarent Corporation is a premier provider of scaleable, IP telephony products to carriers and Internet service providers around the world. Clarent's intelligent architecture and the Clarent Command Center enable Clarent products to route, manage, inter-connect and terminate high volumes of calls for service provider customers including the world's largest long distance telecommunication companies. According to a Cape Saffron report published in 1999, more minutes travel across Clarent-enabled networks worldwide than those of any other equipment supplier.
Founded in July 1996, Clarent is headquartered in Redwood City, California and has offices in major cities in Asia, Europe, Latin America and North America. Additional information about Clarent is available at clarent.com.
Note to Editors: Clarent is a registered trademark of Clarent Corporation in the United States and other jurisdictions. All other company or product names mentioned may be trademarks or registered trademarks of the respective companies with which they are associated.
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Contact:
Clarent Corporation
Heidi Bersin, 650/481-1707
Email: heidi@clarent.com
or
Telstra Corporation
Steve Wright, + 61 2 9298 486
Mbl: + 61 418 333 495
or
Press Contact:
Phase Two Strategies
Steven Fielding, 415/772-8451
Email: steven_fielding@p2pr.com |
