NEW YORK--(BUSINESS WIRE)--Dec. 2, 1999--Teltran International (OTCBB:TLTG - news) announced Thursday that it has completed agreements enabling Teltran's customers to terminate traffic in Pakistan, a highly desirable telecom destination, using Teltran VoIP Service.
Once fully operational, Teltran believes that significant revenues will be generated as a result of these agreements. The gateway equipment and bandwidth required to handle the expected traffic is being installed and provisioned, and testing is expected to be completed by the end of the year. Live traffic is expected during the First Quarter of 2000. At full capacity, Teltran's development of the Pakistan marketplace should generate the largest source of revenue by Teltran to date. This represents the Company's emergence as a growing provider of telecommunications services to the Indian sub-continent.
Byron Lerner, President & CEO of Teltran commented, ''Our entry into the Indian sub-continent is an important milestone for our Company. This region represents a vital arena from which we will expand our global presence and develop further strategic alliances. We are now uniquely positioned to extend the Teltran portfolio of services throughout the world and will continue to build out our network infrastructure accordingly.'' Lerner continued, ''As a result of the increased revenues and profits derived from these arrangements, the Teltran VoIP network will become even more cost effective and our competitive advantage will continue to increase.''
''Pakistan is one of the most highly sought after telecommunication points from the US and UK and we plan to immediately capitalize on the opportunity to strategically position Teltran in this rapidly growing market'', said Peter Biagioli, Teltran's Vice President - Sales & Marketing. Biagioli continued, ''We expect to continue to expand our presence in this area of the world through the year 2000 by establishing facilities in India, Bangladesh and Sri Lanka. In addition, negotiations are currently taking place in several other emerging countries to expand Teltran's VoIP footprint.'' |
