TSCP Friday March 3, 11:55 am Eastern Time
Company Press Release
Telscape International, Inc. Announces Completion of the Construction of its Mexican Fiber Optic Network
HOUSTON--(BUSINESS WIRE)--March 3, 2000--Telscape International, Inc. (NASDAQ: TSCP - news), today announced that its Mexican subsidiary, Telereunion, S.A. de C.V., has completed the construction of its state-of-the-art fiber optic network in Mexico and is currently testing the network.
Oscar Garcia, President of Telereunion, commented: ``The completion of our network is a significant milestone in the development of our company. The deployment was done on time and on budget. We are currently testing approximately 1,800 kilometers of our 3,300 route kilometers. The balance relates to the fiber exchanges with other carriers previously announced and these portions of the network will be tested as they come on line. We will start rolling out existing services and new products in different cities associated with the network as it becomes available. We continue to pursue the 'smart build`` strategy previously disclosed and will announce further enhancements to our network as they develop. One of the key components of our overall strategy is to become a leading provider of integrated communications solutions and services, including data and Internet, to retail and business customers throughout Latin America. Access to abundant and cost effective bandwidth is clearly becoming a major competitive advantage and essential in order to provide the advanced, high margin services customers require.'
Telscape International, Inc. is a U.S.-based, fully integrated communications company. The Company supplies voice, video, data and Internet services principally to and from Latin America. Telereunion, a subsidiary of the Company, has built a state-of-the-art fiber optic network in Mexico that will reach the vast majority of the Mexican population. The Company also owns and operates a satellite teleport facility in Silicon Valley, which delivers an array of communications services to customers throughout North, Central and South America. In addition, the Company provides a full range of network solutions services and products in Mexico to major public and private sector customers. The Company has recently launched enablecommerce.com, an electronic commerce strategy, which takes advantage of many of Telscape's core competencies. Telscape has signed an agreement to merge with Pointe Communications Corporation (www.pointecom.net)
Note: Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks related to market acceptance of and demand for the Company's products and services by customers, continued relationships with and pricing dependence for third party suppliers, and continuity of existing government regulations and policies. Statements with respect to acquisitions and continued trends are forward-looking and involve risks and uncertainties. Furthermore, the Company has significant operations in Mexico, subjecting the Company to certain political and commercial risk. |
