HAMILTON, Bermuda and NEW YORK--(BUSINESS WIRE)--March 21,
2000--telegate AG (telegate), Munich, Europe's third largest directory
information provider and an indirect subsidiary of RSL Communications,
Ltd. (RSLCOM) (NASDAQ: RSLC.O) has agreed to new contract terms with
Mannesmann Mobilfunk GmbH, Dusseldorf. The 10 million customers in
Germany who call via Mannesmann's D2 cellular network can take
advantage of an even greater range of services now that can be
accessed through telegate.
"60 percent of all D2 customers already have their calls
connected directly by telegate and we are expecting the number of
users to increase by about 30 percent over the coming months", says
Dr. Klaus Harisch, CEO of telegate AG.
The extended range of services being provided by telegate will
include traffic reports, route planning and a television guide.
In addition to its contract with Mannesmann, telegate AG had
recently entered into a co-operative agreement with the Deutsche
Telekom subsidiary, T-Mobil. Dr. Klaus Harisch commented, "Having
signed the contract with Mannesmann, we now have the two major German
mobile-telephone network as our partners. As a result, we can now
offer our services to around 99 percent of all mobile-phone users."
"Taking an early stake in telegate has proven to be an excellent
move for RSL COM. telegate's rapid growth as an international
directory assistance provider has resulted in a 15-fold return on our
original investment of U.S. $33 million based on the current market
capitalization of telegate," said Itzhak Fisher, President and CEO of
RSL Communications, Ltd.
The Munich-based telegate company was founded in 1996 and has
been listed on the New Market of Frankfurt Stock Exchange since April
1999. Last year, the company recorded total revenues in excess of DM
173.3 million. The range of services offered includes numerous
facilities, such as directory inquiries for the fixed-line network and
all German mobile-telephone networks, call forwarding to around 4,500
service hotlines and telephone and address inquiries by post and fax.
11880.com, the telegate subsidiary founded in January 2000, provides
an online directory service.20Additional Internet services are being
planned. telegate AG employs approximately 2,500 people.
RSL Communications, Ltd. is a facilities-based communications
company that provides a broad range of data and Internet, voice and
value-added service solutions primarily to small and medium sized
businesses and residential customers in selected markets around the
globe. Through its subsidiary, deltathree.com, RSL COM also owns and
operates a privately managed Internet Protocol (IP) telephony network
with 45 points of presence in 29 countries.
--30--skj/cgo*
CONTACT: Financial information:
telegate AG
Wolfgang Brand, +49 89 8954-1120
Fax: +49 89 8954-1810
E-mail: wb@telegate.de
or
Press information:
Hoschke & Consorten
Anja Meyer or Andreas Hoschke, +49 40 361146
Fax: +49 40 361144
E-mail: a.meyer@hoschke.de
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: TELECOMMUNICATIONS
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