Illuminet Completes Acquisition of NTC
OLYMPIA, Wash., Jul 5, 2000 (BUSINESS WIRE) -- Illuminet Holdings, Inc.
(Nasdaq:ILUM), today announced the successful completion of its acquisition of
National Telemanagement Corp. (NTC), one of the largest prepaid wireless
providers in the country.
The transaction closed on June 30, 2000.
"This acquisition is an important step in expanding Illuminet's revenue base and
adding complementary intelligent network services to create a total outsource
solution for carriers," said Roger Moore, president and chief executive officer
of Illuminet.
NTC will be a wholly owned subsidiary of Illuminet, and its headquarters will
remain in Dallas. George Lebus will continue as president of NTC.
The combined companies serve 750 communication carriers by providing Signaling
System 7 ("SS7") network connectivity and intelligent network services. NTC's
prepaid wireless services, including real-time account management and
unregistered nationwide roaming services, expand Illuminet's portfolio of
intelligent network services.
Under terms of the acquisition, Illuminet issued a total of 1.97 million shares
of common stock and options to NTC shareholders and employees.
ABOUT ILLUMINET
Founded in 1981, Illuminet operates the largest Signaling System No. 7 (SS7)
network in the United States not affiliated with a major carrier and is a
leading provider of complementary intelligent network services to
telecommunications carriers. Connection to the Illuminet network gives carriers
access to the system of signaling networks of nearly the entire U.S.
public-switched telecommunications infrastructure through a single source.
Illuminet specializes in signaling network services and intelligent network
solutions for a variety of services such as calling name delivery, calling card
validation, wireless roaming, number portability, network usage measurement,
network management, clearinghouse services, toll-free database and other
specialized database access functions. Illuminet's headquarters are at 4501
Intelco Loop, SE, Lacey, WA 98503; 360/493-6000; www.illuminet.com.
ABOUT NTC
National Telemanagement Corporation (NTC), a wholly owned subsidiary of
Illuminet Holdings, Inc., is based in Dallas, Texas. NTC provides enhanced
applications service products to the communications industry including
unregistered wireless roaming services via the American Roaming Network and
real-time account management services under SmartPay Wireless(TM). Visit the
company's Web site at www.ntcworld.com.
Editor's Note: Illuminet's logo is registered as a Service Mark with the United
States Patent and Trademark Office.
CONTACT: Illuminet
Penny Thomas, 360/493-6000 (media)
media_relations@Illuminet.com
or
Peter Wiederspan, 360/493-6165 (investors)
investor_relations@Illuminet.com
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