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Genuity to Save 57 Percent in Telecom Costs With Internal Enterprise Voice over IP-TM- Implementation
Thursday September 5, 1:13 pm ET
WOBURN, Mass.--(BUSINESS WIRE)--Sept. 5, 2002--Genuity Inc., a leading provider of enterprise Internet Protocol (IP) networking services, today announced that the implementation of its Enterprise Voice over IP service at its Woburn headquarters will save the company an estimated 57 percent, or more than $300,000, in its overall telecom costs for 2002. By migrating its voice services from legacy to next-generation IP services, Genuity has been able to leverage its existing data infrastructure to carry voice traffic and dramatically reduce its overall expenditures on such items as voice circuits, minutes-of-use charges and other related expenses.
Through the implementation of Genuity's Enterprise Voice over IP service, a "typical" enterprise customer could potentially reduce its total data and telecommunications costs by an estimated 40 percent. The around-the-clock and global nature of Genuity's business, combined with its ability to implement the service without having to incur additional connectivity costs, resulted in the company's 57 percent annualized savings.
"We are extremely pleased with the initial results from the implementation of our Enterprise Voice over IP service for outbound calling," said Joe Farina, president and chief operating officer of Genuity. "We have been able to dramatically reduce our overall telecom spending, while still enjoying the type of high-quality voice and data services that businesses like ours demand. In an environment where all companies, including Genuity, are looking for immediate cost-savings, we are now able to show our customers and potential customers, from firsthand experience, the savings they can achieve by using Enterprise Voice over IP."
Genuity's implementation of the Enterprise Voice over IP service in Woburn was completed in February 2002. In addition, Genuity recently finalized the migration of its second-largest office, located in Lewisville, Texas, to the service for all of that facility's outbound calling. Genuity will also continue to extend the Enterprise Voice over IP service capabilities to its other office locations in the future.
Genuity's Enterprise Voice over IP integrates voice and data traffic onto a single, multi-protocol IP network infrastructure utilizing Genuity's Tier 1 IP backbone. A significant step forward in the convergence of voice and data services, Genuity's Enterprise Voice over IP service provides cost-effective, high-quality voice and data communication for enterprise customers and support for future IP-based applications.
Earlier this year, Genuity's Enterprise Voice over IP service was honored as a recipient of the prestigious TMC Labs Innovation Award for 2002. The award honors products and services that demonstrate raw innovation, unique features, and significant contributions toward improving communication technology.
About Genuity
Genuity is a leading provider of enterprise IP networking services. The company combines its Tier 1 network with a full portfolio of managed Internet services, including dedicated and broadband access, Internet security, Voice over IP (VoIP), and Web hosting to provide converged voice and data solutions. With annual revenues of more than $1 billion, Genuity (NASDAQ: GENU and NM: Genuity A-RegS 144) is a global company with offices and operations throughout the U.S., Europe, Asia and Latin America. Additional information about Genuity can be found at www.genuity.com.
Copyright(c)2002 Genuity Inc. All Rights Reserved. Genuity and Enterprise Voice over IP are trademarks of Genuity Inc. All other trademarks are the property of their respective owners.
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Source: Genuity
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