Net2Phone to Provide VoIP Services in Vietnam with Largest ISP
April 01, 2004 08:30 AM US Eastern Timezone
NEWARK, N.J. & CHICAGO & HANOI, Vietnam--(BUSINESS WIRE)--April 1, 2004--Net2Phone Global Services (NGS), LLC, a wholly owned subsidiary of Net2Phone, Inc. (Nasdaq: NTOP), the leading provider of retail Voice over IP (VoIP) services, today announced that state-owned Vietnam Datacommunications Company (VDC), the largest provider of data services in Vietnam, has today launched a campaign to market Net2Phone's VoIP services to its corporate and residential customers throughout Vietnam.
Net2Phone provides a suite of SIP-based hosted telecommunications solutions to telcos and ISPs globally facilitating quick roll out of cost effective quality VoIP solutions. For Vietnam, Net2Phone has partnered with VITC, a U.S.-based communications firm with operations in Asia, to secure relationships with top Vietnamese ISPs, including VDC, to deliver services to both small-to-mid sized businesses and consumers. VDC is the largest data services provider in Vietnam with 65% market share, servicing 1.6 million customers nationwide.
"Net2Phone brings about true convergence of voice on data networks, empowering us to provide a bridge for Vietnamese customers to access quality affordable telecommunications services," said Thomas O'Connor, CEO of VITC. "We are excited to deliver best-of-breed technology throughout Vietnam, drawing on Net2Phone's expertise combined with our ability to target effective solutions for the Vietnamese marketplace."
The companies jointly designed these solutions to cater to the needs of the Vietnamese marketplace, including billing in Dong, the local currency, and providing customer support in Vietnamese with web-based account-management tools and software.
"Net2Phone's services deliver added value to our customers, providing affordable communications while giving us a 'sticky' application to retain customers," said Mr. Hoang Minh Cuong - Deputy Director at VDC. "Their ability to customize solutions by offering solutions in our currency and language while giving us flexibility of products to offer to our different customers has been exceptional."
According to the International Telecommunication Union (ITU), Vietnam is the second fastest-growing telecommunications marketplace in the world. With more than 80 million people in the country, Vietnam represents a large market of customers looking for cost-effective communication solutions.
"With their tremendous distribution networks within both the corporate and residential sectors, both VDC and VITC are well positioned to accelerate the adoption of VoIP services throughout Vietnam," said Jonathan Reich, CEO of Net2Phone Global Services. "As the market leader with the support of the Vietnamese government, VDC is an ideal channel partner for Net2Phone, enabling us to provide value-added telecommunications services leveraging their footprint and our platform."
This arrangement builds on Net2Phone' strategy to offer hosted telecommunications solutions to partners globally, enabling them to offer low-cost VoIP services to their customers quickly, easily and at a low incremental cost. As a hosted provider, Net2Phone uses its centrally managed platform to empower its partners with the tools they need to offer consumer and corporate customers a full suite of telecommunications services, including residential broadband telephony, calling cards, corporate solutions, VoIP services for Internet cafes and public call centers, and prefix code dialing services.
About Net2Phone
Net2Phone is the only provider of PacketCable, SIP and wireless VoIP solutions in the world. As leaders in enabling telecom service providers and cable operators with turn-key hosted VoIP telephony services, Net2Phone has routed billions of retail VoIP minutes globally, servicing more than 100,000 users in the US as well as hundreds of thousands of more overseas. Net2Phone's hosted SIP platform provides partners with residential broadband telephony, calling cards, prefix dialing and enterprise services in over 100 countries. Net2Phone's PacketCable platform provides cable operators with the ability to deliver a primary line replacement service with guaranteed QoS and features such as E911. Traded on the NASDAQ under the symbol NTOP, Net2Phone's strategic partners and investors include Liberty Media Corporation (NYSE: L; LMC.B) and IDT Corporation (NYSE: IDT; IDT.C). For more information about Net2Phone's products and services, please visit www.net2phone.com.
About VDC
VDC, a subsidiary under VNPT (Vietnam Posts and Telecommunications Corporation), is a leading company in the IT industry in Vietnam. VDC is one of the larger IXP/ISPs and occupies approximately 65% of the market share of Internet service providers in Vietnam with growth of 200% annually. VDC is the only ISP with Internet network coverage in 63 provinces and cities throughout Vietnam. Some of the main products and services provided by VDC include: Internet, Frame relay, online services, training and consulting services and IT Integrated solutions. Some recent projects include: Design and set-up of the accounting system WAN for Post Offices in the cities and provinces all over the country; and Designing and set-up of the Internet network in all provinces and cities of Vietnam. For more information about VDC's products and services, please visit vdc.com.vn.
About VITC
VITC is a next-generation, leading telecommunications carrier with international network operations focused on serving the needs of rapidly growing markets in Asia. As a U.S.-based carrier with extensive operations there and other rapidly developing telecommunication markets around the world, VITC provides a bridge for its customers to access markets for voice, data, and other networking services using the latest technologies. For more information about VITC services, please visit vitcnet.com. |
