TV Cidade Selects Net2Phone to Deliver Broadband Telephony Solutions Third Largest Cable Operator in Brazil to Launch Voice Services to Enterprise Customers
October 06, 2004]
NEWARK, N.J. --(Business Wire)-- Oct. 6, 2004 -- Net2Phone (NASDAQ: NTOP), a leading Voice over IP (VoIP) enabler for service providers, today announced that it has been selected by TV Cidade, the third largest cable operator in Brazil, to provide a suite of broadband telephony solutions to be offered in the Brazilian corporate market.
TV Cidade will market VoIP solutions to its customers under the name 'Ipervoz.' The service will initially be available for hotels and business located in the cities of Salvador, Recife and Aracaju. TV Cidade will offer its customers a variety of calling plans that significantly reduce the cost of long distance and international phone calls as a stand-alone product and as a bundled service with its Pay TV subscription brands 'NET' or 'Cabo Mais' and its High Speed Data (HSD) service known as 'Acesserapido.'
"We believe the Brazilian market represents a tremendous opportunity for Net2Phone," said Stephen Greenberg, Chief Executive Officer at Net2Phone "The Brazilian corporate market is hungry for a company that can offer a package which includes cutting edge technology, advanced features and the cost benefits that Net2Phone's VoIP solutions offer."
"We are excited to be able to offer our enterprise customers the benefits of VoIP through Net2Phone," said Marcos Henrique Costa, President of TV Cidade. "For enterprises who make hundreds of phone calls a day, telecommunication costs can be a serious consideration-with VoIP the value of is clear - businesses can save significantly on long distance and international phone calls."
Delivering value-added voice services in Brazil with TVC as well as its recently announced agreement with Primeira Escolha is another step in Net2Phone's strategy to deliver quality retail services internationally. This agreement builds on its recently announced deals with Cable & Wireless properties throughout the Caribbean and well as relationships with multiple cable operators, who have taken advantage of Net2Phone's centrally managed, hosted platforms supporting value added VoIP products and services economically. For Net2Phone, Brazil provides a great opportunity in growing its hosted VoIP platform and solution set in the largest South American market whose telecom sector has recently liberalized.
About TV Cidade
Founded in 1999 in Rio de Janeiro, Brazil, the TV Cidade is a company specialized in telecommunications infrastructure, which also holds concession for Pay TV subscription services in the main cities of the North and Northeast regions of the Country. The company has the following shareholders: SBC - company of the Grupo Silvio Santos, Band Cabo - company of the Grupo Bandeirantes, Diario Associados, besides the North American investment funds: HMT&F - Hicks Muse Tate and Furst and LAIF - Latin America Infrastructure Fund (GE Capital and AIG). In addition to Pay-TV, its range of services includes Broadband Internet (Acesserapido), IP telephony, Telemetry, Last Mile (Circuit or Dark Fiber on Demand "DFD") communication links for operators and corporate market.
About Net2Phone
Net2Phone provides VoIP PacketCable, SIP and wireless solutions around 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. |
