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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?

To: Smear_campaign who wrote (13299)	8/22/1999 11:12:00 PM
From: blankmind	Read Replies (1) \| Respond to of 30916

two good articles on idtc transatlantic fiber (thanks to vihn for the articles). IDT Acquires Fiber Capacity on Transatlantic Cable System Leading telco purchases IRU on undersea fiber and cable; results in reduced terminating costs and improved margins HACKENSACK, NJ - November 7, 1997 - IDT Corporation (NASDAQ: IDTC), a leading provider of low-cost international telecommunications, today announced that it has signed an $8 million agreement with Global Telesystems Ltd. to acquire an indefeasible right of use (IRU) on transatlantic cable between the US and UK on the Atlantic Crossing (AC1) cable network. The new route will be connected to the existing IDT telecom network, and is a critical step toward achieving the Company's strategic initiative of expanding its worldwide telecom infrastructure. The Company expects to begin routing traffic over the new cable network by June 1998, which is expected to result in significantly reduced operating costs, improved margins, and decreased terminating rates. This new acquisition further establishes IDT as a fast-growing international carrier. The purchase of the STM-1 cable, which is equivalent to three DS3s (155 megabits of capacity), replaces leased circuits between the US and UK, and is expected to reduce the transatlantic portion of the costs by a substantial magnitude. The cable will provide more than 10 times the current leased capacity. The Company has also secured favorable financing commitments, and intends to expand its cable network throughout 1998 with fiber connecting the UK and additional European countries. This purchase will also provide the Company with an expanded UK facility that will mirror IDT's US facilities from a management, technical, and cost perspective, and gives the Company a strong beachhead in the European market, which will position the Company well to compete with the European telcos as those markets deregulate in the coming year. "Buying the right to use these routes allows us to improve service and quality for IDT customers and will help us further emerge as an industry leader," said IDT President Jim Courter. "This agreement will enable IDT to route more traffic over our own network, decrease our cost structure, improve gross margins, and will result in quicker provisioning for both wholesale and retail customers. We look forward to continuing to expand our worldwide telecommunications network in the coming quarters." The Atlantic Crossing cable system combines state-of-the-art wavelength division multiplexing with erbium-doped fiber amplifier technology, making it the most powerful cable system and assuring customers capacity on demand. AT&T (NYSE: T) signed an agreement with AC1 earlier this year to build this cable network. IDT Corporation is a diversified telecommunications company with seven years of innovation within the international telecommunications arena offering a variety of wholesale and retail services. The Company routes and resells international long distance services to individuals and businesses in over 225 countries and to telecommunications carriers in the US and overseas. The Company currently has over 400,000 retail customers using an array of services including international long distance, Internet, and Internet telephony services. The Company is a leader in Internet telephony, routing telephone calls over the Internet at substantially reduced rates. Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements involving risks and uncertainties. Important factors that could cause actual results to differ materially from such forward-looking statements, include, but are not limited to, the competitive environment for Internet telephony, changes of rates of all related telco rates and services, legislation that may affect the Internet Telephony industry, IDT's ability to operate the services described on a large scale commercial level. For additional information regarding these and other risks associated with the Company's business refer to the Company's reports filed with the SEC. Sarah Hofstetter Director, IDT Public Relations 201-928-2882 idt.net

To: Smear_campaign who wrote (13299)	8/22/1999 11:13:00 PM
From: blankmind	Respond to of 30916

article two on idtc's trans atlantic fiber cable IDT Acquires CANTAT Fiber Capacity on Transatlantic Cable System Leading telco purchases second IRU on undersea fiber and cable; results in improved service and reliability, reduced terminating costs and improved margins HACKENSACK, NJ - November 11, 1997 - IDT Corporation (NASDAQ: IDTC), a leading provider of low-cost international telecommunications, today announced that it has acquired an indefeasible right of use (IRU) on transatlantic cable between the US, Canada and the UK on the CANTAT-3 cable network from Teleglobe International. The new route will be connected to the existing IDT telecom network, and will provide full redundancy for IDT's telecom traffic, which will also be routed over the Company's newly acquired AC1 cable network between the US and UK. Service on the CANTAT-3 system is scheduled to begin in January 1998. "Fiber optic ownership and enhanced switching capabilities are essential to our strategy of further reducing costs and improving margins," said IDT's President Jim Courter. "We have greatly expanded the breadth and capabilities of our global network, and by providing an unmatched combination of transmission quality, reliability and capacity, we expect to see tremendous growth in our telecommunications division in the coming quarters." IDT ownership of the CANTAT-3 cable system enables the Company to offer customers high quality services at competitive rates and the benefits of one of the most advanced telecom systems in the world. Teleglobe International will be providing IDT with the Globesystem Atlantic cable system, the first transatlantic link to use synchronous digital hierarchy (SDH) technology. "We are pleased with our new relationship with IDT," said Dennis Standiford, Director of International Network Sales for Teleglobe International. "As a rapidly growing carrier with a global presence, IDT's commitment to the international market is underscored by their purchase on Globesystem Atlantic between the United States and the United Kingdom." The $1.2 million system, linking the US, Canada and the UK, will work with existing and future systems in the region to serve as a key link for international communications as well as reduce operating costs, improve margins, and decrease terminating rates. This is IDT's second fiber expansion this year. The company bought a 5,882 km route from Global Telesystems that runs from the US directly to the UK. All totaled, IDT has more than 12,600 fiber route kilometers of capacity between the US and UK. This new acquisition will further position IDT as a Tier I carrier as it significantly increases IDT's service and reliability. The purchase of the cable not only replaces leased circuits between the US and UK, but is expected to serve as both an alternate route for US-UK traffic and a primary route for Canada-UK and Canada-US traffic. The cable will provide more than 150% the current leased capacity, and will reduce the transatlantic portion of the call significantly. IDT Corporation is a diversified telecommunications company with seven years of innovation within the international telecommunications arena offering a variety of wholesale and retail services. The Company routes and resells international long distance services to individuals and businesses in over 225 countries and to telecommunications carriers in the US and overseas. The Company currently has over 400,000 retail customers using an array of services including international long distance, Internet, and Internet telephony services. The Company is a leader in Internet telephony, routing telephone calls over the Internet at substantially reduced rates. Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements involving risks and uncertainties. Important factors that could cause actual results to differ materially from such forward-looking statements, include, but are not limited to, the competitive environment for Internet telephony, changes of rates of all related telco rates and services, legislation that may affect the Internet Telephony industry, IDT's ability to operate the services described on a large scale commercial level. For additional information regarding these and other risks associated with the Company's business refer to the Company's reports filed with the SEC. Sarah Hofstetter Director, IDT Public Relations idt.net