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Technology Stocks : Net2Phone Inc-(NTOP) -- Ignore unavailable to you. Want to Upgrade?

To: Hawaii60 who wrote (703)	8/31/1999 9:15:00 AM
From: Jenne	Read Replies (1) \| Respond to of 1556

76 3/4 premarket AT&T, NET2PHONE IN MANAGED IP NETWORKING AND COLLOCATION AGREEMENT PR NEWSWIRE - August 31, 1999 08:43 BASKING RIDGE, N.J., Aug 31, 1999 /PRNewswire via COMTEX/ -- AT&T (NYSE: T) today announced a contract to provide managed IP networking services and collocation services to Net2Phone, enabling Net2Phone to extend the international reach of its Internet telephony services over AT&T's global network. Under the terms of the contract AT&T Global Network Services, formerly the IBM Global Network, will provide managed IP networking services so Net2Phone can expand its PC-to-telephone presence to 17 countries, with a dozen other countries under consideration for future expansion. In addition, AT&T will provide collocation services for Net2Phone servers at AT&T's Local Interface Gateway locations (POPs) in those countries. "We are very pleased to expand our relationship with Net2Phone so its customers will have the benefit of the global reach of our network," said Bruce Jackson, vice president for network services, AT&T Global Network Services. "Voice over IP is one of the fastest growing and exciting services in our industry." "By effectively utilizing AT&T's robust network and co-locating our IP telephony gateways at their points of presence, we can now offer better service and lower cost to our customers as well as expand our IP scope," said Mordy Rothberg, executive vice president of Net2Phone.