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(LTWV) Clarent and LiteWave Selected to Provide IP Telephony to Russia's Largest Phone Company; Companies Selected for Four City Deployment for Rostelecom
REDWOOD CITY, Calif., Oct 11, 1999 (BUSINESS WIRE) -- Clarent(R) Corporation (Nasdaq: CLRN), a worldwide leader in carrier-grade, phone-to-phone IP telephony solutions, and LiteWave Corp. (OTCBB: LTWV), a telecom network solutions company utilizing Voice over Internet
Protocol (VoIP) technology delivery via fiber optic, Internet circuit and satellite systems, announced today that they have been selected to install IP telephony in Russia for Rostelecom, Russia's primary incumbent long distance phone carrier.
The initial deployment will offer Clarent-based IP telephony long distance calling services to people in Moscow, St. Petersberg, Yazoslavl and Volgogzad.
Currently, there are approximately 25 million telephones for an estimated 140 million people in Russia. There is strong and increasing demand for more telecommunications infrastructure and for long distance calling alternatives within Russia. Crosna, a Russian satellite communications company, has been working in a joint venture with
Rostelecom to increase these long distance calling services and bandwidth.
The Crosna/Rostelecom joint venture currently offers such services through an extensive terrestrial and satellite-based footprint and is looking to add IP telephony into this network. The new services are intended to increase long distance calling alternatives and to decrease
long distance calling costs for the people in Russia.
Crosna and LiteWave have formed a new joint venture to offer these IP telephony services to Rostelecom. The new joint venture, owned 50 percent by each company, is called LiteWave East. Clarent Corporation has been selected to provide IP telephony products to LiteWave East.
Within LiteWave East, LiteWave will manage the Clarent-based IP telephony technology for Crosna/Rostelecom. Crosna will provide access to Rostelecom's customers, a satellite network, and also the required telecommunications licenses.
The Clarent-based IP telephony services are targeted to roll out in phases. The first phase is planned to be the initial four city, land-based deployment. In the next phase, Clarent intends to offer Clarent-based services through the Crosna/Rostelecom satellite-based network to additional locations in Russia.
"Clarent is delighted to be selected to offer IP telephony products that will be deployed for Rostelecom," said Jerry Chang, CEO and president, Clarent Corporation. "IP telephony will increase long distance calling alternatives in Russia and will also form the foundation for a variety of new IP-based phone calling services that can be offered to the people in Russia."
"LiteWave's personnel have extensive experience providing international VoIP telecommunications services, and are pleased to be installing a seamless VoIP network through its joint venture with Crosna," said Ian Lambert, director, LiteWave Corporation. "We look forward to helping Rostelecom deploy a state-of-the-art IP telephony network in Russia."
The first set of IP telephony long distance calling services for Rostelecom's customers is expected to be available in the fourth quarter 1999.
Forward Looking Statements
This release may contain forward-looking statements regarding Clarent's products, business, customers or other factors that may affect future earnings or financial results of Clarent and LiteWave. Such statements involve risks and uncertainties, including but not limited to potential issues relating to interoperability, inability to
introduce new products, ability to retain key personnel and key customers and other factors, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. These risks and uncertainties are described further in the risk factors discussed in the quarterly report filed with the
Securities and Exchange Commission on August 16, 1999.
About Clarent Corporation
Clarent Corporation is a premier provider of scaleable, IP telephony products to carriers and Internet service providers around the world. Clarent's intelligent architecture and the Clarent Command Center enable Clarent products to route, manage, inter-connect and terminate
high volumes of calls for service provider customers including the world's largest long distance telecommunication companies.
According to a Cape Saffron report published in 1999, more minutes travel across Clarent-enabled networks worldwide than those of any other equipment supplier.(1)
Founded in July 1996, Clarent is headquartered in Redwood City and has offices in major cities in Asia, Europe, Latin America and North America. Additional information about Clarent is available at clarent.com.
About LiteWave Corporation
LiteWave Corporation (or the "Company") is a telecommunications company with headquarters in Aventura, Fla., and satellite offices in Vancouver, Seattle and Berlin. LiteWave was formed to take advantage of
the explosive growth in the global digitized telecommunications industry.
The Company has positioned itself to be a leader in international telecommunications by developing and providing the latest VoIP telecom solutions, products and services to the global marketplace. The Company has also capitalized on management's extensive industry experience and established worldwide relationships to rapidly expand the business.
Company growth will be accelerated through the planned acquisition of current revenue generating telecom companies, established strategic partnerships and joint venture agreements with private and government telephone companies. Additional information about LiteWave is available at litewavecorp.com.
Note to Editors: Clarent is a registered trademark of Clarent Corporation in the United States and other jurisdictions. All other company or product names mentioned may be trademarks or registered trademarks of the respective companies with which they are associated.
(1) Cape Saffron "Global IP Voice/ Fax Market 1999." Cape Saffron is a UK-based research group focused on the international voice market. capesaffron.com
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
CONTACT: Clarent Corporation, Redwood City
Amy Wright, 650/481-1743
amy@clarent.com
or
LiteWave Corporation
Ian Lambert, 800/545-7214
Ilambert@glofin.com
or
Phase Two Strategies for Clarent Corporation
Steven Fielding, 415/772-8451
steven_fielding@p2pr.com
WEB PAGE: businesswire.com
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