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Technology Stocks : STAR Telecommunications (STRX) -- Ignore unavailable to you. Want to Upgrade?

To: Arrow Hd. who wrote (743)	12/9/1999 8:55:00 AM
From: Ellen	Read Replies (2) \| Respond to of 780

I'm surprised this news has not been posted or discussed. Telstra and STAR Telecom Form Network Alliance Business & Technology Editors SANTA BARBARA/SAN FRANCISCO--(BUSINESS WIRE)--Dec. 8, 1999--STAR Telecommunications Inc. (Nasdaq:STRX) and Telstra Inc., a subsidiary of Telstra Corp. (NYSE:TLS) today announced a network alliance that will accelerate Telstra's expansion in the United States. STAR Telecom will provide Telstra with bandwidth capacity and network control services from its data center in Los Angeles. Under the terms of the contract, Telstra will utilize STAR's DMS 250/300 international gateway switch on the West Coast. "This agreement is an extension of our long-standing relationship with STAR Telecommunications in providing global networking services between the U.S. and the Asia Pacific region," said Peter Williamson, CEO of Telstra Incorporated, the U.S. subsidiary of Australia's Telstra Corp. "We are extremely pleased to partner with Telstra's North American operations," commented Chris Edgecomb, Chairman and CEO of STAR Telecom. "We look forward to this partnership with Telstra, as they expand their presence in the U.S. marketplace." "This partnership plays a key role in increasing Telstra's presence in the U.S.," Williamson said. "It will greatly enhance the networking capabilities that Telstra is putting in place across the U.S. and will help us to provide end-to-end service to wholesale and retail customers alike." About Telstra Inc. Telstra Corporation Limited is the leading full service carrier in Australia and a major telecommunications player in the Asia Pacific region. Drawing on its 50-year involvement in the global telecommunications industry, Telstra provides expert advice on worldwide networking to international and multinational companies. Telstra owns and operates one of the most technologically advanced networks, offering end-to-end solutions ranging from broadband, IP, mobile and intelligent network services to voice and data network hubs, call centers, and advanced multimedia and e-commerce applications. A top tier global carrier with annual revenue of A$18.2 billion (US$11 billion), Telstra placed 62nd in Business Week's 1999 Global 1000 ranking of the world's most valuable companies by market value. Telstra is building The Millennium Network(TM) for the Sydney Olympic Games, one of the largest and most comprehensive voice, fax, data, and video networks the world will have ever seen for the transmission of an international event. Additional information on Telstra and its services is available by calling 1-877-Telstra or viewing Telstra on the World Wide Web at telstra.com. About STAR Telecommunications Inc. STAR Telecommunications provides global telecommunications services to consumers, long distance carriers, multinational corporations and Internet service providers worldwide. STAR provides international and national long distance services, international private line, prepaid calling cards, dial-around services and international toll free services. Visit STAR at www.startel.com. Except for the historical information contained herein, this news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. The Company's future actual results could differ materially from the forward-looking statements discussed herein. A list of the factors that could cause actual results to differ materially can be found in the documents the Company files with the SEC, including those contained in STAR's prospectus, and the Form 10-Q for the period ended Sept. 30, 1999. --30--ECQ/la* CONTACT: STAR Telecommunications Inc. Investor Relations, 800/899-1962 ir@startel.com www.startel.com or Telstra Incorporated Cathy Clarke, 203/532-1339 cnca@ix.netcom.com KEYWORD: CALIFORNIA INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Dec-08-1999 12:46 GMT Symbols: US;STRX US;TLS Source BW Business Wire