GTS news (actually sounds like more of an update than news, but who knows how it'll be received). Sorry about formatting, too hard to fix from the source involved...
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(COMTEX) GTS Completes Roll Out of Pan-European ISP Infrastructure Ahead of Schedule
WASHINGTON and LONDON, Jul 7, 2000 (BUSINESS WIRE) -- Global TeleSystems, Inc.
(GTS) (NYSE: GTS; Easdaq: GTSG; Frankfurt: GTS), today announced that it is now
offering Internet access and a range of other Internet and e*Business services
over a single pan-European Internet service infrastructure in 35 cities and 12
countries in Western Europe.
The development of GTS's "Euro ISP" platform was completed five months ahead of
schedule and immediately positions GTS as one of the leading Internet service
providers (ISPs) operating across Europe, and the only pan-European ISP
operating a seamless European Internet infrastructure. Businesses across Europe
can now take advantage of a suite of Internet Services powered by GTS's
high-performance Internet backbone, GTS Ebone, which operates at 2.5 Gbps with
zero packet loss.
H. Brian Thompson, chairman and chief executive officer of GTS, said: "The
launch of the GTS Euro-ISP platform solidifies our position today as THE
Internet and e*Business platform of Europe. This enhanced Internet service
delivery capability perfectly complements GTS Ebone and our hosting centers to
give businesses and Internet-centric companies the pan-European connectivity,
speed and quality-guaranteed services to achieve their vision through the
Internet."
Amit Pau, president of GTS e*Business Products, added: "By taking advantage of
the superior connectivity, service experience, speed and security that the
Euro-ISP platform provides, we are helping companies create virtual communities
that enable them to build even better relationships with their customers,
partners and employees. Our goal is to make e*Business easier by lowering costs
while improving performance."
GTS's complete Internet service solution for businesses also includes access to
a wide range of services such as e-mail, news feeds, Web space, file transfer
and Web browsing. GTS will also be one of the only ISPs to bundle voice and data
services, including voice over IP (VoIP).
About GTS (www.gtsgroup.com)
Global TeleSystems, Inc., is the leading provider of e*Business and borderless
broadband services across Europe, serving businesses and carriers with a range
of broadband, hosting, Internet/IP and voice services. As an industry leader in
Europe, the company has the largest cross-border fiber optic network; the
largest Tier-1 IP backbone (GTS Ebone); the most widely deployed pan-European
e*Business sales and service staff and the largest pan-European customer base.
GTS's first and most extensive trans-European broadband fibre network includes
on-net points of presence in 35 European cities (with plans for 50 cities) and
stretches across 17,500 route kilometres (with plans for 25,000 route
kilometres) with five city enterprise networks (CENs), providing intra-city
bandwidth (with plans for a total of 16). GTS has also announced plans to build
an advanced trans-Atlantic dual-cable system in a joint venture with FLAG
Telecom. GTS has corporate offices in the metropolitan Washington, D.C., area
and European headquarters in London, as well as sales and support offices in 20
countries.
This press release may include forward-looking statements that involve risk and
uncertainty. Although the company believes its expectations reflected in such
forward-looking statements are based on reasonable assumptions, no assurance can
be given that such projections will be fulfilled. Any such forward-looking
statement must be considered along with knowledge that actual events or results
may vary materially from such predictions due to, among other things, political,
economic or legal changes in the markets in which GTS does business, competitive
developments or risks inherent in the company's business plan. Readers are
referred to the documents filed by GTS with the U.S. Securities and Exchange
Commission, specifically the most recent reports filed under the Securities
Exchange Act of 1934 and registration statements filed pursuant to the
Securities Act of 1933, which identify important risk factors.
CONTACT: Global TeleSystems, Inc.
Investors and U.S. Media
Robert Capozzi, Vice President
Investor Relations and Corporate Communications
703/236-3140
fax: 703/236-3606
pager: 800/331-4741
bob.capozzi@gtsgroup.com
or
Patti Grohs, Senior Manager, Investor Relations
703/236-3170
fax: 703/236-3606
patti.grohs@gtsgroup.com
or
European Media
Glenn Manoff, Director of Communications
Tel.: +44-(0)-207-769-8290
fax: +44-(0)-207-769-8084
mobile: +44-(0)-467-446-087;
glenn.manoff@gtsgroup.com
or
Christine Fisk, Noiseworks
Tel: +44-(0)-1628 628-080
fax: +44-(0)-1628-779-999
christinef@noiseworks.com |
