ACEN/Swift news similar to the other, but with a little more.
GLEN HEAD, N.Y.--(BUSINESS WIRE)--Dec. 15, 2000--AT&T (NYSE:T),
today announced that they have executed a definitive agreement for
Swift to acquire the AT&T Easylink business for $50 Million Dollars.
Regulatory filings and approvals are anticipated to be completed by
the middle of January 2001.
AT&T Easylink provides Telex, Facsimile, Electronic Mail, EDI
(B2B) and other value-added messaging services to over 30,000 business
customers worldwide and has operations in the US, UK, France and
Germany and with direct interconnect agreements and leased lines to
115 countries worldwide.
"The acquisition of Easylink will help accelerate the growth of
our network, customer base, and portfolio worldwide. We intend to,
build upon the Easylink tradition of providing a robust suite of
services coupled with outstanding customer care," said George Abi
Zeid, CEO of Swift. "Easylink's existing customer base will also
benefit from the new Value-added Business Services we plan to
implement in the network over the next twelve months. We feel that
the network, systems and personnel we will acquire through the
Easylink acquisition will position Swift as an industry leader in the
value-added messaging market."
The Swift group, which is comprised of Swift Telecommunications,
Inc. (Glen Head, New York), Swift Comtext Ltd. (London, UK), and
Alpha-Tel (Glen Head, New York) provide: Telex, Fax, Data, VoIP,
Outsourcing and Facilities Management service to retail and wholesale
customers, as well as carriers. Swift is headquartered in Glen Head,
New York with sales and computer facilities in New York City and in
countries overseas.
With the decline in the telex, fax and email business most
Administrations and Carriers continue to incur large overhead costs
associated with running their switch and telex network. Swift was
formed to acquire, outsource and/or perform facilities management for
the telex, fax and data business of PTTs and other carriers around the
world. On August 2, 2000 STI concluded the acquisition of GN Comtext
(Now Swift Comtext) in the UK. Swift acquired the telex, fax and email
business as well as the Network of leased lines in 46 countries and
the Tandem Switching System. In October 2000 Swift completed the
acquisition of Telemedia Networks, NA (TMI), previously a division of
Telecom Italia.
Swift has worked with Easylink in a number of different capacities
over the years and is confident with their knowledge of the Easylink
business.
Easylink's value-added messaging systems and services compete in
the global marketplace with companies such as MCI WorldCom
(Nasdaq:WCOM), British Telecom (NYSE:BTY), French Telecom (NYSE:FTE)
and other major communication carriers around the world.
Swift announced yesterday, December 14, 2000 that it had finalized
a Note Purchase Agreement with American Communications Enterprises,
Inc. (OTCBB:ACEN), a NASDAQ OTC Bulletin Board Company with symbol
ACEN. Please visit the ACEN web site located at www.americonnex.com
for additional information, and/or call Mr. Steve Wagoner at
(941) 923-1949 for a free Investor Package.
Certain statements included in this press release are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Actual results could differ
materially from such statements expressed or implied herein. Factors
that might cause such a difference include, among others, competitive
pressures, the company's ability to successfully implement traffic,
constantly changing technology, associated with recently formed
entities. As a result, this press release should be read in
conjunction with the Company's periodic filings with the SEC.
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CONTACT: American Communications Enterprises, Inc.
Sarasota, Fla.
Steve Wagoner, 941/923-1949
KEYWORD: FLORIDA NEW YORK NEW JERSEY
INDUSTRY KEYWORD: TELECOMMUNICATIONS INTERNET MERGERS/ACQ
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