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Technology Stocks : Infonet - Leader of Managed Data Communicaton Services -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (181)	6/11/2002 8:50:10 AM
From: JakeStraw	Read Replies (1) \| Respond to of 241

Infonet and KPN Telecom Sign Agreement to Provide IP VPN Services to KPN Telecom's Corporate Clients After KPNQwest Bankruptcy biz.yahoo.com HOOFDDORP, The Netherlands & EL SEGUNDO, Calif.--(BUSINESS WIRE)--June 10, 2002--Infonet Services Corporation (NYSE/FSE:IN), a leading provider of global communications services for multinationals, today announced that it has signed an agreement with KPN Telecom, the Netherlands telecommunications company. Under the terms of this agreement, Infonet and KPN will work jointly to provide alternative IP VPN services to KPN Telecom clients that use the IP VPN services of KPNQwest. This agreement gives KPN clients the opportunity to transition onto Infonet's global network in an orderly manner. With over 10 years of IP VPN leadership in the market and over 2,000 IP VPN clients such as Nestle, Gist Brocades and Volkswagen, Infonet's MPLS CoS enabled IP VPN capabilities are currently available in 50 countries throughout Europe, Asia and the Americas. Infonet's suite of IP VPN services optimises ROI for client's investments in enterprise applications. "We are pleased to partner with KPN to bring our robust global network solution to their clients who may be affected by the current uncertainty in the market caused by the bankruptcy of KPNQwest," said Donald Badoux, Vice-President Sales, Infonet EMEA. "A joint KPN and Infonet team will offer to migrate clients and Infonet Netherlands will be the delivery arm for the services to be provided. Infonet's financial stability and capabilities throughout Europe will facilitate the migration of these clients, as well as provide to them future opportunities for technological advancements and premier levels of customer service."