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

To: Spaw who wrote (406)	11/3/1998 8:12:00 AM
From: Candle stick	Read Replies (1) \| Respond to of 780

IXC and STAR Telecommunications Enter 20-Year $31 Million Capacity Agreement Tuesday November 3, 7:01 am Eastern Time AUSTIN, Texas--(BUSINESS WIRE)--Nov. 3, 1998--IXC Communications, Inc. (Nasdaq: IIXC - news) and STAR Telecommunications, Inc. (Nasdaq: STRX - news) today announced that STAR will purchase capacity on IXC's U.S. based digital fiber network. Under a 20-year, $31 million indefeasible right of use (IRU) agreement, IXC will be a major supplier of network capacity for STAR's domestic long-distance traffic. IXC will provide STAR with capacity into Los Angeles, Dallas, Atlanta, Miami and Phoenix, as well as capacity into metropolitan areas opened up by IXC's rapidly expanding national network. The agreement also provides the basis for future leased capacity, switched services, international capacity and collocations in various cities. ''STAR is aggressively expanding its global operations and we welcome the opportunity to provide a technologically advanced network to carry their domestic traffic,'' said Ben Scott, chairman and CEO of IXC. ''We look forward to working with STAR in a long and mutually beneficial relationship.'' ''STAR's agreement with IXC shows our commitment to expanding our proprietary domestic network,'' said Christopher Edgecomb, chairman and CEO of STAR. ''It is critical to our long term strategy that our vendors provide the highest quality backbone fiber service as well as switched termination services. We are confident that IXC will deliver the technology and service needed to support the completion of our domestic fiber network.'' The fiber optics being deployed in all stages of IXC's network development utilize state-of-the-art LS non-zero dispersion shifted fiber on secure rights of way. IXC's fiber optic network supports the most advanced technology, including wave division multiplexing, which allows significant increases in the speed and volume of information carried across the network. The OC-192 equipped network also supports a full range of advanced communications technologies, such as synchronous optical network technology (SONET), as well as ATM (asynchronous transfer mode) and frame relay technologies for advanced data services. About STAR Telecommunications STAR Telecommunications is a multinational long-distance provider offering switched-voice services to long-distance carriers and commercial customers throughout the world. STAR provides international long distance service through a global network of digital switching facilities and undersea fiber optic cable systems. STAR Telecom holds domestic switching facilities in New York, Los Angeles, Dallas and Miami, and international switching facilities in London, Frankfurt, Hamburg, Dusseldorf and Munich. Visit STAR Telecom at www.startel.com. About IXC IXC's network-based delivery solutions are designed to address the speed and capacity requirements of the global communications market. Having completed the first new coast-to-coast fiber optic network in the United States in more than a decade, IXC Communications, Inc. is at the forefront of the industry's new class of emerging domestic and international carriers. IXC offerings include private line, broadband, Internet and long distance switched and dedicated services. IXC is a publicly traded company listed on Nasdaq under the symbol IIXC. IXC's Web site is at www.ixc-comm.com. Except for the historical information contained herein, this press 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 the Company's prospectus, and the Form 10-Q for the quarter ended June 30, 1998. Contact: IXC Communications, Inc. Melissa Jackson, 512/231-5247 (Media Relations) mjackson@ixc-comm.com or Greta Wiechman, 888/267-9478 (Investor Relations) gwiechman@ixc-comm.com or STAR Telecommunications Morgen Walke Associates (Media Contacts) Chris Danne or Todd Friedman, 415/296-7383 tfriedman@mwa-sf.com or Kelly Eno or Ben Helvey, 805/899-1962 (Investor Contacts) ir@startel.com biz.yahoo.com