Australia's Comindico Directly Interconnects its VoIP Network to ITXC.net Using ITXC VoIPLink Service.

Business Editors/High-Tech Writers

PRINCETON, N.J. & SYDNEY, Australia--(BUSINESS WIRE)--March 10, 2004

Direct VoIP Internetworking Reduces Call Costs and Enhances the Quality of International Calling for the Benefit of Comindico's Business and Wholesale Customers

ITXC Corp.(R) (NASDAQ:ITXC) and Comindico, a leading IP network provider in Australia, today announced that Comindico is using a direct VoIP interconnection to ITXC.net(R) through ITXC's VoIPLink(TM) Service, providing its business and wholesale customers with cost-effective, high quality connections to every phone in the world outside of Australia.

ITXC is the leading wholesale provider to carriers of global long distance services based on VoIP and is one of the largest international voice carriers of any kind. Comindico, via its eCall service, delivers VoIP and other Internet applications and services across its 100% IP network in Australia.

ITXC's VoIPLink service supports direct transport of VoIP calls between Comindico and ITXC.net, enabling Comindico to reduce its costs and complete customer calls with the option of scaling capacity and destinations as customer demand requires. As part of the agreement, Comindico also carries a portion of ITXC.net's VoIP traffic to Australia.

"This agreement to interconnect with ITXC was a simple decision," said John Stuckey, Chief Executive of Comindico. "It was ITXC who passed the first IP to IP call out of the US with a single hop to Australia. They operate the largest global VoIP network, deliver high-quality and competitive rates, and make it easy for us to directly interconnect our VoIP networks together without having to convert to PSTN."

"Through the recent launch of its eCall service, Comindico is driving the latest VoIP technologies into the Australian telecom market," said Diarmid Massey, ITXC Managing Director for Asia. "We applaud their progress in rolling out VoIP in Australia and recognizing the benefits of VoIP. Through VoIPLink, Comindico directly connects its VoIP network to ours and receives the benefits of VoIP for their global off-net traffic."

Recently, ITXC announced the general availability of its VoIPLink service. Replacing the difficult custom-engineered VoIP connections of the past, ITXC VoIPLink Service makes VoIP internetworking practical by significantly improving the range of operability, establishing carrier-class demarcation between networks, and increasing speed of deployment. Direct VoIP connections are more cost-efficient and scalable than traditional TDM connections.

About Comindico:

Comindico was founded in August 2000 and has since spent more than $400 million to build a single fully integrated IP network. The Comindico network consists of 66 strategically located points of presence (PoPs), five domestic peering providing nationwide coverage to more than 98% of Australia. Comindico provides internet access to over 350 internet services providers in Australia and has recently launched its own VoIP service, eCall, to the business market bringing an end to national call rates. More information is available at www.comindico.com.au.

About ITXC:

ITXC Corp. is one of the world's leading carriers based on minutes of international traffic carried. As a carriers' carrier, ITXC serves all major carriers in the US; many incumbent carriers worldwide including China Telecom, PLDT, Telkom South Africa, Telecom Colombia, Telenor, Telia, and VSNL; and emerging and competitive carriers including Intelig in Brazil and Data Access in India. ITXC also serves a growing number of mobile carriers including China Mobile and Smart Communications, leading mobile carriers in their respective markets.

ITXC is the global market segment share leader in VoIP international calling and one of the largest international voice carriers of any kind. ITXC's VoIP network connects to circuit networks using switchless ITXC SuperPoPs in London, Frankfurt, Hong Kong, LA, and NJ or using ITXC-managed SNARCs(R) co-located in the customer's central office. ITXC.net connects to VoIP-enabled networks with direct peer VoIP interconnects. Approximately a third of ITXC's current traffic is originated or terminated via a direct VoIP interconnect. ITXC has VoIP interconnects with over 140 carriers or service providers in 60 countries.

For more information about ITXC, please visit www.itxc.com

Forward-looking statements

ITXC has included in this press release certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning ITXC's business, operations and financial condition. "Forward-looking statements" consist of all non-historical information, and the analysis of historical information, including any references to future revenue growth, future expense growth, future credit exposure, future profitability, anticipated cash resources, anticipated capital expenditures, capital requirements, and the Company's plans for future periods. In addition, the words "could", "expects", "anticipates", "objective", "plan", "may affect", "may depend", "believes", "estimates", "projects" and similar words and phrases are also intended to identify such forward-looking statements.

Actual results could differ materially from those projected in the Company's forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other things, (i) uncertainties inherent in the execution of the proposed merger with Teleglobe, including but not limited to, transaction costs, the subsequent integration effort and retention of key employees, customers and suppliers through the merger process; the inability to capture anticipated synergies; the risk of disapproval or delay by governmental entities of the proposed transaction; the risks of delay in consummation of the transaction; the ability of Cerberus Capital Management, L.P., Teleglobe's current controlling shareholder and majority owner of Teleglobe after the merger, to exert control over the combined company; the risk that Teleglobe is not currently a publicly traded company; the risk that material adverse changes to either entity may prevent the transaction from closing or render it less desirable than anticipated; and the risk that Teleglobe may not be able to effectively execute its business plan and (ii) other risks, including the volatile and competitive environment for Internet telephony and telecommunications; changes in domestic and foreign economic, market and regulatory conditions; the inherent uncertainty of financial estimates and projections; uncertainly inherent in litigation; unanticipated technological difficulties; the risk that Teleglobe may not be able to access sufficient capital; the creditworthiness of and relationship with our customers; Teleglobe's anticipated debt level and the inherent lack of flexibility resulting therefrom; future transactions; risks inherent in being subject to significant regulation; the possibility that the merger may not close; and other considerations described as "Risk Factors" in Exhibit 99.1 to ITXC's Annual Report on Form 10-K for the year ended December 31, 2002 and in other filings by ITXC with the SEC and the other considerations described as "Risk Factors" in the Registration Statement on Form S-4 filed by Teleglobe Bermuda Holdings Ltd with the SEC. All such forward-looking statements are current only as of the date on which such statements were made. ITXC does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.