Carrier1 Selects NCMR for Outsourcing.Business Editors/High-Tech Writers LONDON--(BUSINESS WIRE)--Jan. 29, 2002 In a move to cut costs and to increase significantly its IT development capacity, Carrier1, (Neuer Markt: CJN CJN Canadian Jewish News , NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CONE), a European provider of end-to-end communications solutions, announced that it has decided to outsource its applications development to NCMR NCMR National Conference on Media Reform NCMR National Center for Marine Research NCMR National Center for Microgravity Research NCMR National Conference on Manufacturing Research NCMR Non-Conforming Material Report Ltd., a software development company in Bangalore, India. "Outsourcing to NCMR will boost the capacity of our IT department to a level where we can deliver end-to-end automation of most business processes," said Per Selbekk, executive vice president and chief information officer of Carrier1. "In today's competitive market where margins are under pressure, it's imperative that we become as efficient as possible via a highly automated back office that provides excellent service to our customers." NCMR, which currently has a team of people completing a knowledge transfer at Carrier1's London headquarters, will begin its outsourcing function next week with delivery of the first completed projects expected by the end of March. About Carrier1 Carrier1 International S.A (Neuer Markt: CJN; NASDAQ: CONE), is one of Europe's top providers of system solutions for end-to-end Internet, broadband, voice, data-centre and dialup access communications
Access Communications Co-operative Ltd. to large users of telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. with a network that spans 14,000 contracted route kilometres in 13 countries, and links 35 European cities. Carrier1 provides its clients with carrier-grade transport and network solutions as well as end-user-ready, value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. that customers then brand and market to their respective users. For more information, please visit the Carrier1 website at www.carrier1.com. For further information please contact: Silke Wunderle Carrier1 Director Marketing Communications Marketing communications (or marcom) are messages and related media used to communicate with a market. Those who practice advertising, branding, direct marketing, graphic design, marketing, packaging, promotion, publicity, sponsorship, public relations, sales, sales silke.wunderle@carrier1.com Tel.: +49 69 66442 338 Forward Looking Statement The information contained in this press release contains "forward-looking" statements within the meaning of the U.S. federal securities laws. These statements can be identified by the use of forward-looking terminology such as "believes", "expects", "plans", "estimates", "may", "will", "should" or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks, uncertainties and assumptions. These statements include, among others, those regarding (i) the anticipated impact of the outscourcing to NCMR and (ii) the timing of the implementation of the outsourcing.. These statements are based on the current expectations of the management of the Company and performance is subject to risks, uncertainties and other factors that could cause actual results to differ materially from these statements. Such risks include but are not limited to: the deterioration of the market economy, including in Europe and the technology and telecommunications segments; the deterioration of the financial strength of our customer base; adverse regulatory, technological, judicial or competitive developments; decline in the Company's services or products; inability to develop and introduce new technologies, products and services on a timely basis; pressure on pricing resulting from competition; unforeseen construction delays and failure to receive on a timely basis necessary permits or other governmental approvals; failure to obtain any necessary financing when needed; performance failure by third parties with whom the Company has contracted including for the supply or maintenance of infrastructure components and by joint venture partners; the risk of termination of certain joint ventures through which the Company operates; the amount of indebtedness incurred by the Company and its obligations thereunder. For a more detailed discussion of these risks, uncertainties and other factors affecting the Company, please refer to the Company's Offers to Purchase and Consent Solicitations Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with Statement and the Company's prospectus and periodic reports filed with the U.S. Securities and Exchange Commission on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , 10-Q and 8-K, including its Form 10-K for the year ended 31 December 2000 and its Form 10-Qs Form 10-Q See 10-Q. for the quarters ended 31 March 2001, 30 June 2001 and 30 September 2001. Corresponding filings are available at the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. . |
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