CompuServe Announces Two-Year, Multi-Million Dollar Internet Telephony Agreement With Net2Phone; Value Leader Offers Low-Cost Calling Through Net2Phone Services.DULLES, Va.--(BUSINESS WIRE)--Nov. 23, 1999-- CompuServe, the value leader in Internet access See how to access the Internet. , today announced a two-year agreement with Net2Phone, Inc. (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 : NTOP NTOP Nt Option Pack ), the leading provider of Internet telephony services, that will provide CompuServe's U.S. members with Net2Phone Internet telephony calling card communications services. Under the terms of the agreement, CompuServe will promote prepaid and post-paid phone-to-phone Internet telephony cards for CompuServe customers, allowing users to place calls over Net2Phone's IP network to virtually anywhere in the world at reduced rates. The calling cards will be marketed throughout CompuServe and Net2Phone will handle back-end fulfillment, including the rating, routing, authorization, and customer service. Net2Phone will be the exclusive provider of Internet telephony phone-to-phone calling cards on CompuServe for one year. "As the Internet's value leader, we are delighted to offer our Custom Solutions, CompuServe 2000, CompuServe 2000 Premier, and Classic members the benefits of Net2Phone's services," said Audrey Weil, General Manager for CompuServe. "With Net2Phone's low-cost IP telephony calling cards, members can communicate with friends, family, and co-workers easily and affordably." About CompuServe CompuServe, the Internet value leader and a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of America Online, Inc. (NYSE NYSE See: New York Stock Exchange : AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. ), provides complete and comprehensive products, access, and innovative, value-oriented Custom Solutions applications for more than 2.2 million worldwide members at home, in the workplace and around the globe. CompuServe's recently upgraded CompuServe 2000 offers consumers faster Internet connections through V.90/56K bps access, easier installation and registration, expanded customization options, more powerful e-mail features, and simpler navigation all for $9.95 for 20 hours per month of connect time. In recent months, CompuServe has introduced several rebates to make owning a CompuServe and getting Internet access affordable and easy. Rebate partners include PC manufacturing partners HP, Compaq, eMachines and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and retail partners Circuit City, CompUSA, J & R ComputerWorld, and Office Max. CompuServe also offers a comprehensive, yet easy-to-navigate Web gateway for CompuServe members and Internet users which is available at www.CompuServe.com. |
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