Equant Wins Five-Year, $7 Million Frame Relay Contract With IT-Austria.Business Editors ATLANTA--(BUSINESS WIRE)--Aug. 14, 2002 Equant connects 50 IT-Austria sites worldwide Equant (NYSE NYSE See: New York Stock Exchange : ENT ENT ears, nose, and throat (otorhinolaryngology). ENT abbr. ear, nose, and throat ENT ear, nose and throat. ENT Ears, nose & throat; formally, otorhinolaryngology ) (Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange. : EQU EQU Equipment EQU Equilibrium EQU Equate (assembly language directive) EqU Equivalent Unit EQU Extremely Qualified User EQU Estimated Quarterly Usage EQU Equal to EQU Equation ), an industry leader in data and IP services for multinational businesses, has signed a five-year, $7 million contract with Vienna-based IT-Austria GmbH to link 50 worldwide locations via Equant Frame Relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. . IT-Austria is Austria's largest information technology service provider for the financial sector. The company selected Equant because of Equant's reliable infrastructure and comprehensive service portfolio. IT-Austria is using Equant's solutions for applications, e-mail and data transfers between its various subsidiaries. In addition, the company uses Equant's remote access and maintenance services to deliver robust, cost effective services to its clients. "Equant's services are a significant contribution to our international network customer offer," said Alfred Chytra, head of Telecommunications and International Network, IT-Austria. "The high availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. of Equant's frame relay service and its international presence have been the most crucial criteria for selecting Equant." "As an IT service provider, IT-Austria demands the highest performance for its communications solutions," said Andrew McFadzen, managing director, Equant Germany. "The selection of Equant Frame Relay for this large-scale, multimillion dollar network is testimony to the service's superior performance, exhaustive feature set, and enduring success. In addition, the length of the contract is further evidence of Equant's stability and leadership position in international telecommunications services, especially in frame relay." Equant Frame Relay is a proven, cost-effective solution for customers requiring high-speed (45 Mbps) connectivity between local, regional or global sites. Equant Frame Relay is the most widely available frame relay solution today, in more than 600 locations covering more than 145 countries and territories. In addition, Equant also has the highest market share among international frame relay service providers. Equant Frame Relay provides sophisticated bandwidth management Controlling the traffic flow in a network. See bandwidth manager. capabilities, allowing the service to be tailored to the requirements and applications of customers' individual sites. About Equant Equant (NYSE: ENT) (Euronext Paris: EQU) is a recognized industry leader in global IP and data services for multinational businesses, offering network, integration and managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality to global business. The network has unmatched seamless global reach, connecting key business centers in 220 countries and territories, with local support in 145 countries and territories. Building on more than 50 years of experience in data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , Equant serves thousands of the world's top companies. Equant, a member of the France Telecom Group, meets the diverse needs of global companies with the industry's most extensive portfolio of managed data network services. About IT-Austria Informations-Technologie Austria GmbH was founded in 1998 as a merger of the Bank Austria Bank Austria Creditanstalt is a Central and Eastern European bank, 96.35% owned by UniCredit Group. BA-CA's history goes as far back as 1855, the year the Creditanstalt was founded. data center and Spardat (SARZ), CA-Informations-Technologie (CA-IT) and the data center of Erste Bank Erste Bank is a retail bank in Central Europe based in Vienna, Austria, and operating in Austria, Bosnia and Herzegovina, Croatia, the Czech Republic, Hungary, Romania (Banca Comercială Română), Serbia (Erste Bank Novi Sad), and Slovakia. . IT-Austria is Austria's largest IT-Service Provider for the financial sector and among the top 10 in Europe. IT-Austria, with headquarters in Vienna, has 700 employees. Annual turnover amounts to about 218 million euro. IT-Austria covers all relevant IT-services but has a focus: as a result of the merger, it is the number one data center number in the Austrian financial sector. The primary task is to supply all information technology services of the Bank Austria-Creditanstalt-Group, Erste Bank, HVB HVB Hervey Bay, Queensland, Australia (Airport Code) HVB Hawaii Visitors Bureau HVB Central-European International Bank (Hungary) HVB High Volume Breeder (puppy mill) Info and the savings banks. This release may contain projections or other forward-looking statements related to Equant that involve risks and uncertainties. Readers are cautioned that these statements are only predictions and may differ materially from actual future results or events. Readers are referred to the documents filed by Equant with the SEC, specifically the most recent filing on Form 20-F, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements, including, among other things, risks relating to Equant's history of operating losses, the unpredictability of growth in Equant's markets, Equant's rapid growth, changing technology, uncertain and changing regulatory restrictions, Equant's international operations, dependence on suppliers, network security issues, competition, and volatility of Equant's stock price and risks relating to the combination with Global One. All forward-looking statements are based on information available to Equant on the date hereof, and Equant assumes no obligation to update such statements. |
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