FLAG Telecom Announces Completion of New Virtual Point of Presence in Karachi, Pakistan; Local Telecom Leader Pakistan Telecommunication Company Limited Will Operate Karachi VPoP.Business Editors HAMILTON, Bermuda--(BUSINESS WIRE)--Dec. 3, 2002 FLAG Telecom Group Limited (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : FTGLF), ("FLAG Telecom"), today announced that it has completed the installation of a new virtual point of presence (VPoP) in Karachi, Pakistan. The VPoP is now fully operational and will be managed and operated locally by leading telecom operator Pakistan Telecommunication Company Limited ("PTCL PTCL Pakistan Telecommunication Company Limited PTCL Peripheral T Cell Lymphoma PTCL Physical and Theoretical Chemistry Laboratory PTCL Pakistan Tobacco Company Limited "). This collaboration between FLAG Telecom and PTCL is the first to offer a seamless one stop shop for international managed bandwidth between Pakistan and key international business centers on the FLAG Telecom global network in Europe, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Asia. Customers are also now able to purchase high quality IP transit bandwidth from the Karachi VPoP and take advantage of FLAG's low latency Low latency allows human-unnoticeable delays between an input being processed and the corresponding output providing real time characteristics. This can be especially important for internet connections utilizing services such as online gaming and VOIP - VOIP is not as important as Internet backbone (communications, networking) Internet backbone - High-speed networks that carry Internet traffic. These communications networks are provided by companies such as AT&T, GTE, IBM, MCI, Netcom, Sprint, UUNET and consist of high-speed links in the T1, T3, OC1 and OC3 ranges. , which incorporates both eastwards east·ward adv. & adj. Toward, to, or in the east. n. An eastward direction, point, or region. east and westwards routing and peering at major Internet exchanges See IXP and NAP. around the globe. "We are excited to have completed this VPoP in an emerging and growing market like Pakistan, and that we were able to fully meet the needs and high quality standards of PTCL," said Walid Irshaid, FLAG Telecom's regional vice president for the Middle East. "The Karachi VPoP will enable PTCL and FLAG Telecom to provide customers with a high level of global connectivity, designed to offer resilience, reliability and superior quality of service at a competitive price." "This node will provide valuable services to our company and our customers, and give us a wider range of choice for international connectivity to world-wide destinations," said Akhter Jamil, General Manager Information Technology Infrastructure Karachi of PTCL. "We have tested FLAG Telecom's Internet bandwidth and we have been extremely impressed with the quality and performance of the network. We look forward to continuing to work jointly with FLAG Telecom as we ensure the success of this partnership venture." PTCL owns and operates the public telephone network in Pakistan and also provides various other telecommunication services. In addition, it is currently the sole provider of all core infrastructure services including international Data and Voice services out of Pakistan. All necessary information about PTCL is available on the website http://www.ptcl.com.pk About FLAG Telecom FLAG Telecom, along with its group companies, is a leading global network services provider and independent carriers' carrier providing an innovative range of products and services to the international carrier community, ASPs and ISPs across an international network platform designed to support the next generation of IP over optical data networks. Recent news releases and further information are on FLAG Telecom's website at: www.flagtelecom.com. Forward-looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Statements contained in this Press Release that are not historical facts may be "forward-looking" statements as the term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. To identify these forward-looking statements look for words like "believes", "expects", "may", "will", "should", "seeks", "intends", "plans", "projects", "estimates", or "anticipates" and similar words and phrases Words and Phrases® A multivolume set of law books published by West Group containing thousands of judicial definitions of words and phrases, arranged alphabetically, from 1658 to the present. . These, and all forward-looking statements, are based on current expectations and necessarily are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors which include, but are not limited to, our ability to achieve the objectives laid out in the Plan of Reorganization. More detailed information about these risks is contained in our Plan of Reorganization. We caution readers not to rely on forward-looking statements, and we disclaim any intent or obligation to update these forward-looking statements. |
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