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INTERNATIONAL CARRIERS FORM FNA TO IMPROVE AND EXTEND COMMUNICATIONS SERVICES AMONG THE WORLD'S MAJOR FINANCIAL CENTERS

INTERNATIONAL CARRIERS FORM FNA TO IMPROVE AND EXTEND COMMUNICATIONS
 SERVICES AMONG THE WORLD'S MAJOR FINANCIAL CENTERS
 RYE BROOK, N.Y., March 10 /PRNewswire/ -- Twelve of the world's leading telecommunications companies today announced their agreement to enter into a joint venture called FNA to offer a wide range of services specific to the needs of the global financial industry.
 The member companies of FNA, a financial network association, will provide unified communications services among the leading financial centers of the world. FNA will be incorporated in Brussels, Belgium as a Belgian Societe Cooperative on March 31, 1992.
 "FNA represents the first services joint venture between global telecommunications carriers which is both truly multilateral in nature and focused on the specific needs of the global financial community," said David J. Bland, general manager of FNA.
 The 12 founding members of FNA are: MCI of the United States of America; AOTC of Australia; RTT-Belgacom of Belgium; Stentor of Canada; France Telecom; Deutsche Bundespost Telekom of Germany; Hong Kong Telecom; Italcable of Italy; KDD of Japan; Singapore Telecom; Telefonica of Spain; and Mercury Communications of the United Kingdom.
 FNA members plan a full range of private, shared financial community and public services, covering the industry's existing and future communications requirements. FNA has registered the common brand name TeleConnect for use with the unified services. Details of the services to be offered initially may be announced by each FNA member during the second quarter of 1992.
 The arrangements anticipated between the companies conform to the European Community competition rules applicable in the telecommunications sector, and notification of the agreement has already been filed with the European Commission. Each member company will have an equal ownership in FNA, and equal representation on its board of directors. Further expansion of membership is envisaged over time, as FNA is open to telecommunications companies in countries not served by FNA's founders.
 The first chairperson of FNA will be Allan Badrick of AOTC Australia and the initial two vice-chairpersons will be nominated by RTT-Belgacom and MCI.
 -0- 3/10/92
 /CONTACT: Jane Levene of MCI International, 914-934-6480, or:
 CARRIER CONTACT PHONE Hrs+/-EST
 AOTC Australia John Stanton 61-2-287-5760 +10
 RTT-Belgacom Joris Claereboudt 32-2-213-3251 + 6
 Belgium
 Stentor Canada Linda Leonard 1-613-781-3794 EST
 France Telecom Virginia Lobry 1-212-399-0125 EST
 Deutsche Rudi Hoffmann 49-228-181-9339 + 6
 Bundespost Telekom
 Hong Kong Virginia Chi 852-883-3224 - 8
 Telecom
 Italcable Paola Masturzo 39-6-4770-6528 + 6
 KDD Ms. N. Tanemori 81-3-3347-6938 +15
 Mr. H. Kamakura 81-3-3347-6036 +15
 Singapore Stephanie Yap 65-7302011 +13
 Telecom
 Telefonica Adolfo Suarez 1-212-221-5991 - 5
 Mercury Stephen Hannington 44-71-528-2547 + 5
 Communications, U.K./ CO: MCI International ST: New York IN: TLS SU: PDT


SM-SH -- NY031 -- 6849 03/10/92 11:40 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 10, 1992
Words:445
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