Infonet Announces Major Sponsorship of America's Cup Contender; Global Communications Provider Will Sponsor a Challenge to the New Zealand Trophy Holders.

Business Editors

EL SEGUNDO, Calif.--(BUSINESS WIRE)--May 24, 2001

Infonet Services Corp. (NYSE:IN)(FSE:IN), a leading provider of global communications services for multinationals, today announced a major sponsorship for the world-renowned America's Cup Race.

Specifically, Infonet will be the prime sponsor, alongside financial services group UBS, of the Alinghi Challenge, the syndicate headed by the chairman of Swiss-based Serono, Ernesto Bertarelli.

Ten challengers from around the world are currently registered to compete in this prestigious sailing event. The Alinghi Challenge promises to be one of the strongest of the competitors, because eight of its members, including Captain Russell Coutts, led New Zealand to victory in the last two America's Cup races.

They are part of the seasoned international team of 14 nationalities who between them hold 69 World Championships and four Olympic Gold medals, as well as participation in 48 America's Cup races.

"As a global corporation, Infonet's sponsorship of the Alinghi Challenge is an opportunity to take part in one of the most exciting global sporting competitions," said Jose A. Collazo, chairman, president and CEO of Infonet.

"With Infonet's presence around the world, this sponsorship will be supportive of our name recognition activities given the global interest in the America's Cup," added Collazo.

Activities began on May 12 with the official unveiling of the Challenge boat, "Alinghi," in Geneva, with team training already underway. The racing itself will start in October 2002 in Auckland, New Zealand, first with the challengers' races for the Louis Vuitton Cup, and then, in March 2003, with the contest for the most sought-after trophy in sailing, the America's Cup.

"We are enthusiastic about Infonet and our America's Cup Challenge," stated Michel Bonnefous, executive director of the Alinghi Challenge. "Infonet is the first non-Swiss partner of our team and we are proud to welcome an American company on board. Our collaboration enhances the international aspect of our team."

Infonet's sponsorship of the Alinghi Challenge comes at a time of sustained growth and success in the company's history. With a strong global presence that echoes throughout Europe, Infonet has made great strides in the European business arena.

Infonet recently announced its newest division, Infonet ASP, based in the Netherlands. Infonet ASP already has over 60 clients, including Devote NV, the leading eConsulting firm in the Netherlands, specializing in e-business and IT architecture consultancy and implementation.

Also this year, the company announced its partnership with Comfone, a Switzerland-based provider of mobile telecommunications clearing services. This partnership brings together two of the world's leaders in their fields, with demonstrable strengths to focus on the issue of seamless global wireless data services.

About Infonet

Infonet Services Corp. is an innovative leader in providing value-added global communications services to multinational entities.

Powering the enterprise-wide communications initiatives of more than 2,600 multinationals, Infonet provides a comprehensive portfolio of network-based solutions including Broadband, Internet, Intranet, MultiMedia, Remote Access, Local Access and Application Services (Call Center, Collaboration, Messaging and Hosting).

Infonet is a pioneer in providing multinationals with The Intelligent Edge in Global Communications(TM) -- a unique service based on its patent-pending tools that models and optimizes the complex relationship between applications and the global network.

Winner of the World Communication Awards 2000 for "Best Customer Care" and "Best Carrier," Infonet owns and operates The World Network(R), accessible from more than 180 countries, and provides local service support in more than 60 countries and territories.

Founded in 1970, Infonet's stock is traded on the New York and Frankfurt Stock Exchanges under the symbol IN. Additional information about the company is available at www.infonet.com.

Safe Harbor Statement: Infonet may have made forward-looking statements in this release. These projections are based on information available to the company as of the date of this release and Infonet undertakes no duty to update the information to take account of later events. Risk factors investors should take into account that might affect results include: strength of the market for Infonet products and services, competition, the timely transitioning of new business opportunities to Infonet's network and the effect of currency fluctuation. Investors should refer to risk factors elaborated on in Infonet's 10K, 10-Qs and other recent filings made with the U.S. Securities and Exchange Commission. These documents are available through the investor relations portion of Infonet's Web site at www.infonet.com.