PRIMUS Launches iPRIMUS.com to Attack Global Internet/Data Market.New Subsidiary Operational With an Integrated Global Fiber and Satellite
Network and a Customer Base of 50,000; Joins Ranks of Global ISPs
McLEAN, Va., May 24 /PRNewswire/ -- iPRIMUS.com was launched today, with a unique worldwide running start, offering Internet and data services in major international markets where its parent, PRIMUS Telecommunications Group, Incorporated (PRIMUS) (Nasdaq: PRTL PRTL Post-Registration Training and Learning ), now operates as a global carrier.
"The launch of iPRIMUS.com is the next major step in executing PRIMUS's global strategy of aggressively gaining retail market share by offering 'one- stop' shopping for bundled voice, data, Internet and cellular services," said K. Paul Singh, chairman and chief executive officer of PRIMUS.
Unique Global Integrated Fiber/Satellite Broadband Network Deployed
The key to iPRIMUS.com's operational launch is PRIMUS's global network infrastructure, proven technology and focused approach to market. "To be truly competitive in the Internet/data market, you have to have a robust global infrastructure," Singh stated. "Over the past 18 months, PRIMUS has built a scaleable broadband global backbone network A backbone network provides a path for the exchange of information between different LANs or subnetworks. A backbone can tie together diverse networks in the same building, in different buildings in a campus environment, or over wide areas. and developed critical operational experience and backroom back·room
n. or back room
1. A room located at the rear.
2. The meeting place used by an inconspicuous controlling group.
1. support systems."
PRIMUS's multiservice network consists of international gateway and domestic switches and ownership interests in 23 high capacity transoceanic and terrestrial fiber optic cable Noun 1. fiber optic cable - a cable made of optical fibers that can transmit large amounts of information at the speed of light
fibre optic cable
transmission line, cable, line - a conductor for transmitting electrical or optical signals or electric power systems that directly connect 24 countries. PRIMUS's world class fiber network is complemented with a global satellite network. Together, the integrated network A network that supports both data and voice and/or different networking protocols. See converged network and new public network. currently provides coverage to more than 40 countries, with plans to expand to approximately 100 countries.
The company's first Intelsat Type A satellite earth station, located in London, England, is now operational with a footprint coverage of Southeast Asia, the Indian Ocean region, Eastern Africa and the Middle East. Additional satellite earth stations will be deployed on the east and west coasts of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. to provide coverage of Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. .
iPRIMUS.com will share PRIMUS's existing global network infrastructure which will be expanded, using the latest in IP+ATM integration and traffic engineering technology, to carry Internet-based data, voice and image communications. "The first expansion of our network capabilities took place in Australia last year, where PRIMUS is that country's fourth largest carrier, when we expanded our infrastructure to a broadband multimedia network within three months." Singh stated.
iPRIMUS.com -- A Fast Growing, Full Service Global ISP (1) See in-system programmable.
(2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines.
"With this 'running start' launch of iPRIMUS.com, we are creating a separate subsidiary with an aggressive and concentrated focus that makes start-up companies successful. Significantly, iPRIMUS.com will also possess elements normally not present in a start-up's inception- management expertise, adequate capital, network, products and a sizeable existing customer base," said Singh.
iPRIMUS.com will be a discrete entity with its own management team, separate profit and loss responsibility, and a dedicated business objective of gaining market share in the rapidly growing Internet and data segment service areas.
iPRIMUS.com will offer a broad portfolio of services including Internet connectivity, IPVoice, IPFax, unified messaging, mission-critical web-hosting, e-commerce transaction services, co-location, streaming media See streaming audio, streaming video and digital media hub. , virtual private networks (VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. ), data and other services. These services will be offered by iPRIMUS.com on a stand-alone or bundled basis with other telecommunications services offered by PRIMUS's global subsidiaries.
A realization of PRIMUS's visionary global business plan, iPRIMUS.com is already a sizeable global Internet Service Provider Internet service provider (ISP)
Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP) with more than 50,000 business and residential customers in Australia and Canada, as well as a data carrier with numerous multinational corporations and organizations as customers.
In the eight major markets in which PRIMUS operates as a carrier -- Australia, Japan, 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. , Canada, United Kingdom, Germany, France and (soon) Italy -- it plans to offer a bundled suite of services including voice, data, Internet and cellular. In all markets served by its fiber network and within its global satellite footprint iPRIMUS.com will target overseas carriers, PTTs, ISPs, Web hosting firms, content providers, multinational corporations and organizations, and other enterprises requiring access to the data-rich U.S. Internet backbone.
"Acquisitions, strategic partnerships and affiliations will be at the core of the growth strategy for iPRIMUS.com," Singh stated. iPRIMUS.com plans to acquire and invest in ISPs in select countries.
iPRIMUS.com will offer its affiliated ISPs a unique value proposition by leveraging the global connectivity provided by PRIMUS' network to the U.S. Internet backbone -- the destination of some 70 percent of all global Internet traffic -- to offer significantly lower transmission costs. iPRIMUS.com will also enhance revenue opportunities for an affiliated ISP by terminating the voice traffic already flowing on PRIMUS's network through the affiliated ISP's interconnection with their local network. Further, iPRIMUS.com can expand product portfolios of foreign ISPs by offering next generation IP voice, fax and unified messaging services.
"iPRIMUS.com offers one of the largest global broadband networks, a fast- growing customer base, the ability to cross-sell and bundle a broad portfolio of services, and plans to integrate strategic partnerships with Internet market leaders, global infrastructure providers and network equipment manufacturers," noted Singh. "With the experienced management team we have to implement this strategic plan, iPRIMUS.com plans to leverage its competitive advantages in the high-margin, high-growth Internet and data market."
PRIMUS Telecommunications Group, Incorporated is a global facilities-based telecommunications company providing domestic and international long-distance voice, data, Internet, private network and value-added services. The Company provides services through an extensive global network of owned and leased transmission facilities, including ownership interests in 23 undersea fiber optic cable systems, 12 international gateway switches, a satellite earth station and a variety of operating relationships that allow the Company to deliver traffic worldwide. Founded in 1994 and based in McLean, Va., the Company has an annual revenue run rate in excess of $500 million and serves more than 650,000 corporate, small- and medium-sized business, residential and telecommunications carrier customers located in the North America, Europe and the Asia-Pacific regions of the world. News and information are available at the Company's Web site at http://www.PRIMUStel.com.
To receive additional information on PRIMUS Telecommunications Group, Incorporated via fax at no charge, dial 1-800-PRO-INFO and enter code PRTL.
The statements in this release that are forward looking statements are based on current expectations and are not strictly historical statements, which may differ materially from actual results. Not strictly historical statements include, without limitation, those regarding management's plans, objectives and strategy for future operations, product plans and performance, management's assessment of market factors, and future financial performance. Among factors that could cause actual results to differ materially are changes in business conditions, changes in the telecommunications industry and the general economy; competition; changes in service offerings; risks associated with PRIMUS' limited operating history, entry into developing markets, and managing rapid growth; and risks associated with international operations (including foreign currency translation risks), dependence on effective information systems, and development of the network. These factors are discussed more fully in PRIMUS' filings, including its 10K and 10Q filings and the prospectus dated May 6, 1999, filed with the Securities and Exchange Commission.