PRIMUS TELECOMMUNICATIONS ACQUIRES AXICORP, AUSTRALIA'S FOURTH LARGEST TELECOMMUNICATIONS SERVICE PROVIDER
One of Nation's Fastest Growing Global Providers Expands into Pacific Market
MCLEAN, Va., March 25 /PRNewswire/ -- Primus Telecommunications Group, Inc., one of the nation's fastest growing global telecommunications providers, announced today that it has acquired Axicorp Pty Ltd., Australia's fourth largest telecommunications service provider. The acquisition enables Primus to expand into the rapidly growing Asian Pacific telecommunications market via Australia.
Primus, a facilities-based common carrier providing a comprehensive range of voice, data, mobile, and value-added services to business and residential customers, is expected to become a $1 billion global telecommunications company by the year 2000.
"The acquisition of Axicorp represents another major milestone in the expansion of Primus into the global communications market and brings us a valuable and experienced management team in Australia to expedite our thrust into the Pacific region. Axicorp will play a significant role in the accelerated growth of Primus worldwide," says K. Paul Singh, Chairman and CEO of Primus Telecommunications Group, Inc.
Headquartered in McLean, Virginia, Primus provides domestic and international long distance telephone services in North America, Europe, and now the Pacific, for large multinational corporations, small and mid-sized businesses, and individual consumers. The company's focus is on making its business customers more competitive in today's deregulated telecommunications marketplace through the use of advanced telecommunications services.
Incorporated in 1994, Primus is targeting countries that have deregulated their telecommunications services or are in the process of opening their markets to competition for growth. Australia deregulated its industry three years ago. The United States recently passed the 1996 Telecommunications Act which is revolutionizing the industry here. Primus is operational as a licensed long-distance carrier in the newly deregulated United Kingdom.
"Primus is riding the wave of telecommunications deregulation that is sweeping the world in order to build a strong, reliable, and competitive global network for our customers. Our strength is our anticipation of regulatory, technology, and trade issues, and our ability to weave each country's needs into a responsive worldwide network that provides a full range of telecommunications services and superior support," says Neil Hazard, Executive Vice President at Primus.
The Primus Global Network
Primus operates its own intelligent global network with digital gateways deployed in the United States, Australia, the United Kingdom, and Mexico. These gateways are interconnected by high-speed fiber optic cable facilities, and are connected with the domestic networks of other carriers to provide calls around the world.
The Primus network has hardware and software platforms for debit or pre-paid calling cards, operator services, "800" services, customized dialing plans, least cost and dynamic network routing, "call-back" services, and Enhanced Voice Service features.
Primus offers businesses and individual consumers significant savings over the established competitors for equivalent quality service with the added benefit of customized billing, personalized custom services such as multilingual operators, and overseas sales and technical support.
Major telecommunications investors in Primus include Teleglobe of Canada and Fujitsu.
Primus was founded by Mr. Singh, who previously worked for MCI Communications Corporation as Vice President-Global Marketing. Prior to that, Mr. Singh was the founder of Overseas Telecommunications, Inc. (OTI), which was acquired by MCI in 1991. In 1990, OTI was listed by Inc. Magazine as the 80th fastest growing private company in the U.S.
/NOTE TO EDITORS: For more information about Primus and its acquisition of Axicorp, call the contact below./
/CONTACT: Neil Hazard, executive vice president of Primus Telecommunications Group, 703-848-4625, or fax, 703-848-4641; or Catherine Canterbury, press liaison for Primus, of RMR & Associates, 301-217-0009/
CO: Primus Telecommunications Group, Inc.; Axicorp Pty Ltd. ST: Virginia IN: TLS SU: TNM
DC-JA -- DCM001 -- 3770 03/25/96 08:01 EST
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|Date:||Mar 25, 1996|
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