RTCOMM Using ITXC VoIPLink Service For Global Long Distance; Businesses in Russia benefit from cost-effective, international call exchange between RTCOMM and ITXC.net.

Business Editors/High-Tech Writers

PRINCETON, N.J. & MOSCOW--(BUSINESS WIRE)--March 10, 2004

ITXC Corp.(R) (NASDAQ:ITXC) and RTComm today announced that RTCOMM, a leading carrier in Russia, is using ITXC VoIPLink(TM) Service to provide its retail business customers with cost-effective, high quality connections to every traditional and IP phone in the world.

ITXC is the leading wholesale provider to carriers of global long distance services based on VoIP and is one of the largest international voice carriers of any kind. RTCOMM is a national operator and operates one of the most developed IP networks in Russia with access points in 120 Russian Federation cities.

ITXC's VoIPLink service supports direct transport of native VoIP calls between RTCOMM and ITXC.net(R), enabling RTCOMM to reduce the capital and operating costs to complete retail customer calls and to immediately scale capacity and destinations as customer demand requires. RTCOMM benefits from the revenue it receives when it terminates calls to its subscribers sent to it over ITXC.net from countries around the world. RTCOMM provides both ITXC's PSTN and VoIP-based carrier customers with high quality call termination in Russia at a competitive price.

"As a leading carrier in the highly competitive Russian telecommunications environment, we continue to focus on controlling costs and providing high quality, reliable telecommunications services to our clients," said Vitaly Kuchura, Deputy Director General of RTCOMM. "Through our VoIPLink connection to ITXC.net, we have instantly scalable access to a high quality, low cost international long distance network which allows us to grow our revenue and margin streams very quickly. ITXC in return receives high quality voice termination and competitive rates from RTCOMM to the entire Russian Federation and CIS."

"We are very pleased that RTCOMM has recognized the advantage of using ITXC and VoIPLink for their international long distance voice network needs," said Martin Talbot, ITXC Managing Director for Central and Eastern Europe. "As competition in the telecommunications market continues to grow in Russia, it is important for RTCOMM to remain focused on winning market share. ITXC is able to offer RTCOMM a scalable and economic solution uniquely enabling them to provide a wide range of high quality, low cost integrated voice services to their subscribers while at the same time increasing their competitive ability in the Russian telecommunications market. "

Recently, ITXC announced the general availability of its VoIPLink service. Replacing the difficult custom-engineered VoIP connections of the past, ITXC VoIPLink Service makes VoIP internetworking practical by significantly improving the range of operability, establishing carrier-class demarcation between networks, and increasing speed of deployment. Direct VoIP connections are more cost-efficient and scalable than traditional TDM connections.

About RTComm.ru:

RTCOMM is one of the leading companies in the Russian telecommunications market, providing Internet access services for carriers and renders the whole range of information and communication services for corporate customers. RTCOMM has over 1,000 customers in more than 100 Russian cities. RTCOMM has foreign channels - STM-4 circuit: Moscow - London - Stockholm - St. Petersburg - Moscow, with nodes in London and Stockholm (access ports of 622 Mbit/s each). Services provided by RTCOMM: dedicated access to the RTCOMM-Internet network, building a private virtual networks based on MPLS/VPN technology, data center services and voice services.

About ITXC:

ITXC Corp. is one of the world's leading carriers based on minutes of international traffic carried. As a carriers' carrier, ITXC serves all major carriers in the US; many incumbent carriers worldwide including China Telecom, PLDT, Telkom South Africa, Telecom Colombia, Telenor, Telia, and VSNL; and emerging and competitive carriers including Intelig in Brazil and Data Access in India. ITXC also serves a growing number of mobile carriers including China Mobile and Smart Communications, leading mobile carriers in their respective markets.

ITXC is the global market segment share leader in VoIP international calling and one of the largest international voice carriers of any kind. Circuit-switched customers use ITXC services through switchless ITXC SuperPoPs in London, Frankfurt, Hong Kong, LA, and NJ or through ITXC-managed SNARCs(R) co-located in the customer's central office. VoIP-enabled networks use VoIPLink for the same services. Approximately one third of ITXC's current traffic is originated or terminated with over 160 VoIPLink-enabled carriers or service providers in over 60 countries.

For more information about ITXC, please visit www.itxc.com

Forward-looking statements

ITXC has included in this press release certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 concerning ITXC's business, operations and financial condition. "Forward-looking statements" consist of all non-historical information, and the analysis of historical information, including any references to future revenue growth, future expense growth, future credit exposure, future profitability, anticipated cash resources, anticipated capital expenditures, capital requirements, and the Company's plans for future periods. In addition, the words "could", "expects", "anticipates", "objective", "plan", "may affect", "may depend", "believes", "estimates", "projects" and similar words and phrases are also intended to identify such forward-looking statements.

Actual results could differ materially from those projected in the Company's forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other things, (i) uncertainties inherent in the execution of the proposed merger with Teleglobe, including but not limited to, transaction costs, the subsequent integration effort and retention of key employees, customers and suppliers through the merger process; the inability to capture anticipated synergies; the risk of disapproval or delay by governmental entities of the proposed transaction; the risks of delay in consummation of the transaction; the ability of Cerberus Capital Management, L.P., Teleglobe's current controlling shareholder and majority owner of Teleglobe after the merger, to exert control over the combined company; the risk that Teleglobe is not currently a publicly traded company; the risk that material adverse changes to either entity may prevent the transaction from closing or render it less desirable than anticipated; and the risk that Teleglobe may not be able to effectively execute its business plan and (ii) other risks, including the volatile and competitive environment for Internet telephony and telecommunications; changes in domestic and foreign economic, market and regulatory conditions; the inherent uncertainty of financial estimates and projections; uncertainly inherent in litigation; unanticipated technological difficulties; the risk that Teleglobe may not be able to access sufficient capital; the creditworthiness of and relationship with our customers; Teleglobe's anticipated debt level and the inherent lack of flexibility resulting therefrom; future transactions; risks inherent in being subject to significant regulation; the possibility that the merger may not close; and other considerations described as "Risk Factors" in Exhibit 99.1 to ITXC's Annual Report on Form 10-K for the year ended December 31, 2002 and in other filings by ITXC with the SEC and the other considerations described as "Risk Factors" in the Registration Statement on Form S-4 filed by Teleglobe Bermuda Holdings Ltd with the SEC. All such forward-looking statements are current only as of the date on which such statements were made. ITXC does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.