VSNL and ITXC Double Capacity in India with Cisco VIA Solution.Business Editors/High-Tech Writers PRINCETON, N.J. & MUMBAI, India--(BUSINESS WIRE)--May 21, 2003 Carriers around the globe continue to benefit from ITXC's quality and value as traffic to India from countries around the world over ITXC (Internet Telephony Exchange Carrier Corporation, Princeton, NJ, www.itxc.com) The largest IP exchange carrier in the world. ITXC was acquired by wholesale telco provider Teleglobe Bermuda Ltd. in 2004 and then by Videsh Sanchar Nigam Ltd. .net steadily increases Cisco VIA solution provides easy and rapid scalability option for VSNL VSNL Videsh Sanchar Nigam Limited (India) and ITXC Videsh Sanchar Nigam This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. Limited (VSNL), India's premier provider of international telecommunications services and leading 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. , and ITXC Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ITXC), one of the world's leading international voice carriers, announced today that they have doubled their network capacity to accommodate the increasing volume of traffic that has been building over the past 6 months over ITXC.net(R), the company's global voice over IP (VoIP) network. Global carriers benefit from ITXC's quality routes to India. "As traffic to and from India increases, it is important for us to work with more and more such carriers who can provide us global connectivity and high quality of service," said Mr. S K Gupta, Managing Director at VSNL. "We are sure that we will be able to achieve these objectives through ITXC. Our experience with ITXC has been excellent." "Since the privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned of VSNL last year, India's telecommunication market has become highly competitive," said Diarmid Massey, ITXC Managing Director for Asia Pacific. "By focusing on winning market share in India, VSNL gains new revenue from the traffic ITXC brings them, while hundreds of carriers around the world who need to complete calls in India benefit from the high quality termination ITXC affords to India and around the world." ITXC's interconnect with VSNL uses the market-leading Cisco Voice Infrastructure and Applications (VIA) solution, which supports a broad portfolio of packet-voice revenue generating services around the globe. ITXC's patented BestValue Routing(TM) technology uses Cisco VIA to route voice calls with consistent carrier grade quality. VSNL benefits from the low capital and operating costs operating costs npl → gastos mpl operacionales without sacrificing the quality their subscribers require. VSNL and ITXC were able to immediately increase traffic volumes, due to the rapid scalability that the Cisco VIA solution provides. "Cisco is pleased that ITXC and VSNL are able to cost effectively scale and grow capacity with demand using the Cisco VIA solution," said Mark Bakies, director of marketing, voice technology at Cisco. "ITXC's focus on quality and scale, combined with Cisco VoIP technology, provides VSNL and ITXC a highly reliable network for voice traffic." VSNL and ITXC signed an interconnect agreement in October 2002. As a result of its relationship with ITXC, VSNL benefits from call termination minutes and revenue originated from all over the world. ITXC brings global traffic to VSNL across ITXC.net, interconnecting over 175 countries through direct traffic relationships with over 250 national and global carriers. These Carriers can also lower the cost of originating traffic by utilizing ITXC.net. Last month, ITXC announced that ITXC.net carried 10% of all incoming traffic to India during the first year following deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. in that country. ITXC estimated its market share figures based on TeleGeography 2003 historical data and taking into account historical growth trends. About Videsh Sanchar Nigam Limited: Videsh Sanchar Nigam Limited is India's leading provider of International Telecommunications and Internet Services. Besides International Long Distance services, VSNL also offers a host of other value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services like Internet and data services, and specialized services that include Video Conferencing, Television/Video up-linking, Programe transmission services, Frame relay services and Inmarsat services. VSNL has also started offering National Long Distance services. With established relations with 85 carriers across the globe, VSNL today has a strong infrastructure base that covers 8 gateways, 48 earth stations and 6 submarine cable systems. VSNL is listed across all the major stock exchanges in India and also has its ADRs listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . 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 PLDT Philippine Long Distance Telephone Company , Telkom South Africa, Telecom Colombia, Telenor, Telia, and VSNL; and emerging and competitive carriers including COTAS-Teledata in Bolivia, Vietel in Vietnam and Data Access in India. ITXC also serves a growing number of mobile carriers including China Mobile, one of the world's largest mobile carriers. ITXC is the global market share leader in VoIP international calling with approximately 20% of the market, according to TeleGeography 2003. ITXC was also the Fastest Growing Technology Company in North America according to the 2002 Deloitte & Touche Technology Fast 500 ranking. For more information about ITXC, please visit www.itxc.com. Forward-looking statements ITXC has included in this press release "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including all statements listed as guidance and all statements of anticipated or expected results for the current quarter and any future periods. 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, 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; uncertainty related to the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. search ITXC has recently announced; uncertainty inherent in litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; unanticipated technological difficulties; the creditworthiness Creditworthiness The condition in which the risk of default on a debt obligation by that entity is deemed low. Creditworthiness Eligibility of an individual or firm to borrow money. of our customers; future transactions; and other considerations described as "Risk Factors" in Exhibit 99 to the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2002 and in other filings by the Company 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. |
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