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SPRINT PROVIDES CEDEL WITH WORLDWIDE MANAGED DATA NETWORK SERVICES

 WASHINGTON, July 22 /PRNewswire/ -- Sprint (NYSE: FON) today announced its selection by Cedel, the Luxembourg-based international securities clearinghouse, to provide global managed data network services to Cedel customers worldwide.
 In a three-year, multi-million dollar contract, Cedel will use Sprint's global data network to provide its nearly 3,000 customers in over 70 countries throughout Europe, Asia, the Americas and the Pacific Rim with high-speed access to its financial services. The Sprint- provided custom managed data network solution will enable Cedel's worldwide customers to exchange trading information in an interactive environment with Cedel databases in Luxembourg.
 Local area networks located at Cedel's regional offices in London, Hong Kong, Tokyo, New York and Luxembourg will interconnect with the managed data network service through Sprint's intelligent remote concentrator devices.
 Sprint also is providing Cedel with a network monitoring capability which provides a "window" through which Cedel can observe its customers' traffic flow through the Sprint network. This tool gives Cedel a key customer service advantage by allowing the company to keep its customers up to the minute on network performance information.
 Access to Cedel data processing systems is tightly controlled through Sprint's access management service, which intervenes during the call establishment process and screens each call to ensure that the user is authorized to access Cedel's host computers. The Sprint network solution was engineered to ensure the highest possible service levels for Cedel customers worldwide and includes Sprint's commitment to performance criteria which the network must meet or exceed.
 "Cedel chose Sprint based on the flexible and uniquely managed data network services it was able to provide," said Andre Lussi, chief executive officer of Cedel. "The reach and the advanced technology of Sprint will allow Cedel to improve the level of service that we can offer to our customers, regardless of their geographic location.
 "As no two multinational organizations are identical, no two Sprint managed network solutions are exactly alike. Each solution is designed for the unique communications needs of the user," said Paolo Guidi, president of Sprint International, Sprint's global telecommunications subsidiary.
 "The uniform technology of our global network gives us this flexibility, and enables us to provide high-speed, reliable data communications through nearly 300 international network points of presence. By leveraging the global reach and advanced services of Sprint's network, corporations can focus on their core businesses rather than on managing and maintaining large, internal networks," Guidi said.
 A joint Sprint and Cedel team is currently migrating Cedel customers to the new network service.
 Cedel joins a growing number of multinational organizations that have also selected SprintNet to link critical business operations around the globe. These include Unilever, Prime Computer and the Nordic stock exchanges in addition to nearly 1,000 others.
 Sprint's managed data network services include a single point of contact for installation, service and billing for connections in any number of countries, billing in a growing number of major currencies and usage reports in several languages, and reliable, virtually error-free data transmission via the state-of-the-art technology of Sprint's global data network.
 Cedel provides clearing, settlement and depository services for internationally traded securities to professional financial institutions worldwide. Cedel was founded in 1970 to provide a central clearing function for the growing Euromarket and thereby reduce risks associated with the settlement of trades in that market. In addition to Eurobonds, the company now handles a wide variety of instruments across different markets. Cedel is owned by over 100 leading banks and securities trading firms worldwide. No shareholder may hold more than 5 percent of the company's share capital, thereby ensuring its neutrality and independence. With its head office in Luxembourg, the company also has regional offices in Hong Kong, London, New


York and Tokyo, servicing its international customer base in their respective local time zones.
 Sprint is a $10.4 billion international telecommunications company, providing voice, video and data networking solutions to the world's commercial, government and financial centers. Sprint operates fiber- optic and value-added networks that are among the world's largest, and maintains offices in six continents through its over 50 subsidiaries, joint ventures and distributor partners.
 -0- 7/22/93
 /NOTE: SprintNet is a registered trademark./
 /CONTACT: Janis Langley of Sprint, 202-828-7427 or, after hours, 703-533-3322, or Michel Vermaerke of Cedel, 011-352-4499-2446/
 (FON)


CO: Sprint; Cedel ST: District of Columbia IN: TLS SU: PDT

MH-DC -- DC011 -- 4480 07/22/93 11:12 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
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