Global Crossing to Power GlobeTel`s VoIP Solution for Calls to Latin America and Caribbean
October 06, 2005 08:01:21 (ET)
MIAMI, Oct 06, 2005 /PRNewswire-FirstCall via COMTEX/ -- Global Crossing (GLBC, Trade) announced today that GlobeTel Communications Corporation (GTE, Trade) has selected its integrated, global IP-based network to offer international cable companies and Internet Service Providers (ISPs) a completely customizable Voice over IP (VoIP) solution for clients located in Latin America and the Caribbean.
Starting in October 2005, GlobeTel, a diversified telecommunications and financial services company with headquarters in southern Florida, will use Global Crossing IP Transit(TM), Global Crossing VoIP Local Service(TM) and Global Crossing VoIP Outbound(TM) to provide international service providers with end-to-end VoIP from anywhere in the United States to Argentina, Brazil, Bolivia, Colombia, Mexico, Peru and the entire Caribbean.
"We selected Global Crossing to launch our turnkey VoIP solution for international service providers because of its network's extensive reach, as well as its reputation for industry-leading technology, reliability and security," said Timothy Huff, chief executive officer of GlobeTel. "IP technology is the basis for new, powerful voice applications that will drive the future of telephony, and with Global Crossing as our partner, we're confident that we'll be able to maximize the benefits of voice over IP."
Global Crossing was the first provider to deploy a global MPLS-based IP network and continues to innovate its technology. Global Crossing was also the first to deploy a global MPLS-based IP-VPN and a global MPLS-based VoIP network. The network's MPLS-based platform enables Global Crossing to deliver converged IP services and IP applications over a single network. In addition, business information firm iLocus recognized Global Crossing as the leading National VoIP Transport Provider in its Global VoIP Market 2004 study.
"We're delighted GlobeTel selected Global Crossing to power its VoIP platform for service providers in Latin America and the Caribbean," said Dale Miller, senior vice president of carrier sales, Latin America and the Caribbean. "VoIP telephony requires expertise and depth of product knowledge to ensure success. That's why companies such as GlobeTel partner with Global Crossing."
Global Crossing VoIP Local Service will provide GlobeTel's customers local numbers in the United States that end-users can dial at no charge. With Global Crossing IP Transit, calls to these numbers will be routed to Global Crossing's VoIP network through an IP-based connection. Global Crossing VoIP Outbound will then transport the packet-based voice traffic to Latin America and the Caribbean and complete the call.
Global Crossing has built one of the world's most extensive integrated voice networks. By providing a dedicated connection and transporting calls across a secure, private backbone, the company ensures its voice traffic receives maximum protection. VoIP packets are given highest priority in Global Crossing's IP backbone, which translates into reliable, carrier-quality service with minimized latency, packet loss and jitter, as well as call quality that is even and predictable.
ABOUT GLOBAL CROSSING
Global Crossing (GLBC, Trade) provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects more than 300 cities and 30 countries worldwide, and delivers services to more than 500 major cities, 50 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.
Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of managed data and voice products including Global Crossing IP VPN Service, Global Crossing Managed Services and Global Crossing VoIP services, to more than 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs.
GlobeTel Communications Corporation (GTE, Trade) is a diversified telecommunications and financial services company. GlobeTel Communications Corporation operates business units in stored value debit cards, as a certified MasterCard processor, the sale of Carrier grade VOIP of long distance to major long distance re-sellers, VoIP technology and development, and high altitude airship research and development. These self-contained business units were developed to operate independently of each other. The symbiotic relationship however, provides value to each of the other business units. This strategy offers GlobeTel financial diversity and risk mitigation while striving toward its operating objectives.
Operating on a global basis, GlobeTel has, historically, focused its business development on markets outside of the United States. Current operations and business relationships exist in Asia, Europe, South America, Mexico and the Caribbean.
Additional information concerning other areas and topics of GlobeTel Communications Corp. can be found on its Web site at http://www.globetel.net.
Statements made in this press release that state Global Crossing's intentions, beliefs, expectations, or predictions for the future are forward- looking statements. These statements contain words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "will," "seek," or similar expressions. Such statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements, including the conditioning of the company's continued listing on the NASDAQ National Market on its timely filing with the SEC of all periodic reports for all reporting periods ending on or prior to September 30, 2005; the company's history of substantial operating losses and the fact that, in the near term, funds from operations will not satisfy cash requirements; legal and contractual restrictions on the payment of dividends and the inter-company transfer of funds by the company's subsidiaries, including restrictions under the senior secured notes indenture applicable to Global Crossing (UK) Telecommunications Limited("GCUK"); the likelihood that the prices the company charges for its services will continue to decrease; the company's ability to continue to connect its network to incumbent carriers' networks or maintain Internet peering arrangements on favorable terms; the success of the company's business realignment plan and the realization of anticipated cost savings; the consequences of any inadvertent violation of the company's Network Security Agreement with the U.S. Government; the impact of actual and potential customers' bankruptcies on the company's sales prospects and results of operations; increased competition and pricing pressures resulting from technology advances and regulatory changes; competitive disadvantages relative to competitors with superior resources; the impact on the company's competitiveness of its technology choices; the company's dependence on third parties for many functions; political, legal and other risks due to the company's substantial international operations; risks arising out of the company's material weaknesses in internal controls and possible difficulties and delays in improving such controls; the concentration of GCUK's revenue in a limited number of customers, and the rights of such customers to terminate their contracts or to simply cease purchasing services there under; and other risks referenced from time to time in the company's filings with the Securities and Exchange Commission. The company undertakes no duty to update information contained in this press release or in other public disclosures at any time.