|To: Eric S. who started this subject||6/17/2003 8:20:33 AM|
|Infonet Named Telemark Consulting's ``Best in Class'' Among International Network Service Providers For Sixth Consecutive Time|
Tuesday June 17, 8:07 am ET
Only Service Provider to Score "Excellent" in all "Indispensable to Customer" Service Categories
LONDON & EL SEGUNDO, Calif.--(BUSINESS WIRE)--June 17, 2003-- Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, has earned its sixth consecutive "Best in Class" honor from Telemark Consulting, a leading market intelligence firm for the telecommunications industry, in the 13th edition of its international benchmarking report on Managed Data Network Services (MDNS). Infonet has earned this high distinction in each of the past six reports, and has now solely held Telemark's "Best in Class" distinction for more than a year and a half.
Overall, Infonet was found to be the most successful Managed Data Network Service Provider at meeting the needs of its clients, with two "Outstanding" and 13 "Excellent" ratings placing it at the top of the industry in overall customer satisfaction.
In the service categories that Telemark viewed as "Indispensable to Customers" (Network Reliability, Network Availability and Fault Reporting Process), Infonet again led the industry with all "Excellent" ratings, the only service provider to do so. Infonet also scored ahead of the industry with "Excellent" ratings in the important categories of Network Operation and Customer Support, while leading the industry in Pricing and Billing. Telemark's "Gold Standard" designation was also awarded Infonet in the categories of "Local Language Support" and "24 Hour Transparent Maintenance."
"It is to Infonet's credit that it has been able to sustain its leadership in Overall Customer Satisfaction for such a long period," said Janet Watkin, Director and Managing Author of Telemark's benchmarking report. "The consistency of Infonet's `Best in Class' results together with its numerous excellent ratings is admirable, particularly since these accomplishments took place in an environment of raised customer expectations, general deterioration in satisfaction levels industry-wide, slowed growth rates, and intense competition within the industry."
According to Infonet, client and financial success is built upon a unique inter-provider strategy, combined with the highest standards for exceeding the service requirements of its more than 3,000 multinational clients, such as Nestle, Volkswagen and Diner's Club.
"In an ever changing industry, where providers and technologies both come and go, our priority remains the same -- our clients," said Jose A. Collazo, Chairman, President and Chief Executive Officer of Infonet. "This sixth consecutive `Best in Class' award is a designation that I'm proud to point to as recognition of our stability and our continuing effort to provide Infonet clients with the absolute highest quality managed data network services available in the world."
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|To: Eric S. who started this subject||6/19/2003 4:07:39 PM|
|Infonet Reports Fiscal 2003 Year-End Results|
Thursday June 19, 4:01 pm ET
EL SEGUNDO, Calif.--(BUSINESS WIRE)--June 19, 2003--Infonet Services Corporation (NYSE:IN), a leading provider of value-added global communications services, today announced results for its fiscal year 2003 and the fourth quarter ended March 31, 2003.
Total revenue for fiscal 2003 was $654 million compared to $646 million for fiscal 2002. Fiscal 2003 revenue includes an incentive fee that Infonet earned in connection with the completion of a European outsourcing agreement, of which $74 million was recognized and $57 million was collected in cash during fiscal 2003. Revenue for the fourth quarter of fiscal 2003 was $166 million, compared to $159 million for the fourth quarter of fiscal 2002, an increase of 5%. Fourth quarter revenue includes $17 million of the incentive fee.
Core revenue(1), excluding the $74 million incentive fee, increased 10% in fiscal 2003 to $552 million from $500 million in fiscal 2002. Core revenue for the fourth quarter of fiscal 2003, excluding the incentive fee of $17 million, was $149 million, versus $131 million in fiscal 2002, an increase of 14%. Core revenue growth reflects continued demand for Infonet's value-added services. Core revenue will represent 100% of revenue going forward, based on our current plan.
(1) Does not include European outsourcing revenue.
To provide greater visibility into the relationship of variable expenses to total expenses as well as revenue, we have reclassified our expenses. Expenses are now classified into five expense categories, two of which fluctuate directly with our revenues and three other operating expense categories which are fixed or can fluctuate irrespective of our revenues. The two variable cost categories are costs related to all services and local access variable costs. We believe this reclassification will better present our cost structure. In the case of local access costs, the reclassification allows the consolidation of variable access costs from multiple expense categories into one category.
Total expenses for fiscal 2003 were $701 million, compared to $670 million a year ago, an increase of 5%. Total expenses for the fourth quarter increased to $177 million from $164 million a year ago, an increase of 8%.
Communication Services Costs
Communication services costs decreased $54 million, or 34%, from $156 million in fiscal 2002 to $102 million in fiscal 2003, primarily as a result of the completion of the European outsourcing contract. Communication services costs, which are not associated with local access costs, include both country representative compensation and support compensation. The country representative compensation was previously reported in the country representative compensation category. The support compensation expense was previously reported in the selling, general and administrative category. Communication services costs excluding outsourcing services increased $11 million, or 15%, from $76 million in fiscal 2002 to $87 million in fiscal 2003. The increase is related to an increase in revenue.
Integration and Provisioning Costs
Integration and provisioning costs increased $9 million, or 5%, from $162 million in fiscal 2002 to $171 million in fiscal 2003, largely due to increased integration and provisioning revenue. Integration and provisioning costs include expenses related to the provisioning of the "last mile" whereby Infonet installs and manages leased lines and customer premise equipment at the client site to enable access to The World Network. Integration and provisioning costs excluding outsourcing services increased $36 million, or 28%, from $129 million in fiscal 2002 to $165 million in fiscal 2003. The increase is primarily related to an increase in revenue. Integration and provisioning costs as a percentage of the local access portion of consulting, integration and provisioning revenue, excluding outsourcing services, was 97% in both fiscal 2002 and fiscal 2003.
Bandwidth and Related Costs
Bandwidth and related costs increased $39 million, or 35%, from $110 million in fiscal 2002 to $149 million in fiscal 2003. The increase was primarily due to a write-off of $41 million in bandwidth assets during the first quarter of fiscal 2003. Bandwidth and related costs are primarily comprised of leasing and amortization expenses associated with network circuits. Excluding the write-off, bandwidth and related costs decreased by $2 million in fiscal 2003, reflecting the fact that Infonet is able to leverage its network as core revenue grows.
Network operations expense increased $22 million, or 21%, from $102 million in fiscal 2002 to $124 million in fiscal 2003, including approximately $14 million in increased expenses associated with the support of transitioned European outsourcing agreement clients. Excluding this amount, the increase was $8 million or 7%. Our network operations expense includes costs associated with our network management, operations and support activities. These costs include personnel, occupancy, maintenance, equipment depreciation, outsourcing costs and other network related costs.
Selling, General and Administrative
Selling, general and administrative expenses increased $16 million, or 11%, from $140 million in fiscal 2002 to $156 million in fiscal 2003, primarily due to bad-debt expenses caused by the bankruptcy of our resellers. We have rarely incurred bad-debt expenses in the past. Excluding the bad-debt expense of $6 million, SG&A increased by 7% for fiscal 2003. Selling expenses consist primarily of personnel costs and incentive compensation related to our consolidated country representative sales force, as well as costs related to providing centralized sales and marketing support for our non-consolidated country representatives.
Depreciation and Amortization
Depreciation, amortization and asset write-offs for fiscal 2003 were $118 million. Excluding asset write-offs, depreciation and amortization charges were $77 million in fiscal 2003, up $1 million from the previous fiscal year. Depreciation and amortization for the fourth quarter of fiscal 2003 totaled $19 million, a $1 million decrease from that of the fourth quarter a year ago.
Operating Income, Net Income, EPS
Operating loss increased from $25 million in fiscal 2002 to $47 million in fiscal 2003. Infonet's operating loss for the fourth quarter of fiscal 2003 totaled $12 million. This compares to an operating loss in the comparable quarter last year of $5 million.
For fiscal 2003, Infonet recorded an income tax charge of $178 million compared to a tax provision a year ago of $2 million. The 2003 non-cash charge included approximately $182 million booked in the fourth quarter of fiscal 2003 to establish a valuation allowance against the Company's net domestic deferred tax assets.
Net loss for fiscal 2003 totaled $220 million, or $0.47 per share. In fiscal 2002, the Company recorded a net loss of $13 million, or $0.03 per share. Net loss for the fourth quarter totaled $196 million, or $0.42 per share. In the year-ago fourth quarter, the Company recorded a net loss of $4 million, or $0.01 per share.
Extraordinary Item: Debt Repayment
During the latter half of fiscal 2003, Infonet repaid all of its outstanding debt -- $102 million, including $21 million of mortgage debt and $81 million under its $250 million credit agreement. The Company recorded an extraordinary expense of $5 million, which represents unamortized debt issuance costs and other costs associated with the debt payoff and termination of the credit agreement.
Other Operating Highlights
The cash outlay for capital expenditures for fiscal 2003 totaled approximately $45 million, compared to $172 million in fiscal 2002. The cash outlay for the fourth quarter of fiscal 2003 was approximately $9 million compared to $14 million for the fourth quarter of fiscal 2002.
In fiscal 2003, Infonet added 672 new client service contracts, compared to 685 new client service contracts during fiscal 2002. Of the new contracts added in fiscal 2003, 343 were new clients and 329 represented additional sales to existing clients. During the fourth quarter of fiscal 2003, Infonet added 169 new client service contracts, compared to 125 new client service contracts during the fourth quarter of fiscal 2002. Of the new contracts added in the fourth quarter of fiscal 2003, 82 were new clients and 87 represented additional sales to existing clients.
Balance Sheet and Cash Position
At March 31, 2003, after repaying approximately $109 million in debt, Infonet's balance sheet reflected cash, cash equivalents and short-term investments totaling $429 million, compared to $518 million at fiscal year-end March 31, 2002.
Net cash generated from operating activities during the year was approximately $94 million, which included the incentive fee payment of $57 million. The cash outlay for capital expenditures of approximately $45 million, a new business investment of approximately $18 million, stock repurchases of approximately $12 million, and the debt repayment of approximately $109 million are reflected in the changes in our cash and short-term investments.
Operating cash flow for fiscal 2003 of approximately $94 million, less the outlay for capital expenditures of approximately $45 million, resulted in a free cash flow of approximately $49 million. Operating cash flow, excluding the benefit of the incentive fee, less outlay for the capital expenditures, resulted in near positive cash flow.
Stock Repurchase Program
Infonet's Board of Directors previously approved the expenditure of up to $100 million over 24 months to repurchase shares of the Company's common stock. Infonet repurchased approximately 6.2 million shares in fiscal 2003 for $12.3 million at an average price of $1.97 per share. As of March 31, 2003, Infonet had repurchased approximately 7.4 million shares since the inception of the program for $14.8 million at an average price of $2.01 per share.
Jose A. Collazo, Chairman, President and CEO, said, "Infonet ended fiscal 2003 with core revenue growth of 10%, no debt and cash and short term investments of $429 million and core revenue of $552 million. This occurred during a year that saw bankruptcies of companies such as Worldcom, KPNQwest, Genuity and others.
"Demand for our services, as evidenced by new account growth in the Americas and the Europe, Middle East and Africa (EMEA) regions, continued strong in spite of various geopolitical factors. New clients increased by 23% to 139 new clients in the Americas and by 6% to 417 new clients in EMEA in fiscal 2003. New clients in Asia Pacific were 116 compared to 178 new clients in the previous fiscal year.
"Fiscal 2003 saw an introduction of new service offerings, particularly in the IP area, which is experiencing strong demand by multinational entities. Infonet's financial strength means that our new services introduction as well as improvements to many of our existing services continues even during periods of slow economic activity.
"Our core revenue per Infonet employee, excluding the impact of the $74 million incentive fee, was approximately $545,000 compared to approximately $521,000 in fiscal 2002, an improvement of five percent. Overall revenue per Infonet employee was approximately $645,000 in fiscal 2003 and approximately $672,000 in fiscal 2002, reflecting the decreases from the outsourcing contract. The core revenue per employee increase shows that we are able to improve the productivity of our personnel in a business that continues to experience price erosion of about 20%.
"Our operating results also reflected our continued investment in developing services and increases in our integration and provisioning costs, particularly increases in local access costs. We are taking steps to increase the coverage of our network and to deploy new technologies to reduce local access costs.
"With a strong balance sheet, demand for our services and a focused program aimed at improved margins we expect to continue progress towards our goal of generating after tax profits from our core business."
Infonet's revenue in Americas, including the incentive fee of $74 million, was $213 million in fiscal 2003 compared to $143 million in fiscal 2002.
Sales to new clients in Americas in fiscal 2003 include 139 new client contracts: 79 new clients and 60 new contracts with existing clients. This compares to 113 new contracts signed in fiscal 2002.
Infonet's revenue in Americas was $56 million in the fourth quarter of fiscal 2003, including $17 million of the incentive fee, compared to $36 million in the fourth quarter of fiscal 2002.
Sales to new clients in Americas for the fourth quarter of fiscal 2003 include 40 new client contracts: 31 new clients and 9 new contracts with existing clients. This compares to 26 new contracts signed in the fourth quarter of fiscal 2002.
Infonet's revenue in Asia Pacific was $90 million in fiscal 2003 compared to $79 million in fiscal 2002.
Sales to new clients in Asia Pacific in fiscal 2003 include 116 new client contracts: 63 new clients and 53 new contracts with existing clients. This compares to 178 new contracts signed in fiscal 2002.
Infonet's revenue in Asia Pacific of $22 million in the fourth quarter of fiscal 2003 compared to $23 million in the fourth quarter of fiscal 2002.
Sales to new clients in Asia Pacific for the fourth quarter of this fiscal year include 22 new client contracts: 8 new clients and 14 new contracts with existing clients. This compares to 30 new contracts signed in the fourth quarter of fiscal 2002.
Europe, Middle East and Africa (EMEA)
Infonet's revenue in EMEA was $351 million in fiscal 2003 compared to $424 million in fiscal 2002. Excluding non-core revenue of $146 million in fiscal 2002 and $28 million in fiscal 2003, Infonet's revenue in EMEA increased $45 million, or 16%, from $278 million in fiscal 2002 to $323 million in fiscal 2003.
Sales to new clients in EMEA in fiscal 2003 include 417 new client contracts: 201 new clients and 216 new contracts with existing clients. This compares to 394 new contracts signed in fiscal 2002.
Infonet's EMEA revenue was $87 million in the fourth quarter of fiscal 2003 compared to $100 million in the fourth quarter of fiscal 2002. Core revenue grew by 20% compared to the fourth quarter of fiscal 2002.
Sales to new clients in EMEA for the fourth quarter of this fiscal year include 107 new client contracts: 43 new clients and 64 new contracts with existing clients. This compares to 69 new contracts signed in the fourth quarter of fiscal 2002.
Filing, Web Cast/Conference Call Information
Infonet expects to file its 10-K with the Securities and Exchange Commission for the year ended March 31, 2003 on June 26, 2003. It will be available through www.sec.gov, which can be accessed through Infonet's investor relations site at www.infonet.com.
Infonet will host an investor conference call and audio Webcast to review fourth quarter results on Friday, June 20, 2003, at 9 a.m. New York time (2 p.m. in London, 6 a.m. in Los Angeles). Participants within the United States should call 1-800-289-0436. Outside the United States, participants should call +1-913-981-5507.
For a replay of the call within the United States, call 1-888-203-1112; outside the United States, call +1-719-457-0820. The replay will be available from noon, Eastern Standard Time on Friday, June 20, through midnight on June 24, 2003. The confirmation code for the replay is 248502.
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|To: Eric S. who started this subject||6/24/2003 8:42:46 AM|
|Infonet Extends Services to India|
Tuesday June 24, 8:08 am ET
Partnership with i2i Enterprise Ltd. Combines Local Market Expertise With Infonet's Global Communications Services
EL SEGUNDO, Calif.--(BUSINESS WIRE)--June 24, 2003--Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, today announced its partnership with market leader, i2i Enterprise, to expand its services to India. Through this strategic partnership, Infonet, with local headquarters based in Mumbai, will offer competitive IP access and virtual private network (VPN) services to the growing base of multinationals within the country.
As a market leader in India, i2i Enterprise services numerous Fortune 1000 customers and operates nationwide communications services with point-of-presence in the 25 largest metropolitan areas. "We are delighted with this partnership," said Prakash Jain, CEO, i2i Enterprise. "By combining our local market strengths with Infonet's global expertise, we are able to offer multinationals access to a worldwide managed network, international support services, innovative solutions and consulting capabilities.
IDC expects the Indian IP VPN services market to grow to U.S.$210 million by 2006 from U.S.$11 million in 2001. In addition, IDC estimates that the total number of IP VPN connections in India will grow at a CAGR of 105% from 2001-2006. This is the second fastest growth rate in the Asia/Pacific region after China. (Source: "Asia/Pacific IP VPN Services Market Forecast and Analysis, 2001-2006," July 2002)
"Extending our services and establishing operations in India, a key telecom market with a strong demand for VPN and broadband access services, is part of Infonet's strategic plan to enlarge its overall presence in Asia," commented John Hoffman, Executive Vice President of Global Sales, Infonet Services Corporation. "Infonet strives to provide multinationals in India and the region with quality, customized managed network services, based on our unique consulting approach and strong product offering."
Through its proprietary Application-Defined Networking (ADN) approach, Infonet will consult and provide Indian multinationals with the right solution to achieve their business objectives. Infonet's full portfolio of integrated communications technologies offered includes: Managed Access (Remote, Satellite); Intranet (Frame Relay, IP, ATM); Broadband (Multimedia); Internet (Transit, IVPNs); and Application Services (Call Center, Messaging).
Infonet expects significant demand for its IP VPN services in India, and is ready to address this need with its flagship IP capability called IP VPN Secure. Infonet's IP VPN Secure uses multi-protocol label switching (MPLS) technology and offers four classes of service to bring a new level of security, scalability and flexibility to IP VPN.
The new Mumbai office adds to Infonet's existing global footprint, which also covers 13 Asia/Pacific countries, including Australia, China, Hong Kong, Japan, Malaysia, Singapore and South Korea.
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|To: Eric S. who started this subject||8/5/2003 8:11:14 AM|
|SWIFT Cites Infonet as a Provider of Choice for World's Leading Financial Organizations|
Tuesday August 5, 8:04 am ET
Global Banking Institutions Select Infonet Services for High Performance IP Services
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Aug. 5, 2003--Known for its unparalleled global performance and client service initiatives, Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, has been selected as service provider of choice by a growing percentage of the world's leading financial institutions. These contractual commitments are a result of Infonet's alliance within the Society of Worldwide Interbank Financial Telecommunications' (SWIFT) SWIFTNet migration program, which the company has been participating in since January.
SWIFT is the industry-owned cooperative that supplies secure messaging services to 7,500 financial institutions in nearly 200 countries.
Crediting Infonet's financial stability, award-winning client service and performance initiatives and strategic global reach, company officials have confirmed more than 150 contractual orders have been given to Infonet to date by SWIFT member banks from 15 different countries. In addition, many orders are expected soon to be received from an additional 14 countries.
"SWIFT is pleased to be able to offer Infonet's IP services to our member financial organizations," said Didier Verstichel, Director of Worldwide Networks, SWIFT. "Our customers require a flawless migration to SWIFTNet and Infonet is delivering on its strengths to meet this requirement for SWIFT members."
Infonet is working with SWIFT partners and customers in over 70 countries worldwide and orders have been specifically received to date from Luxembourg, Hong Kong, Finland, Japan, Belgium, Switzerland, Liechtenstein, UK, Netherlands, Spain, Australia, Portugal, Philippines, Singapore, and Germany.
"Access to and effective use of SWIFT and SWIFTNet is of the utmost, mission-critical importance for the world's leading financial organizations," said David Neal, Vice President at Infonet Services Corporation. "We are proud that so many leading institutions are recognizing our expertise in providing and managing IP access to SWIFTNet."
Earlier this year, Infonet announced that it will offer standardized connectivity to the SWIFT backbone network that underpins SWIFTNet, its IP-based messaging platform. With a broad global footprint, underscored by local market expertise and excellent customer service, Infonet is advantageously structured, equipped and able to offer SWIFT clients unparalleled data network services support.
SWIFT provides messaging services to banks, brokers/dealers and investment managers, helping customers reduce costs, improve automation and better manage risk. Last year, the SWIFT network carried more than 1.5 billion payment messages between its end-user clients
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|To: Eric S. who started this subject||9/2/2003 8:38:42 AM|
|Infonet Launches Wholly-Owned Subsidiary in Singapore|
Tuesday September 2, 8:01 am ET
Subsidiary Strengthens Commitment to Services in Singapore
SINGAPORE--(BUSINESS WIRE)--Sept. 2, 2003--Infonet Services Corporation (NYSE:IN), a leading provider of global communications solutions for multinationals, announced today the launch of a wholly-owned subsidiary, Infonet Singapore Pte Ltd. Infonet established this subsidiary to strengthen its commitment to support existing clients in Singapore, while providing all multinationals in the region with better access to Infonet's integrated global communications solutions. Multinationals requiring managed global network connectivity now have the option to utilize Infonet Singapore as a single-source partner for everything from Managed Access (Remote, Satellite); Intranet (IP, Frame Relay, ATM) and Broadband (Multimedia); to Internet (Transit, IVPNs); and Application Services (Call Center, Messaging).
Infonet has been operating in Singapore for more than 20 years through its partner SingTel, and the country has served as Infonet's Asia-Pacific headquarters since June 2000. Clients who utilize Infonet's services in the region include Creative Technology, Nestle and Volkswagen.
"Singapore is home to 6,000 multinationals and is one of the most advanced telecom markets in the world. As such we recognize these multinationals' distinct need for 'best in class' global data communications," said Jose A. Collazo, Chairman, President and CEO of Infonet. "Infonet maintains a strong position competitively and financially, and as such, we are constantly looking for opportunities, such as this and our recent opening of Infonet India, to extend our commitment to quality, value, and unparalleled client support into fast growing regions around the world."
Infonet expects significant demand for its IP VPN services in Singapore, including IP VPN Secure, Infonet's flagship IP capability, which utilizes multi-protocol label switching (MPLS) to offer classes of service for enterprise applications. Infonet was one of the first global communication service providers to offer a worldwide IP VPN service and the company currently owns one of the world's largest Private IP backbones, spanning 67 countries. This experience and infrastructure is vital for Singapore multinationals looking for seamless integration of cost-saving IP technologies into their global network.
"IDC expects revenues from IP VPN services in Singapore to reach U.S. $215 million by the end of 2003, which accounts for a sizeable 16% of total revenues for the Asia-Pacific region (excluding Japan). With 76% of this revenue coming from international connectivity, Singapore represents a real growth market opportunity for IP VPN services in the region for Infonet," said Renee Gamble, Program Manager, IP and Broadband Research, IDC Asia-Pacific. "What's more, with its new Singapore operation, Infonet will be able to capitalize on its strong network presence and long history of servicing clients in the region."
Multinationals in Singapore will also directly benefit from Infonet's unique consultative approach and proprietary Application Defined Networking (ADN) methodology, geared towards optimizing the performance of enterprise applications on the network by aligning technological capabilities with an individual corporation's specific business goals.
"For Singapore multinationals with complex global networking requirements, the establishment of Infonet Singapore will be a welcome move," said Daryl Oo, Infonet Regional Manager, South-East Asia. "In addition to companies being able to rely on the expertise of a provider with more than 33 years of global communications know-how, they also now have access to Infonet's advanced broadband network, which runs over our 900,000 route kilometer the World Network® and is able to deliver a combination of voice, video and data to 70 countries across the globe."
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|To: Eric S. who started this subject||9/16/2003 8:24:34 AM|
|Infonet and KCOM Team To Provide High-Speed Wireless Service In Japan|
Tuesday September 16, 8:00 am ET
Enterprise AirH'' Offering Doubles the Speed of Previous Mobile Data Solutions
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Sept. 16, 2003--Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, and KCOM Corp., a wholly owned subsidiary of KDDI Corp. (KDDI) -- Japan's second largest telecommunications carrier, today announced the availability of the high-speed AirH" (pronounced "Air Edge") mobile data service for enterprise users throughout Japan.
KCOM and Infonet have been providing mobile data solutions within Japan since 2000 with the release of its award-winning PIAFS service offering. The integration of the DDI POCKET's AirH" service provides users the ability to access enterprise content at speeds up to 128kbps -- twice the speed of the current offering. Utilizing Infonet's IP/MPLS network, enterprise customers are able to establish a closed network environment with the new offering, providing enhanced performance and a secured environment independent of the public Internet.
In keeping pace with the tremendous demand for high-speed mobile access technology in Japan, Infonet and KCOM have simplified the packaging of the service, offering a flat rate per month package for enterprise users. Users can select the phone price combination provided by DDI POCKET, Inc. (another subsidiary of KDDI) via one of many widely-available network interface cards, giving them a high-speed wireless alternative that provides high-quality access anywhere the AirH" service is available.
"The notebook computer and personal data organizer have become the mobile professional's briefcase -- providing essential tools for keeping them connected to their enterprise in real-time," said Marc Patterson, Vice President of Mobile Workplace Solutions for Infonet Services Corporation. "In the past, inherent speed and performance challenges limited the use of these mobile devices and left mobile professionals in Japan waiting for a next-generation solution that could provide a truly exceptional level of access speed and service. The integration of the AirH" service into our IP/MPLS environment provides enterprise customers high-speed on-demand access throughout Japan while ensuring their enterprise is secure."
"This collaboration is the next step in our initiative to provide solutions to the needs of wireless data and mobile users throughout Japan," remarked Yozo Takenouchi, Managing Director, KCOM. "Our collaboration with Infonet has provided a unique capability to our customers which is in high-demand."
The solution, while currently available only in Japan, provides an important component to the mobile data offering provided by leading providers in Japan. The offering further demonstrates the viability of next generation wireless technology, and positions Infonet for similar offerings in other parts of the world.
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|To: Eric S. who started this subject||9/25/2003 2:51:47 PM|
|Infonet Embraces Wi-Fi By Announcing Next Generation Mobility Strategy|
Thursday September 25, 8:08 am ET
Plan Highlights Partnerships, Innovation, and Involvement in Wireless LAN and Remote Access Services
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Sept. 25, 2003-- Infonet Services Corporation (NYSE: IN), a leading provider of global communications services for multinationals, today briefed analysts on its new enterprise mobility strategy. Building upon its history in addressing remote access requirements for multinational clients, Infonet announced new capabilities under MobileXpress(TM), a set of service offerings scheduled for release in early 2004.
The three-phased MobileXpress strategy includes expansion into Wireless LAN/Wi-Fi and Wireless WAN/mobile services, accompanied by a series of soon-to-be-announced partnerships to complement Infonet's award-winning remote access services. Coupled with a parallel effort of providing an unprecedented range of security capabilities, this combination will provide multinationals with secure, ubiquitous access to their corporate data.
Research firm IDC predicts that the total number of public Wi-Fi users is expected to grow from 2.4 million in 2003 to 10.4 million in 2005, a 324% growth over the period. According to Scott Ellison, Program Director for Wireless & Mobile Communications at IDC, "The connectivity needs of rapidly growing mobile and remote workforces means that multinational companies must expand their remote access facilities. Infonet's broadband wireless strategy successfully responds to this requirement through extending seamlessly the remote access portfolio to encompass new wireless facilities."
"Providing end-users the ability to access applications and content anytime from anyplace remains a core strength of Infonet," said Jose Collazo, Chairman, President, and Chief Executive Officer of Infonet. "Infonet's investment in the evolution of wireless and security capabilities has provided us the ability to create innovative services to address our client's requirements."
To provide state-of-the-art solutions, Infonet has been consistently active with industry standards groups, including the Wi-Fi Alliance, to ensure compliance. "Standardizing emerging Wi-Fi certifications, such as Wi-Fi Protected Access, to meet service provider requirements is critical to accelerating hotspot usage," said Greg Hayes, Infonet's Director of Marketing for Mobile Workplace Solutions and Infonet's principal representative to the Wi-Fi Alliance. "Security, roaming and the quality of the end-user experience will determine the success of Wi-Fi in public venues."
"We are pleased to have Infonet, a leading global service provider, as a participant in the Wi-Fi Alliance," said Dennis Eaton, Chairman of the Wi-Fi Alliance. "As a strong supporter of interoperability and the 802.11 technology, the Wi-Fi ZONE initiative and public access Wi-Fi services, we are confident that Infonet will help our organization in achieving our goal of enhancing the user experience through product interoperability."
Infonet's MobileXpress strategy extends the boundary of The World Network by Infonet by allowing wireless anywhere, anytime communications. This natural extension to Infonet's global communications portfolio provides not only additional value to multinationals, but adds significant worth to the company's overall solution set. To that end, the three major phases of the strategy are: wireless/remote switched VPN access ("Switched VPN"), broadband wireless VPN ("Broadband"), and culminating with the availability of wireless broadband roaming and settlement across both Wi-Fi and 3G mobile networks ("Broadband Roaming").
"Mobility is not about technology, or hotspots, or connectivity -- it's about providing people the simple ability to make any workspace a `mobile workplace,' and make it work," said Greg Hayes. "Technology change can be highly disruptive, especially with the wide range of new options to consider. We've worked closely with our clients in the development of the mobility strategy."
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|To: Eric S. who started this subject||10/2/2003 8:08:03 AM|
|TNT Logistics Chooses Infonet As Its Global Network Provider|
Wednesday October 1, 4:01 pm ET
Infonet's MPLS-Enabled IP VPN Secure Connects 15 TNT Logistics Sites Around the World
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Oct. 1, 2003--Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, today announced that TNT Logistics, a division of TPG, the global provider of mail, express and logistics services, has chosen Infonet to provide an MPLS-enabled IP VPN Secure network for 15 TNT Logistics sites in Europe, Asia, Australia and the United States.
With more than 32,000 employees in 36 countries, TNT Logistics is the second largest logistics provider in the world, and one of the few logistics providers capable of restructuring and managing the supply chains of globally operating corporations. TNT Logistics currently operates more than 1,100 contracts and manages more than 6.2 million square meters of warehouse space around the world.
"TNT Logistics has one of the most advanced global IT platforms in the logistics industry in place and continually aims to improve it in order to optimally achieve integration and visibility in our customers' supply chains," said Willem Veekens, IT Infrastructure Manager for TNT Logistics. "The enhanced global IT platform services that Infonet supplies will further support this goal."
Under the terms of the agreement, Infonet is providing TNT Logistics with a flexible IP VPN Secure-based Wide Area Network (WAN) that prioritizes TNT Logistics' mission-critical applications, including JD Edwards ERP.
Using both MPLS and Class of Service (CoS), Infonet's IP VPN Secure gives TNT Logistics the benefits of IP, coupled with an awareness to support its mission-critical ERP and nonmission-critical e-mail and Web-based applications in a secure and prioritized environment -- allowing for the convergence of voice, video and data.
The Infonet network for TNT Logistics is both flexible and scalable. TNT Logistics can easily support its future growth and its clients' needs by quickly bringing new locations onto the network, in addition to being able to add new applications that require any-point- to-any-point connectivity.
"Infonet beat out the competition with outstanding Service Level Agreements, superior technical network design and impressive management reporting tools, but above all, Infonet's financial stability was a decisive factor," said Mr. Veekens. "Infonet has delivered on what it promised and what we expected, a robust and reliable network that addresses our business needs and remains cost effective."
"Our goal was to create a network for TNT Logistics that would allow it to optimize its business processes through an MPLS-enabled IP VPN, but still allows for the quick and easy adoption of new technologies and new applications anywhere TNT Logistics might be conducting business," said Carolien Nijhuis, Managing Director, Infonet Nederland. "We look forward to working with TNT Logistics as its requirements evolve, and new locations and applications come onto the network."
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|To: JakeStraw who wrote (214)||10/2/2003 8:09:29 AM|
|Infonet Announces the Beginning of Operations with Telmex, the Main Telecommunications Company in Mexico|
Thursday October 2, 8:00 am ET
MEXICO CITY and EL SEGUNDO, Calif.--(BUSINESS WIRE)--Oct. 2, 2003--
Companies Agree on a Strategic Alliance to Provide Services
to Their Corporate Clients
Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, today announced that it will provide its services to Telmex, Mexico's leading telecommunications provider, in support of Telmex's continuous expansion strategy to satisfy its growing network coverage demands. Under the terms of the agreement, clients of both companies will benefit from this strategic alliance, both for the administration of their global frame relay networks, as well as the coverage that will be assured by the combination of both companies' networks.
The agreement includes additional voice and data network interconnects which represent major growth opportunities for both Infonet and Telmex.
Through this agreement, Telmex strengthens its group of suppliers for the globalization of its services, which will in turn benefit Telmex clients by providing them with additional capacity for worldwide connectivity. Mr. Isidoro Ambe Attar, Corporate Marketing Director for Telmex, said, "We chose Infonet for its global frame relay coverage, excellent quality of service, and its international recognition. Through this nonexclusive alliance, we strengthen our worldwide services."
"Our clients understand the importance of doing business in Mexico," said Hans van Luit, Chief Executive Officer of Infonet Mexico. "Through this alliance we are facilitating business by making communications run optimally throughout this major market."
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|To: Eric S. who started this subject||10/16/2003 8:41:35 AM|
|Infonet Announces Availability of FlexIVPN Services for Frame Relay Environments|
Thursday October 16, 8:00 am ET
FlexIVPN Provides a Financially Attractive Interim Step Towards Full IP Services
EL SEGUNDO, Calif.--(BUSINESS WIRE)--Oct. 16, 2003-- Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, today announced the availability of FlexIVPN, a new service that delivers the attractive advantages of managed IP services along with the reliability and predictable performance of Infonet's award-winning Global Frame Relay platform.
A major differentiator of the FlexIVPN offering is its innovative structure, which provides users the ability to cost-effectively scale the level of meshing required by their application demands. Developed to deliver IP's benefits without major network migrations, the service runs over Infonet's Global Frame Relay Network, but supports seven different port types to provide Class of Service for multinationals that have applications requiring low to medium levels of meshing and deterministic performance between site pairs.
"Direct migration from frame relay to IP VPN isn't something that most multinational corporations are looking at right now, for several reasons, including the fact that it's cost prohibitive," said Eric Paulak, Research Vice President, Gartner. "Instead, they should be looking for interim services that are cost effective, demonstrate reliable and predictable performance, and offer Class of Service."
FlexIVPN was designed specifically for the type of hub and spoke network topologies and IT system architectures that are present in virtually all multinational corporations. With FlexIVPN, existing Infonet Global Frame Relay clients can experience a number of benefits, without a physical migration, including:
A cost-effective port-only pricing structure
Seven port type options for CoS features and functions
Continuity of all Service Level Agreements (SLAs) and reporting
Similarly, for new clients, FlexIVPN offers:
Simple, port-only pricing with specific site-to-site guarantees complemented by strong SLAs and reporting
Pricing that scales to accommodate increasing levels of meshing
A wide range of Class of Service (CoS) features to accommodate the unique performance requirements of specific enterprise applications
"We've found that FlexIVPN balances the popularity of IP services with the financial realities that many clients are facing. For many clients, a service like this is easier to justify, easier to deploy, and the return on investment is there, as are many of the tangible benefits of IP, including any-to-any point connectivity and Class of Service," said Bob DaGiau, Infonet's Vice President, Packet Services Marketing. "FlexIVPN offers these benefits in a familiar frame relay environment, providing a number of multinationals with a logical and financially attractive interim step towards full IP services."
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