VIP Calling and Glocalnet Peer to Achieve Global Presence

VIP Calling and Glocalnet Peer to Achieve Global Presence Combination of largest wholesale VoIP network with leading European IP telephony network is first to offer global one-stage dialing. Las Vegas, NV-Spring '99 Voice on the Net (VON)-April 13, 1999 - VIP Calling, Inc., the leading provider of wholesale international Internet telephony services, and Glocalnet, the European leader in Voice over IP service provisioning, today announced an agreement to provide peering between their IP telephony networks. Since both VIP Calling and Glocalnet operate networks based on Cisco equipment, their combined presence creates the first truly global, toll-quality, one-stage dialing Internet telephony network. Under the agreement, Glocalnet will benefit from VIP Calling's comprehensive IP telephony footprint in the Americas, Europe, Middle East and heavy presence in Asia. VIP Calling will get access to Glocalnet's leading European network adding numerous POPs to the VIP Calling Network. This VIP Calling-Glocalnet network creates a truly global IP telephony network that delivers the benefits of PSTN-level quality of service with an Internet cost structure. "The VIP Calling Network is one of the industry's fastest growing networks," said John Chambers, President and CEO, Cisco Systems. "Its success underscores how quickly leading-edge service providers and their customers are moving to the New World of global multi-service networking." "This agreement is a win-win for both our companies," said Andrin Bachmann, co-founder and executive vice president at Glocalnet. "By combining our Cisco-based global networks, we'll be setting the industry's standard for fast, reliable, and high-quality telecommunications services. This will help us meet the increased demands for global access of both new and existing customers." "The VIP Calling Network with its one-stage dialing paves the way for widespread acceptance of Internet telephony and mirrors the astounding growth of the IXCs 20 years ago," said Ofer Gneezy, CEO and president, VIP Calling. "Just as the need for a special local access code in every city restrained the early growth of MCI and the other IXCs, today all other Internet telephony services are hobbled by lengthy two-stage dialing. This important peering agreement with Glocalnet augments and enhances our existing peering agreements with ICG Telecom and ITXC bringing the VIP Calling Network to well over 100 Points of Presence with thousands of lines carrying many millions of minutes per month." The combined VIP Calling-Glocalnet Network will be accessed through one-stage dialing, a major strength that is shared by no other global Internet telephony competitor. With one-stage dialing, customers can access IP telephony services as easily as traditional telephony services. This is a major improvement in customer convenience compared to the two-stage dialing procedure consisting of an access number, a PIN code and the destination number. About VIP Calling VIP Calling, Inc., based in Burlington, Mass., is a leading facilities-based carrier utilizing the Internet to provide wholesale international telecommunication services. Founded in 1996, the company has leveraged its engineering and telecommunications expertise to deploy the VIP Calling Network, a state-of-the-art IP telephony network providing PSTN-level quality. The VIP Calling Network has gateway and switching facilities in New York, Los Angeles and Hong Kong, a Network Operations Center in Burlington, Mass., and high capacity points of presence (POP) worldwide. VIP Calling enables carriers, prepaid card operators and telephony resellers to reduce costs and increase profit margins. The company can be reached at 781-505-7500 or at www.vipcalling.com. Glocalnet is a next-generation telecommunications group. Glocalnet is operating one of the largest dedicated pan-European Voice-over-IP networks. Using this platform, it produces a variety of services - ranging from pure wholesale to full-fledged "telco in a box" solutions - that are marketed to service providers. These affiliated service providers include Stockholm Telecom and Glocalnet Greece. Glocalnet's headquarters are located in Stockholm, Sweden. The Company's stock is listed on the Reuters page of Aragon, a Swedish investment bank. For further information please contact: Stefan Krook Chief Executive Officer Tomas Crutze Chief Financial Officer Glocalnet AB Hälsingegatan 40 113 43 Stockholm Tel: 08 - 566 34 100 Fax: 08 - 566 34 141 E-mail: info@glocalnet.com Hemsida: www.glocalnet.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/04/14/19990414BIT00180/bit0001.doc http://www.bit.se/bitonline/1999/04/14/19990414BIT00180/bit0002.pdf