TLGB Teleglobe International Holdings Ltd. - Common Shares (MM)

CableTEL to provide its CableTel.Phone broadband subscribers with cost-effective, international call completion over Teleglobe's global voice network Teleglobe International Holdings Ltd (NASDAQ:TLGB) and CableTEL, Bulgaria's leading cable television operator, have established a VoIPLink (TM) connection for direct voice over IP (VoIP) international voice traffic exchange to and from Bulgaria over Teleglobe's global voice network, the world's largest international wholesale voice network. VoIPLink is the fastest, simplest and most cost-effective way to interconnect VOIP networks for traffic exchange. Through Teleglobe's VoIPLink connection, CableTEL will receive competitively-priced, high quality connections to every traditional and IP phone in the world. Direct traffic exchange with Teleglobe's network via VoIPLink will provide CableTEL significant savings in capital and operating expenses, while dramatically reducing the time and costs required to add capacity and new destinations. VoIPLink extends the advantages VoIP provides within carrier VoIP networks by adding the benefits of direct VoIP internetworking with Teleglobe's network. "As we continue to expand our CableTel.Phone service across Bulgaria, we are pleased to be able to connect to Teleglobe's network to complete calls reliably, cost effectively, and with high quality to any corner of the world," said Dimitar Radev, Director of Sales & Marketing at CableTEL. "Direct VoIP interconnection to Teleglobe allows us to scale our global termination capacity and access new markets and carriers without the time, complexity, hardware and capital costs of converting at the edge of our network to PSTN. Instead of these extra costs and extra conversions, Teleglobe carries our customers' traffic as native VoIP until Teleglobe presents it to the terminating fixed or wireless carrier at the far end. Teleglobe's network is the ideal global call completion network." "With the recent launch of its CableTel.Phone service, CableTEL is driving the latest broadband retail VoIP services into the Bulgarian telecom market," said Michel Guyot, Vice President of International Markets at Teleglobe. "We are very pleased that CableTEL has recognized the advantage of using Teleglobe's VoIPLink connection for their international long distance voice network needs. Teleglobe is able to offer CableTEL a scalable and economic solution uniquely enabling them to provide a wide range of high quality, low cost integrated voice services to their broadband subscribers while at the same time increasing their competitive ability in the Bulgarian voice market. Teleglobe in return receives high quality voice termination and competitive rates from CableTEL to Bulgaria." Teleglobe's hybrid TDM/VoIP network combines Teleglobe's extensive legacy voice network with the largest international wholesale VoIP network in the world. It reaches over 240 countries and exchanges over 13 billion minutes annually of traffic with hundreds of VoIP and traditional carriers around the globe. Teleglobe provides high quality over its network using its automated BestValue Routing(TM) engine which now manages routing seamlessly across the TDM and VoIP portions of the network with one dynamically adapted logical routing table for each level of service. CableTEL is the largest cable television operator in Bulgaria, with a hybrid optical-coaxial network covering more than 600,000 Bulgarian households and approximately 11.5% of the cable subscriber market in Bulgaria. Last November, CableTEL launched its telephone cable services, CableTel.Phone, which is provided over their network through broadband connectivity between the subscriber and CableTEL. About CableTEL: CableTEL is a leading cable services providers and alternative telecom operator in Bulgaria. The company offers cable television, broadband internet access services, as well as fixed lines telephony, to the residential customers in over 20 cities across the country, where it reaches potential market of over six hundred thousand homes. To the corporate market, CableTEL offers advanced voice, data and value added services across its own high capacity local access and national backbone network. About Teleglobe: Teleglobe International Holdings Ltd is a leading provider of international voice, data, Internet and mobile roaming services with over 50 years of industry expertise in international telecommunications. Teleglobe became a public company trading on the NASDAQ under the symbol TLGB with the acquisition of Voice over IP (VoIP) network leader ITXC Corp. on June 1, 2004. Teleglobe owns and operates one of the world's most extensive telecommunications networks, reaching over 240 countries and territories with advanced voice, mobile, and data services. Teleglobe is the carrier of choice to more than 1,400 wholesale customers representing the world's leading telecommunications, mobile operators and Internet service providers. With an annual run-rate of over 13 billion minutes, and a significant portion of the world's Internet traffic, Teleglobe's network is consistently ranked among the most robust and reliable, performing at the high end of industry standards. Detailed information about Teleglobe is available on the company's web site at www.teleglobe.com.