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Company : Business Wire 
Wednesday, September 8, 2004 1:46PM IST (8:16AM GMT)
 
(BW)(CA-INFONET-SERVICES-CORP)(IN)
Tesco Signs Multi-Year Deal with Infonet for Global MPLS IP VPN Service
Leading U.K. Retailer Uses Infonet IP VPN Secure to Support Expansion into Developing Markets
 
Calif, El Segundo, United States

Infonet Services Corporation (NYSE:IN), a leading provider of global communications services for multinationals, Tuesday announced the signing of a contract to provide and manage an MPLS-enabled IP VPN Secure communications network for Tesco, the United Kingdom's leading retailer.

Tesco operates 2,291 stores around the world and employs roughly 296,000 people. Under the terms of the agreement, Infonet is rolling out an IP MPLS network in support of seven main Tesco offices in the U.K., India, the Czech Republic, Thailand, Hong Kong, and Korea. In addition, more than 2,000 of Tesco's mobile employees will be using Infonet's mobility services for secure, ubiquitous remote network access.

In choosing Infonet as its global communications provider, Tesco pointed to Infonet's ability to deliver advanced IP services and provide dedicated in-country support in developing countries where Tesco is currently expanding, including India and the Czech Republic.

"Our challenge moving forward is to ensure we have a resilient IT infrastructure in place to meet the ongoing demands of our expanding business," said Joe Galloway, director of IT services, Tesco. "It is essential that we work with a partner that can help us support our future business strategy. Infonet supported this need by creating a future-proof communications solution that is complementing Tesco's expansion into new markets around the world. Infonet's dedication and expertise at both a regional and global level demonstrated their commitment to our success, and we look forward to working with them in the coming years."

"Our ability to offer dedicated in-country support in developing markets means that we can bring corporations like Tesco managed networking solutions that are adapted to meet both their global and local business needs," said Stuart Lacey, managing director of Infonet UK. "We are delighted to be developing our relationship with Tesco, and see this contract as a true endorsement of the world-class solutions we bring to our clients."

About Tesco

Tesco operates 2,291 stores around the world and employs 296,000 people. Tesco has grown from a domestic retailer to an International Group, through an organic growth program. This year, all four parts of the Tesco strategy, the core U.K. business, non-food, retailing services, and international, have increased in profitability.

About Infonet

Infonet Services Corporation, known for its quality of service, is a leading provider of managed network communications services for nearly 3,000 multinational entities.

Employing a unique consultative approach, Infonet offers integrated solutions optimizing the complex relationship between enterprise applications and the global network. Extensive project management capabilities are the foundation for the services and solution offerings (broadband, Internet, intranet, multimedia, videoconferencing, wireless/remote access, local provisioning, application and consulting services), positioning Infonet as a single-source partner for multinational entities. In particular, Infonet IP VPN solutions offer multinationals a unique combination of Private and Public IP services as well as a full set of Managed Security and Mobility Services.

Rated "Best in Class" overall in Telemark's survey of Global Managed Data Network Services, Infonet has also won "Best Customer Care" and "Best Carrier" at the World Communication Awards. Founded in 1970, Infonet owns and operates The World Network(R), accessible from more than 180 countries, and provides local service support in over 70 countries and territories.

Infonet's stock is traded on the New York Stock Exchange under the symbol "IN." Additional information about the company is available at www.infonet.com.

Safe Harbor Statement: Infonet may have made forward-looking statements in this release. These statements, if any, are based on information available to the company as of the date of this release and Infonet undertakes no duty to update the information to take account of later events. The accuracy of our forward-looking statements will also be affected by the strength of the market for Infonet products and services, competition, the timely transitioning of new business opportunities to Infonet's network, and the effect of currency fluctuation. Investors should bear these risk factors in mind as well as those elaborated on in Infonet's 10-K, 10-Qs, and other recent filings made with the U.S. Securities and Exchange Commission.

These documents are available through the investor relations portion of Infonet's web site at www.infonet.com.




 
 
 
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