[August 29, 2003]

ITXC And Cantv Agree To Exchange Voice Traffic Over ITXC.net

ITXC Corp. and Compañía Anónima Nacional Teléfonos De Venezuela (Cantv), Venezuela's incumbent fixed and mobile national phone services operator, announced that the companies have signed an agreement for bilateral exchange of international voice traffic to and from Venezuela over ITXC.net, ITXC's global VoIP network.

Cantv is a full-service telecommunications provider, offering local, domestic and international long distance service, data services and value-added services based on telecommunications throughout Venezuela. Cantv is able to secure, regain and even grow market share when they adopt ITXC's cost-efficient global offerings. Interconnection with Cantv brings to ITXC's customers the benefits of the full Venezuelan national footprint of the former incumbent carrier. Cantv brings the benefits of high quality call termination and a competitive cost base.

"ITXC's brings us an opportunity to expand and enhance our international service. As the leading provider of voice and data services in Venezuela, we wanted to work with a global provider like ITXC's that would support our high quality of service for our customers while expanding our global communications footprint," said Alfonso Olombrada, interconnection manager of Cantv.

"We are pleased that an international operator with such an established market presence as Cantv has recognized the advantage of our global network to aggressively compete in Venezuela's highly competitive market," said Peter Kendall, ITXC vice president of sales for the Americas. "Through a single connection, Cantv can send and receive calls across ITXC.net to and from every location in the world. They benefit from a new revenue source while lowering costs enabling them to focus their efforts on continuing to win market share in Venezuela."

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