15.05.2008 16:17:00
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Tata Communications and Premiere Global Services Sign License Agreement to Launch New Services in India
Premiere Global Services, Inc. (NYSE: PGI), a global provider of
on-demand, communication technologies-based business process improvement
solutions, announced today it is partnering with Tata Communications
Ltd, (NYSE: TCL), a leading global provider of the new world of
communications, to jointly market business solutions supported by the
Premiere Global Communications Operating System (PGiCOS). As part of the
agreement, Premiere Global has installed and deployed its PGiCOS
communications technology in India with Tata Communications providing
network infrastructure, service and sales channels to the Indian market.
Together, Tata Communications and Premiere Global are providing
full-featured, international PGiCOS conferencing and collaboration
applications – including audio and Web
conferencing – to their global customers.
Premiere Global customers doing business in India can leverage Tata
Communications’ extensive global network with
local access capabilities. Tata Communications can offer its customers
and prospects a unique, India-based conferencing and collaboration
solution with high-quality service and support. Wainhouse Research
reports that India’s conferencing market is
growing at a rate of approximately 40 percent annually due to the country’s
burgeoning economy.
"We are excited to partner with Tata
Communications to offer the Premiere Global Communications Operating
System to its customers. Together we can provide reliable and
easy-to-access collaboration solutions for business users throughout
India,” said Boland T. Jones, Founder,
Chairman and CEO, Premiere Global Services, Inc. "India
represents a vibrant and growing market for all of our communication
technologies–based applications to improve
business processes. This collaboration solution is to be the first of
many and we fully intend to deploy more PGiCOS solutions to our
customers throughout India as demand grows for these applied
communication technologies.” "Tata Communications and Premiere Global
Services have partnered to offer this service to meet the growing
demands of both of our customers globally,”
said John Landau, Senior Vice President, Global Managed Services, Tata
Communications. "This services the rapidly
increasing demand for audio and Web conferencing solutions by
economically integrating India into global networks.” About Premiere Global Services, Inc.
Premiere Global Services, Inc. is a global provider of on-demand
business process improvement solutions. Our Premiere Global
Communications Operating System offers business applications within the
following solution sets: Conferencing & Collaboration, Desktop Document
Solutions, Enterprise Document Solutions, Notifications & Reminders, and
eMarketing.
Headquartered in Atlanta, Georgia, and with presence in 23 countries
worldwide, Premiere Global delivers solutions to an established customer
base of over 50,000 companies, including nearly 95% of the Fortune 500.
Additional information can be found at PremiereGlobal.com.
About Tata Communications
Tata Communications Limited along with its global subsidiaries (Tata
Communications) is a leading global provider of the new world of
communications. The company leverages its Tata Global Network, vertical
intelligence and leadership in emerging markets, to deliver
value-driven, globally managed solutions to the Fortune 1000 and
mid-sized enterprises, service providers and consumers.
The Tata Communications portfolio includes transmission, IP, converged
voice, mobility, managed network connectivity, hosted data center,
communications solutions and business transformation services to global
and Indian enterprises & service providers as well as broadband and
content services to Indian consumers. The Tata Global Network
encompasses one of the most advanced and largest submarine cable
networks, a Tier-1 IP network, connectivity to more than 200 countries
across 300 PoPs and more than one million square feet data center space.
Tata Communications serves its customers from its offices in 80 cities
in 40 countries worldwide. Tata Communications has a strategic
investment in South African operator Neotel, providing the company with
a strong anchor to build an African footprint.
The number one global international wholesale voice operator and number
one provider of International Long Distance, Enterprise Data and
Internet Services in India, the company was named "Best Wholesale
Carrier" at the World Communications Awards in 2006 and was named the
"Best Pan-Asian Wholesale Provider" at the 2007 Capacity Magazine Global
Wholesale Telecommunications Awards for the second consecutive year.
Becoming the leading integrated provider to drive and deliver a new
world of communications, Tata Communications became the unified global
brand for VSNL, VSNL International, Teleglobe, Tata Indicom Enterprise
Business Unit and CIPRIS on February 13, 2008.
Tata Communications Ltd. is a part of the $29 billion Tata Group; it is
listed on the Bombay Stock Exchange and the National Stock Exchange of
India and its ADRs are listed on the New York Stock Exchange (NYSE: TCL).
www.tatacommunications.com Forward-looking and cautionary statements
Statements made in this press release, other than those concerning
historical information, should be considered forward-looking and subject
to various risks and uncertainties. Such forward-looking statements are
made pursuant to the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995 and are made based on management's current
expectations or beliefs as well as assumptions made by, and information
currently available to, management. A variety of factors could cause
actual results to differ materially from those anticipated in Premiere
Global Services' forward-looking statements, including, but not limited
to, the following factors: competitive pressures, including pricing
pressures; technological change; the development of alternatives to our
services; market acceptance of our new services and enhancements;
integration of acquired companies; service interruptions; increased
financial leverage; our dependence on our subsidiaries for cash flow;
continued weakness in our legacy broadcast fax business; foreign
currency exchange rates; possible adverse results of pending or future
litigation or infringement claims; federal or state legislative or
regulatory changes, including government regulations applicable to
traditional telecommunications service providers; general domestic and
international economic, business or political conditions; and other
factors described from time to time in our press releases, reports and
other filings with the SEC, including but not limited to the "Risk
Factors" sections of our Annual Report on Form 10-K for the year ended
December 31, 2007 and our Quarterly Report on Form 10-Q for the quarter
ended March 31, 2008. All forward-looking statements attributable to us
or a person acting on our behalf are expressly qualified in their
entirety by this cautionary statement.
Certain words and statements in this release concerning Tata
Communications and its prospects, and other statements, including those
relating to Tata Communications’ expected
financial position, business strategy, the future development of Tata
Communications’ operations, and the general
economy in India, are forward-looking statements. Such statements
involve known and unknown risks, uncertainties and other factors,
including financial, regulatory and environmental, as well as those
relating to industry growth and trend projections, which may cause
actual results, performance or achievements of Tata Communications, or
industry results, to differ materially from those expressed or implied
by such forward-looking statements. The important factors that could
cause actual results, performance or achievements to differ materially
from such forward-looking statements include, among others, failure to
increase the volume of traffic on Tata Communications’
network; failure to develop new products and services that meet customer
demands and generate acceptable margins; failure to successfully
complete commercial testing of new technology and information systems to
support new products and services, including voice transmission
services; failure to stabilize or reduce the rate of price compression
on certain of the company’s communications
services; failure to integrate strategic acquisitions and changes in
government policies or regulations of India and, in particular, changes
relating to the administration of Tata Communications’
industry; and, in general, the economic, business and credit conditions
in India. Additional factors that could cause actual results,
performance or achievements to differ materially from such
forward-looking statements, many of which are not in Tata Communications’
control, include, but are not limited to, those risk factors discussed
in Tata Communications’ various filings with
the United States Securities and Exchange Commission. These filings are
available at www.sec.gov. Tata
Communications is under no obligation to, and expressly disclaims any
obligation to, update or alter its forward-looking statements.
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