Infonet Launches Wholly Owned Subsidiary in Hong Kong

Infonet Launches Wholly Owned Subsidiary in Hong Kong

    Business Editors

    EL SEGUNDO, Calif.--(BUSINESS WIRE)--Feb. 1, 2005--

Infonet Services (Hong Kong) Ltd. Strengthens Commitment to Service and Support for Multinationals with Operations in Hong Kong
    Infonet Services Corporation (NYSE:IN), a leading provider of global communications solutions for multinationals, today announced the opening of a new, wholly owned subsidiary in Hong Kong, Infonet Services (Hong Kong) Ltd.
    Infonet has been providing global communications services in Hong Kong since 1980 through its partner PCCW (previously known as HKT). With the opening of Infonet Services (Hong Kong) Ltd., PCCW will continue to act as a reseller of Infonet services to local enterprises based in Hong Kong.
    Infonet Services (Hong Kong) Ltd. will further strengthen Infonet's commitment to delivering award-winning managed communications service and support to foreign-based multinationals with operations in Hong Kong.
    An important and growing market, research firm IDC expects Hong Kong's network services revenues to be close to USD$2 billion annually over the next four years.(a)
    With more than 25 years of experience in Hong Kong, Infonet, through its wholly owned subsidiary, is well positioned to service a significant share of this business. Using The World Network, Infonet is able to offer an industry-leading portfolio of advanced managed network services (including broadband, Internet, intranet, voice, videoconferencing, mobility and security services) both in Hong Kong and more than 180 countries around the world.
    When combined with Infonet's expertise in Hong Kong in the areas of telecom operations, regulatory and market conditions, Infonet Services (Hong Kong) Ltd. is able to offer seamless global communications service and support for multinationals doing business in this key market.
    "Hong Kong is a leading business center for multinationals operating in Asia-Pacific, and is one of the most advanced telecom markets in the world," said Jose A. Collazo, Chairman, President and Chief Executive Officer of Infonet. "Our focus has always been on providing exemplary client support for all of our services. By leveraging our 25 years of experience in this market to create Infonet Services (Hong Kong) Ltd., we are able to offer award-winning managed network services in Hong Kong with the highest level of support in the industry."
    "Our clients require sophisticated, integrated communications solutions that span multiple countries, have guaranteed availability, and are complemented by local service and support," said George Tsui, Infonet Regional Director, Hong Kong, Taiwan and Thailand. "Infonet's ability to offer global services in Hong Kong with consolidated management, billing and local language support is a distinct differentiator -- one that we're confident will be appreciated by this sophisticated market."

    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 and Managed IP Services, Infonet also has won "Best Customer Care", "Best Managed Service", "Best Regional Carrier" 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 more than 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.

    (a) IDC Asia/Pacific (Excluding Japan) Telecom Network Services Market Forecast and Analysis, 2003-2008, Doc #AP201213L Table 19: Hong Kong Telecom Network Services Forecast, 2002-2008

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CONTACT: Infonet Services Corporation Corporate Marketing: Alex Rassey, +1-310-335-1144 Email: alex_rassey@infonet.com or Industry Analysts: Stacie Hime, +1-310-335-2875 Email: stacie_hime@infonet.com or Public Relations (Ruder Finn) Media: Alicia Dollard, +1-212-593-6343 dollarda@ruderfinn.com

KEYWORD: CALIFORNIA HONG KONG CHINA INTERNATIONAL ASIA PACIFIC TRACK Technology_IT INDUSTRY KEYWORD: TELECOMMUNICATIONS INTERNET E-COMMERCE HARDWARE SOFTWARE PRODUCT SOURCE: Infonet Services Corporation

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