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MCI WorldCom First U.S. Carrier to be Awarded FBO Licence in Singapore
Singapore (ots-PRNewswire) - MCI WorldCom (Nasdaq: WCOM), a leading global telecommunications company, has been granted a Facilities Based Operator (FBO) Licence by the Infocomm Development Authority (IDA) of Singapore. MCI WorldCom is the first U.S. carrier to receive an FBO licence in Singapore. The licence allows the company to now lay its own fibre optic telecommunications network in Singapore, thereby fulfilling the company's visionary approach and strategy of providing its customers with its wholly-owned end-to-end managed communications solutions.
The announcement signals MCI WorldCom's further penetration into the Singapore telecommunications market after the recent announcement made by the IDA to bring forward the introduction of full market competition in the Singapore telecommunications sector to 1st April 2000.
Bill Barney, President, MCI WorldCom Asia Pacific said, "Since the opening of our state-of-the-art Operations Centre in March 1998, the granting of this FBO licence is the most significant step in the roll out of MCI WorldCom's substantial investment in telecommunications infrastructure and services for our business customers."
MCI WorldCom currently operates as a resale licensee in Singapore and provides a range of international data services by leased lines. Under an FBO licence, the company is now able to build its own fibre network infrastructure supporting the full range of high-speed metropolitan and international voice and data services. In line with its international strategy, MCI WorldCom will focus its facilities-based activities on Singapore's central business areas.
"I applaud the Government and the IDA for their bold and pro-competitive approach aimed at enhancing Singapore's attractiveness as a regional infocommunications hub. We see the government's plan to liberalise the Singapore market as a positive and significant step in growing the telecommunications industry in Asia Pacific. MCI WorldCom looks forward to working with the government in Singapore to offer and expand our services to our business customers here," said Bill Barney.
The US$152 billion Asia-Pacific telecommunications market is of key strategic importance to MCI WorldCom. The company currently has a presence in 12 countries in Asia. With this facilities licence, Singapore now joins MCI WorldCom's expanding networks in Australia, Japan and Hong Kong where the company is building its own network facilities. The company also recently opened operating companies in South Korea and Taiwan.
"By building our own networks, MCI WorldCom eliminates dependence on other carriers and provides a single point of contact and seamless communications services at lower costs to customers," said Bill Barney.
Earlier in March 2000, MCI WorldCom was also granted a Service Based Operator (SBO) Licence by the IDA which allows the company to provide services such as International Simple Resale (ISR), Resale of Leased Circuit, Virtual Private Network and Managed Data Network in Singapore. This licence will now be folded into the broader facilities-based licence.
MCI WorldCom already has a list of MNC customers in various vertical markets in Singapore. With this licence, MCI WorldCom will be allowed to provide its full range of innovative data, Internet and voice services to these global customers who have come to expect the kind of end-to-end network solutions provided by MCI WorldCom. MCI WorldCom (Nasdaq: WCOM) is a global leader in "all-distance" communications services with operations in more than 65 countries. Revenues in 1999 were US$37 billion, with more than US$15 billion from high-growth data, Internet and international services. MCI WorldCom and Sprint have announced a merger agreement, which the companies expect to close in the second half of 2000 after regulatory and shareholder approvals. For more information go to http://www.wcom.com.
ots Original Text Service: MCI WorldCom Internet: http://www.newsaktuell.de
Contact: Angela Baker of MCI WorldCom International PR, (UK) +44-207-675-2870, or firstname.lastname@example.org, or MCI WorldCom Corporate News Bureau, (USA) 202-887-3000
Web site: http://www.wcom.comOriginal-Content von: MCI, übermittelt durch news aktuell