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Teleglobe's VoIPLink Service Selected by Skype for International Long Distance

-- Direct Voice over IP (VoIP) connection to Teleglobe enables Skype to quickly and reliably provide cost-effective, high quality international calling to fixed line and mobile phones for their users

Football Betting Spread -- Teleglobe to support Skype's first commercial service, SkypeOut

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Commodity Spread Trading HAMILTON, BERMUDA--(BUSINESS WIRE)--July 23, 2004--Teleglobe International Holdings Ltd (NASDAQ:TLGB), a leading provider in international wholesale telecommunications services, today announced that Skype, the global Internet telephony company, has connected to Teleglobe's global VoIPLink(TM) Service for global call termination. Under the agreement, Skype will use Teleglobe VoIPLink to support Skype's first commercial service, SkypeOut, a soon-to-be-launched pre-pay feature that allows Skype users to call traditional phones worldwide from their Skype application.
Teleglobe owns and operates one of the world's most extensive global telecommunications networks, providing reach to over 240 countries and territories with advanced voice, data and mobile signaling capabilities. It is a market leader in international VoIP traffic exchange and transport amongst fixed, mobile, and broadband voice service providers. Skype allows people everywhere to make free, unlimited, superior quality Internet voice calls via its innovative peer-to-peer software.

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Nfl Betting Spread Teleglobe's VoIPLink service enables direct voice over IP transport between Skype's P2P network and Teleglobe's global inter-carrier network, enabling Skype to reduce the capital and operating costs required to complete international calls and to immediately scale capacity and destinations as customer demand requires.

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Advanced Commodity Spread "The direct VoIPLink connection to Teleglobe enables us to scale our global termination capacity and access new markets and carriers without the complexity, hardware and capital costs of converting to PSTN at the edge of our network," said Niklas Zennstrom, Skype's CEO and co-founder. "With Teleglobe, we're assured that SkypeOut calls will remain on the Internet as far as possible before they are delivered to the PSTN and the fixed or wireless called party."

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Betting Exchange Spread "We are excited to work with Skype. Their pioneering leadership in Internet Telephony services absolutely complements Teleglobe's VoIP-enabled wholesale service offerings and global network," said Liam Strong, CEO of Teleglobe International Holdings Ltd.

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Stock Spread Trading Replacing the difficult custom-engineered VoIP connections of the past, Teleglobe's VoIPLink Service makes it much easier to interconnect over IP with a broader range of networks, providing carrier-class network interfaces for voice over IP with faster deployment. Direct VoIP connections are more cost-efficient and scalable than traditional TDM connections.

Online Spread Betting About Teleglobe:

Complete Guide Spread Trading Teleglobe is a leading provider of international voice, data, Internet and mobile roaming services with over 50 years of industry expertise in international telecommunications. Teleglobe became a public company trading on the NASDAQ under the symbol TLGB with the acquisition of Voice over IP (VoIP) network leader ITXC Corp. in May 2004.

Betting Horse Racing Spread Teleglobe owns and operates one of the world's most extensive telecommunications networks, reaching over 240 countries and territories with voice and advanced data services. Teleglobe is the carrier of choice to more than 1, 200 wholesale customers, representing the world's leading telecommunications, mobile operators and Internet service providers.

Low Spread Forex Trading Carrying over 11 billion minutes per year, and a significant portion of the world's Internet traffic, Teleglobe's network is consistently ranked among the most robust and reliable, performing at the high end of industry standards. Detailed information about Teleglobe is available on the company's web site at www.teleglobe.com.

Sport Spread Betting Forward-looking statements

Trading Spread And Seasonals Teleglobe has included in this press release forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including all statements concerning future or expected events or results.

Arbitrage Spread Trading Actual results could differ materially from those projected in the companies' forward-looking statements due to numerous known and unknown risks and uncertainties, including, among other things, the risks and uncertainties described in "Risk Factors" in the Registration Statement on Form S-4 filed by Teleglobe and in the Form 10-K and Form 10-Q filed by ITXC Corp.

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Betting Spread Successful Contacts

College Football Betting
Teleglobe
Megan Cannell, 609-750-3262
megan.cannell@teleglobe.com

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