This enables
a host of flexible, innovative services to help customers,
particularly enterprises , cut overhead, streamline operations and
provide unparalleled connectivity. "It also offers a number of data
and other value-added services, making it a comprehensive solution for
all of our customers ' connectivity needs."
Mr. Demyati added, "STC with its self-healing national backhaul
network and border-crossing terrestrial fiber optics links that extend
to all the neighboring countries, represents the most resilient,
reliable and cost effective connectivity in the region for both
carriers and ISPs.8 million fixed lines and over 9
million mobile subscribers, STC is the largest telecommunication
companies in the Middle East region and is currently the sole provider
of telecommunication services in the Kingdom of Saudi Arabia. Three International Switching
Centers in Riyadh, Jeddah and Dammam provide direct connectivity to
more than 230 carriers worldwide.teleglobe.S. US $150 for
private sector participants from regional countries, US $250
for G-8 and other non-regional government participants, US $450
for all other participants.)

REGISTER: You may register on line at http://www. For further information, email:
bmena@mfmgroup. exports, primarily to
emerging markets throughout the world, by providing loan guarantees, export
credit insurance and direct loans.gov.

y regional

Teleglobe and Saudi Telecom Sign Agreement to Create Service and Market New Middle Eastern IP Exchange; Exchange to Provide High Quality Internet Access and V

Business Editors/High-Tech Writers

HAMILTON, Bermuda----Teleglobe
International Holdings Ltd (NASDAQ:TLGB) today announced that
Teleglobe and Saudi Telecom Company (STC) have established the Middle
East IP Exchange (ME-IEX) in Saudi Arabia to serve Middle Eastern and
Arabian Gulf ISPs and carriers.
The exchange combines STC's established regional and international
infrastructure with the global reach of Teleglobe's Tier 1 IP network
and is backed by the support services of both companies.
"The Middle East IP Exchange offers our customers secure access,
faster connections , direct regional connectivity to each other, and
worldwide connectivity," said Mr. Sa'ad Demyati , STCs Vice President
for the International Telecom Sector. In addition, our ME-IEX will play a significant
role in continuing to promote the collective cooperation within the
GCC community and the region via their integration with the global
broadband networks.
The company's Headquarters are located at King Abdulaziz Telecom
Complex in Riyadh and its 21,000 employees operate from 13 major
regional offices and numerous customer service locations throughout
the Kingdom. 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.com

Broader Middle East and North Africa Major Regional Trade and Investment Finance Conference to Be Held in Amman Jordan May 17-19 2005

The conference will bring together senior government,
business and financial leaders of the G-8 and countries and territories from
the Broader Middle East and North Africa to address key trade , investment, and
finance issues facing the region. Department of State, and the U.com.

middle yemen

The new ME -IEX currently carries
traffic for six customers from Qatar, Bahrain, Kuwait and Yemen and
supports peering arrangements between ISPs. The exchange is the first
true IP exchange node in this region with diversified international
connectivity. The ME-IEX ensures high
availability for customers ' services via a number of fail-safe and
redundant mechanisms that guarantee stable, reliable connectivity . The Middle East
Internet Exchange (ME-IEX) supports the region's rapidly growing needs
for direct exchange of regional traffic and also provides efficient,
high quality transit for international traffic," said Michel Guyot,
Vice President of International Markets at Teleglobe.
With a network of approximately 3. Global access is provided by STC via a terrestrial fiber
network that covers almost all the Kingdom of Saudi Arabia and extends
to connect to all neighboring countries; via its active participation
and ownership in number of Submarine Cable Systems to more than 50
countries worldwide; and via satellite.sa

About Teleglobe:

Teleglobe International Holdings Ltd is a leading provider of
international voice, data, Internet and mobile roaming services with
over 50 years of industry expertise in international
telecommunications. Registration Opens for Conference Involving Senior G-8
Officials and Government, Financial and Business Leaders
From the Broader Middle East and North Africa

WASHINGTON, The Broader Middle East and North
Africa Trade and Investment Finance Conference will be held May 17-19, 2005 ,
in Amman, Jordan.
The U.
Trade and Development Agency are sponsoring the event.

EVENT: Broader Middle East and North Africa Trade and Investment
Finance Conference .

middle east

The ME-IEX supports direct regional traffic interchange amongst
its local customers and provides them with reliable, high performance
international traffic exchange via Teleglobe's network for direct
connections to leading American and European carriers and ISPs and
direct and transit connections to ISPs and carriers across Asia,
Australia, Africa, and Latin America. "This deepened
relationship with STC builds upon Teleglobe's Canadian heritage and
our long tradition in providing advanced international
telecommunications services to carriers and ISPs across the Middle
East. Detailed information about STC is
available on the company's web site at www.com. 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. on June 1, 2004. Participants will examine means to increase
local and regional trade flows and economic development.S. Trade liberalization and increased
economic integration will generate growth, create opportunity and promote
security throughout the Middle East," said Deputy Secretary of State Robert B.
Zoellick. The conference furthers this goal by building upon commitments made
by G-8 and regional leaders to a Partnership for Progress and a Common Future
at the June 2004 Sea Island G-8 Summit, and the December 2004 Forum for the
Future meetings held in Morocco.
"This conference provides a unique opportunity for governments, companies
and financial institutions of the region to interact with major G-8 sources of
public and private finance and multinational companies," said Ex-Im Bank
Chairman Philip Merrill. "It will also provide these G-8 institutions with
information about the types of financing most needed to accelerate the pace of
local and regional trade and investment. Participating
countries and territories are expected to include Afghanistan , Algeria,
Bahrain, Egypt, Iraq, Israel, Jordan, Kuwait, Lebanon, Morocco, Oman,
Pakistan, Palestinian Territories (West Bank and Gaza), Qatar, Saudi Arabia,
Tunisia, Turkey, United Arab Emirates, and Yemen. (Includes materials and meals.S. In fiscal year 2004, Ex-Im Bank authorized
financing to support $17.8 billion of U.S. For more
information, visit http://www.exim.

middle east

"

About Saudi Telecom Company:

Saudi Telecom Company (STC) was established on 2 May 1998 to take
over the telecommunications operations of the Kingdom of Saudi Arabia,
previously managed by the Ministry of Post, Telephone and Telegraph
(MOPTT).
STC is currently the sole provider for International Internet
Connectivity to all local ISPs, and is also one of the Kingdom's
leading Internet Service Providers with 1 million subscribers. STC is 30% publicly owned with the remaining 70% owned by
the Government.
STC has invested heavily in a technologically advanced digital
network.
Teleglobe owns and operates one of the world's most extensive
telecommunications networks, reaching over 240 countries and
territories with advanced voice, mobile, and data services. Detailed information
about Teleglobe is available on the company's web site at
www. The conference will
complement World Economic Forum meetings being held in Jordan on May 20-22,
2005. Government and the Government of Jordan will host this major
regional conference in cooperation with other G-8 export credit agencies.S.
"The President 's vision is clear."
The conference program will focus on a broad range of trade-related
investment and finance programs and services, as well as sectors including
agriculture, telecommunications, oil and gas and water.

WHERE: Le Royal Hotel, Amman, Jordan.

COST: There is no registration fee for government participants from
the Broader Middle East and North Africa region.com, or
call Kevin Craemer at 1(866) 636-4729 (Toll Free in the U. +
Canada), or +1(305) 667-4705.

Ex-Im Bank, the official export credit agency of the United States, is in
its 71st year of helping finance the sale of U. exports worldwide .

top regional

Teleglobe's global network
expertise combines with STC's regional leadership to provide
exceptional network performance."
"As the Internet grows, it becomes more local.stc.
With an annual run-rate of over 13 billion minutes, 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.S. The
Export-Import Bank of the United States (Ex-Im Bank), the U. Overseas
Private Investment Corporation, the U.

WHEN: May 18-19, opening reception on evening of May 17.trademeetings.S.

east regional

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