Infonet to hold special stockholder meeting to vote on proposed merger

Business Wire via ITWeb,

El Segundo, California, 17 Jan 2005

Infonet Services Corporation today announced that it will hold a special meeting of stockholders on 23 February 2005, at 10am Pacific, at the Ritz-Carlton hotel, in Marina del Rey, California, to consider and vote on the proposed merger with British Telecommunications plc (BT), a wholly owned subsidiary of BT Group.

On 8 November 2004, Infonet entered into an agreement and plan of merger with BT, which, if approved, would entitle Infonet stockholders to receive $2.06 in cash for each share of Infonet common stock held.

Proxy materials relating to the agreement and plan of merger were filed with the Securities and Exchange Commission (SEC) on 13 January 2005, and are expected to be mailed to stockholders on or about 19 January 2005. Only stockholders of record at the close of business on 7 January 2005, the record date for the special meeting, may vote at the special meeting. The company continues to anticipate that the transaction, which is still subject to various regulatory approvals, will close during the first half of 2005.

Keyword: California Track Technology_IT
Industry Keyword: Telecommunications Networking Internet E-Commerce Mergers/ACQ

Infonet

Infonet Services Corporation, known for its quality of service, is a leading provider of managed network communications services for thousands of multinational entities. Employing a unique consultative approach, Infonet offers integrated solutions optimising 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, video conferencing, 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, 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.

Infonet Services310-335-2606morgan_molthrop@infonet.com