AT&T Latin America Selected by the Brazilian Federation of Banking Associations for Major National Finance System Project

The System Will Interconnect More Than 190 Financial Institutions, Banks,

Clearinghouses, Credit Card Managers and Other Financial Entities;

Project's Estimated Revenue Potential Is $6 Million Over the Next Three Years



Apr 25, 2001, 01:00 ET from AT&T Latin America

    SAO PAULO, Brazil, April 25 /PRNewswire Interactive News Release/ --
 AT&T Latin America Corp. (Nasdaq:   ATTL), a facilities-based provider of
 integrated high-bandwidth business communications services and solutions with
 operations in five Latin American countries, was selected by Febraban
 (Brazilian Federation of Banking Associations) to supply data communication
 services to the RSFN -- Rede do Sistema Financeiro Nacional (National Finance
 System Network).  RSFN is a planned national network over which all
 transactions among the country's banks and transactions between the individual
 banks and the Central Bank will be conducted.  The system will connect more
 than 190 financial institutions, banks, clearinghouses, credit card managers
 and other financial entities.
     The RSFN's goal is to make inter-bank operations smoother, more
 transparent, and more cost-effective.  "This is a very large national project
 that underscores our ability to manage large, complex undertakings on a
 national basis, our capacity to provide customized solutions across multiple
 locations, and our expertise in serving the banking industry, since many of
 the institutions that will be part of the network are already our customers,"
 said Marco Northland, corporate vice president of Business Services.  "We are
 honored to take part in a project that will contribute to the innovation of
 Brazil's financial system."
     Of the companies participating in Febraban's pre-selection process, AT&T
 Latin America's Brazilian subsidiary is one of only two companies awarded the
 contract.  Since the RSFN will operate in real-time, requiring high levels of
 network performance, security, availability and contingencies, one of the
 defining factors in selecting the winning bids was network quality.  AT&T
 Latin America's fiber optic network offers security against tapping and
 provides traffic re-routing with the redundancy achieved through ring
 topology, eliminating the need for back-up links to guarantee network
 availability.  "We met all of their requirements: Our network already operates
 on IP/ATM technology with full redundancy and superior levels of security, and
 our fiber optic network already reaches most of the points on the RSFN system
 which are to be interconnected," stated Carlos Andre, general manager of AT&T
 Latin America in Brazil.
     Financial institutions connected to the system may only contract data
 communications services from the two companies selected as "preferred
 vendors," including AT&T Latin America.  Since prices are set and controlled
 by the Central Bank, final vendor selection will be dictated by factors such
 as technology and quality of service.
     In addition to supplying network services, AT&T Latin America is setting
 up an interdisciplinary team to support the project.  "We will have
 professionals from the areas of sales, customer service, customer care and
 engineering dedicated to this project in order to create customized solutions
 that meet the needs of member banks," said Vanderlei Rigateri, vice president
 of Sales for AT&T Latin America in Brazil.
     AT&T Latin America will configure this solution in order to enable
 connections to both SDH and ATM networks -- providing routers and ATM, SDH and
 PDH switches, among others.  Additionally, AT&T Latin America's network will
 use approximately 200 routers specially configured for financial institutions,
 clearinghouses and for the Central Bank's sites to meet each company's access
 demands.  The contract, which is slated to begin in August, is expected to
 generate approximately six million dollars in revenue over the next three
 years.
     Although, the Central Bank will be responsible for information management,
 AT&T Latin America will monitor network performance twenty-four hours a day,
 seven days a week, enabling the Central Bank to access the Web for network
 performance information.
 
     About AT&T Latin America
     AT&T Latin America (Nasdaq:   ATTL) is a U.S.-based, autonomous facilities-
 based provider of integrated high-bandwidth business communications services
 and solutions with operations in Argentina, Brazil, Chile, Colombia and Peru.
 As of year-end 2000, AT&T Latin America's high-speed fiber network reached
 over 5,200 total route kilometers or approximately 131,000 fiber kilometers,
 covering 12 major metropolitan areas The company offers broadband
 communications services, including data, Internet, voice, video-conferencing
 and electronic commerce services.  AT&T Latin America is the first Latin
 America-focused communications services provider to offer a national, pan-
 regional and international, IP/ATM single-architecture broadband network.  For
 more information, visit AT&T Latin America's Web site at www.attla.com.
 
     Safe Harbor Statement Under the Private Securities Litigation Reform Act
 of 1995: This press release includes "forward-looking statements" which are
 based on management's beliefs as well as on a number of assumptions concerning
 future events made by and information currently available to management.
 Readers are cautioned not to put undue reliance on these forward-looking
 statements, which are not a guarantee of performance.  The statements involve
 known and unknown risks and uncertainties, many of which are outside of AT&T
 Latin America's control, that may cause its actual results or outcomes to
 materially differ from such statements.  The risks and uncertainties include,
 but are not limited to, inaccurate forecasts of customer or market demand; the
 rate of expansion of AT&T Latin America's networks and customer base; changes
 in communications technology and/or the pricing of competitive products and
 services; highly competitive market conditions; access to financing on
 acceptable terms and conditions; loss of one or more important customers;
 acquisitions by AT&T Latin America and the ability to integrate successfully
 any acquired businesses or technologies into its operations; changes in or
 developments under laws, regulations and licensing requirements in the
 countries in which AT&T Latin America operates; its ability to obtain and
 retain rights of ways and permits necessary for the maintenance and expansion
 of its networks; volatility of its stock price; currency fluctuations; changes
 in economic and political conditions in the countries in which it operates;
 and other risks and uncertainties described in the company's filings with the
 Securities and Exchange Commission which readers are urged to read carefully
 in assessing the forward-looking statements contained in this press release.
 These statements are made as of the date of this press release, and AT&T Latin
 America undertakes no obligation to update or revise them, whether as a result
 of new information, future events or otherwise. This information is presented
 solely to provide additional information to further understand the results of
 the company.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X43661724
 
 

SOURCE AT&T Latin America
    SAO PAULO, Brazil, April 25 /PRNewswire Interactive News Release/ --
 AT&T Latin America Corp. (Nasdaq:   ATTL), a facilities-based provider of
 integrated high-bandwidth business communications services and solutions with
 operations in five Latin American countries, was selected by Febraban
 (Brazilian Federation of Banking Associations) to supply data communication
 services to the RSFN -- Rede do Sistema Financeiro Nacional (National Finance
 System Network).  RSFN is a planned national network over which all
 transactions among the country's banks and transactions between the individual
 banks and the Central Bank will be conducted.  The system will connect more
 than 190 financial institutions, banks, clearinghouses, credit card managers
 and other financial entities.
     The RSFN's goal is to make inter-bank operations smoother, more
 transparent, and more cost-effective.  "This is a very large national project
 that underscores our ability to manage large, complex undertakings on a
 national basis, our capacity to provide customized solutions across multiple
 locations, and our expertise in serving the banking industry, since many of
 the institutions that will be part of the network are already our customers,"
 said Marco Northland, corporate vice president of Business Services.  "We are
 honored to take part in a project that will contribute to the innovation of
 Brazil's financial system."
     Of the companies participating in Febraban's pre-selection process, AT&T
 Latin America's Brazilian subsidiary is one of only two companies awarded the
 contract.  Since the RSFN will operate in real-time, requiring high levels of
 network performance, security, availability and contingencies, one of the
 defining factors in selecting the winning bids was network quality.  AT&T
 Latin America's fiber optic network offers security against tapping and
 provides traffic re-routing with the redundancy achieved through ring
 topology, eliminating the need for back-up links to guarantee network
 availability.  "We met all of their requirements: Our network already operates
 on IP/ATM technology with full redundancy and superior levels of security, and
 our fiber optic network already reaches most of the points on the RSFN system
 which are to be interconnected," stated Carlos Andre, general manager of AT&T
 Latin America in Brazil.
     Financial institutions connected to the system may only contract data
 communications services from the two companies selected as "preferred
 vendors," including AT&T Latin America.  Since prices are set and controlled
 by the Central Bank, final vendor selection will be dictated by factors such
 as technology and quality of service.
     In addition to supplying network services, AT&T Latin America is setting
 up an interdisciplinary team to support the project.  "We will have
 professionals from the areas of sales, customer service, customer care and
 engineering dedicated to this project in order to create customized solutions
 that meet the needs of member banks," said Vanderlei Rigateri, vice president
 of Sales for AT&T Latin America in Brazil.
     AT&T Latin America will configure this solution in order to enable
 connections to both SDH and ATM networks -- providing routers and ATM, SDH and
 PDH switches, among others.  Additionally, AT&T Latin America's network will
 use approximately 200 routers specially configured for financial institutions,
 clearinghouses and for the Central Bank's sites to meet each company's access
 demands.  The contract, which is slated to begin in August, is expected to
 generate approximately six million dollars in revenue over the next three
 years.
     Although, the Central Bank will be responsible for information management,
 AT&T Latin America will monitor network performance twenty-four hours a day,
 seven days a week, enabling the Central Bank to access the Web for network
 performance information.
 
     About AT&T Latin America
     AT&T Latin America (Nasdaq:   ATTL) is a U.S.-based, autonomous facilities-
 based provider of integrated high-bandwidth business communications services
 and solutions with operations in Argentina, Brazil, Chile, Colombia and Peru.
 As of year-end 2000, AT&T Latin America's high-speed fiber network reached
 over 5,200 total route kilometers or approximately 131,000 fiber kilometers,
 covering 12 major metropolitan areas The company offers broadband
 communications services, including data, Internet, voice, video-conferencing
 and electronic commerce services.  AT&T Latin America is the first Latin
 America-focused communications services provider to offer a national, pan-
 regional and international, IP/ATM single-architecture broadband network.  For
 more information, visit AT&T Latin America's Web site at www.attla.com.
 
     Safe Harbor Statement Under the Private Securities Litigation Reform Act
 of 1995: This press release includes "forward-looking statements" which are
 based on management's beliefs as well as on a number of assumptions concerning
 future events made by and information currently available to management.
 Readers are cautioned not to put undue reliance on these forward-looking
 statements, which are not a guarantee of performance.  The statements involve
 known and unknown risks and uncertainties, many of which are outside of AT&T
 Latin America's control, that may cause its actual results or outcomes to
 materially differ from such statements.  The risks and uncertainties include,
 but are not limited to, inaccurate forecasts of customer or market demand; the
 rate of expansion of AT&T Latin America's networks and customer base; changes
 in communications technology and/or the pricing of competitive products and
 services; highly competitive market conditions; access to financing on
 acceptable terms and conditions; loss of one or more important customers;
 acquisitions by AT&T Latin America and the ability to integrate successfully
 any acquired businesses or technologies into its operations; changes in or
 developments under laws, regulations and licensing requirements in the
 countries in which AT&T Latin America operates; its ability to obtain and
 retain rights of ways and permits necessary for the maintenance and expansion
 of its networks; volatility of its stock price; currency fluctuations; changes
 in economic and political conditions in the countries in which it operates;
 and other risks and uncertainties described in the company's filings with the
 Securities and Exchange Commission which readers are urged to read carefully
 in assessing the forward-looking statements contained in this press release.
 These statements are made as of the date of this press release, and AT&T Latin
 America undertakes no obligation to update or revise them, whether as a result
 of new information, future events or otherwise. This information is presented
 solely to provide additional information to further understand the results of
 the company.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X43661724
 
 SOURCE  AT&T Latin America