Tucows first quarter investment community conference call is Wednesday, May 7, 2008 at 5:00 p.m. (ET)

TORONTO, April 29 /PRNewswire-FirstCall/ -- Tucows Inc. (TSX: TC, AMEX: TCX) plans to report its first quarter fiscal 2008 financial results via news release on Wednesday, May 7, 2008 at approximately 4:00 p.m. (ET). Company management will host a conference call the same day at 5:00 p.m. (ET) to discuss the results and the outlook for the company.

Participants can access the conference call via the Internet at http://about.tucows.com/investors.

For those unable to participate in the conference call at the scheduled time, it will be archived for replay both by telephone and via the Internet beginning approximately one hour following completion of the call. To access the archived conference call by telephone, dial 416-640-1917 or 1-877-289-8525 and enter the pass code 21270559 followed by the pound key. The telephone replay will be available until Wednesday, May 14, 2008 at midnight. To access the archived conference call via the Internet, go to http://about.tucows.com/investors.

About Tucows

Tucows provides Internet services for hosting companies and ISPs. Through our global network of over 9,000 service providers we provide millions of email boxes and manage over eight million domains. Tucows is an accredited registrar with ICANN (the Internet Corporation for Assigned Names and Numbers). We hold a domain name portfolio of over 150,000 domain names that are available for sale, monetized through advertising and support our wholesale Personal Names Service. Our Retail division sells Tucows services to consumers and small business owners through Domain Direct and NetIdentity. Tucows.com remains one of the most popular software download sites on the Internet. For more information please visit: http://about.tucows.com/.

Tucows Inc.

CONTACT: Leona Hobbs, Director, Communications, (416) 538-5450,
ir@tucows.com

Raptor Networks Technology Names Senior Vice President New Business Development

SANTA ANA, Calif., April 29 /PRNewswire-FirstCall/ -- Raptor Networks Technology, Inc. (BULLETIN BOARD: RPTN) , provider of the world's first distributed network switching architectures, announced today the appointment of Fernando Flores as Senior Vice President New Business Development.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040429/RPTNLOGO)

Mr. Flores has more than 27 years experience in senior positions with General DataComm, Lucent and Ciena and in establishing new technology companies in the fiber optic and ATM markets. At Yurie, an ATM start-up, Mr. Flores developed, from inception, the Company's commercial markets, enabling it to be acquired for $1 billion in cash.

As an entrepreneur, Mr. Flores developed two successful VAR companies in the video surveillance-security and wireless/wired infrastructure sectors. He earned his MBA from the University of Hartford and his undergraduate degree from Central Connecticut State University.

"Fernando's significant background in software and communications engineering, his proven ability to establish new technology companies, and his successes working with leading data communications companies are all significant positives for Raptor Network Technologies," said Tom Wittenschlaeger, Raptor Networks Technology Chairman and CEO.

"We are building a team of proven professionals, successful in their fields, who, together, will enable Raptor to take the steps forward that its shareholders have anticipated," Mr. Wittenschlaeger said. "Our product is one-half the cost, five times more resilient, 1000 times faster with 1/5 the power consumption of traditional network architecture. Mr. Flores has a strong message to deliver to new customers."

About Raptor Networks Technology, Inc.

Raptor Networks Technology, Inc. has developed the world's first "distributed core" network switching architectures, all open-standards based, that benefit networks that provide newer latency-sensitive services such as video, VoIP, high speed server and storage clustering and the like. This patented Distributed Network Switching Technology enables new network build outs and performance upgrades of traditional chassis-based installations in a highly cost effective manner. Management believes that the unique advantage Raptor provides is speed over distance: data transport at wire speed, in hardware, between spatially separated network elements. Enhanced network reliability, lower power consumption and reduced form factor combine to enable significant savings in both acquisition costs as well as operating expense. Raptor's network switching products engender the feature set and versatility to run the most advanced new data applications.

For additional information please see http://www.raptor-networks.com/. Safe Harbor Statement

The statements in this release relating to future product availability, collaboration and partnership, and positive direction are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Some or all of the aspects anticipated by these forward-looking statements may not, in fact, occur. Factors that could cause or contribute to such differences include, but are not limited to, contractual difficulties, demand for Raptor Networks' products, the future market price of RPTN common stock and the Company's ability to obtain necessary future financing.

Contacts: Raptor Networks Technology, Inc. Tom Wittenschlaeger, CEO Bob Van Leyen, CFO 949-623-9300

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040429/RPTNLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com Raptor Networks Technology, Inc.

CONTACT: Tom Wittenschlaeger, CEO, or Bob Van Leyen, CFO, both of Raptor
Networks Technology, Inc., +1-949-623-9300

Web site: http://www.raptor-networks.com/

OpenTV Announces First Quarter 2008 Financial Results Conference Call Details

SAN FRANCISCO, April 29 /PRNewswire-FirstCall/ -- OpenTV Corp. , a leading provider of solutions for the delivery of advanced television and advanced advertising services, announced today that it will release its first quarter 2008 financial results after market close on Tuesday, May 6, 2008. The details of the conference call to discuss the first quarter financial results are as follows:

Date and Time: Tuesday, May 6, 2008, at 5:00pm ET / 2:00pm PT Dial-in number US: 800.638.4817 Dial-in number International: 617.614.3943 Pass Code: 17138502 Participants: Ben Bennett, Chief Executive Officer Shum Mukherjee, Chief Financial Officer Mark Beariault, General Counsel

To access a live Web cast of the conference call, please go to the Investor Relations section of the OpenTV Web site at http://www.opentv.com/.

The conference call replay will be available from May 6, 2008 at 7:00pm ET / 4:00pm PT through May 20, 2008 at 11:59pm ET / 8:59pm PT.

Replay Number US: 888-286-8010 Replay Number International: 617-801-6888 Pass Code: 90348358 About OpenTV

OpenTV is one of the world's leading providers of solutions for the delivery of advanced digital television services. The company's software has been integrated in more than 100 million digital devices around the world, and enables enhanced program guides, video-on-demand, personal video recording, interactive and addressable advertising, games and a variety of consumer care and communication applications. For more information, please visit http://www.opentv.com/.

OpenTV Corp.

CONTACT: Christine Oury of OpenTV, +1-415-962-5433, coury@opentv.com; or
Brad Edwards of Brainerd Communicators, Inc., +1-212-986-6667,
edwards@braincomm.com, for OpenTV

Web site: http://www.opentv.com/

Extreme Networks Delivers High Performance Network Solutions to Address the Needs of the Evolving Data CenterSummit X650 Switch Delivers Extraordinary Scale and a Flexible Migration Path in a 'Top of Rack' 1 RU Solution Optimized for 10 Gigabit Ethernet Performance

LAS VEGAS, April 29 /PRNewswire-FirstCall/ -- Interop -- Extreme Networks, Inc. today announced a revolutionary data center switch that provides high performance, scalability and advanced features to deliver improved network economics, scale and longevity within enterprise data centers. The new Summit(R) X650, a 24 port non-blocking 10 Gigabit fixed switch, provides a breakthrough approach for data centers with industry-leading high capacity and performance stacking technology that offers customers flexibility and a smooth migration for servers supporting 10 Gigabit and Gigabit speeds.

The modern enterprise data center requires cost effective performance upgrades to 10 Gigabit Ethernet core technologies as throughput demands outpace Gigabit speeds. The Summit X650, a purpose-built, top-of-rack 1 RU switch, supports a unique design that shifts the dynamics of data center decision making with a future-proof, high performance architecture and impressive stacking capacity. With the arrival of the Summit X650 Enterprises now have the ability to support cost-effective upgrades to high performance 10 Gigabit Ethernet while protecting their existing investments in Gigabit technologies for switches and servers.

"With today's announcement, Extreme Networks demonstrates that they understand the current needs of Enterprise and Service Provider data center customers," said Lucinda Borovick, research vice president for data center networks at IDC. "Their new data center solution allows customers to 'pay as they grow' for network upgrades by offering flexible, fixed-configuration Ethernet switches that feature 10 Gigabit connectivity while supporting management stacking with existing 1 Gigabit switches. This helps customers reduce their risk by minimizing over purchasing their network."

Versatile 10 Gigabit Scale

The Summit X650 switch supports high density 10 Gigabit Ethernet within a single Rack Unit (1 RU) with up to 32 10 Gigabit ports on a single system, or up to 256-ports in a stacked system. The Summit X650 promotes longevity in the network by supporting industry-leading switch stacking with total throughput performance of 512 Gigabit per second -- the highest in the industry. It supports network scalability with dense 10 Gigabit Ethernet ports, 10GBASE-T or SFP+ fiber interfaces.

Versatile Interface Modules (VIMs) available for the Summit X650 allow customers to scale the data center with performance on an "as-needed" basis. VIMs leverage SummitStack(TM) technology and in doing so provide the ability to stack both 10 Gigabit Summit X650 switches and existing Summit X450 Gigabit switches within the same stack. This enables minimal disruption of network services and investment protection for existing switches and servers.

ExtremeXOS: Advanced Modular Software Operating System

Along with all of the Extreme Networks Summit X products, the Summit X650 supports the ExtremeXOS(R) Operating System -- a next-generation modular OS that is consistent with Extreme Networks core, aggregation and edge switches. ExtremeXOS provides high availability and extensibility with its open architecture and simplicity with a single consistent foundation throughout the network.

"Our approach to the data center addresses the most pressing problem -- the customer's need to improve performance where they need it most while protecting investment in their existing infrastructure," said Douglas Murray, vice president and general manager for Extreme Networks(R) Volume Products Group. "With the unparalleled performance and flexibility of the Summit X650 switch, including our advanced stacking architecture as part of the ExtremeXOS operating system, we truly provide a game changing solution for the data center."

Pricing and Availability

The Summit X650 switch will be available in the fourth quarter of 2008 and has a U.S. list price starting at $19,995.

Extreme Networks, Inc.

Extreme Networks designs, builds, and installs Ethernet infrastructure solutions that solve the toughest business communications challenges. The company's commitment to open networking sets it apart from the alternatives by delivering meaningful insight and unprecedented control to applications and services. Extreme Networks believes openness is the best foundation for growth, freedom, flexibility, and choice. Extreme Networks focuses on enterprises and service providers who demand high performance, converged networks that support voice, video and data, over a wired and wireless infrastructure. For more information, visit: http://www.extremenetworks.com/.

Except for the historical information contained herein, the matters set forth in this press release, including without limitation statements as to security, functionality, and performance of the ExtremeXOS and Summit products are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date. Because such statements deal with future events, they are subject to risks and uncertainties, including network design and actual results of use of the product in different environments. We undertake no obligation to update the forward-looking information in this release. Other important factors which could cause actual results to differ materially are contained in the Company's 10-Qs and 10-Ks which are on file with the Securities and Exchange Commission (http://www.sec.gov/).

Extreme Networks, ExtremeXOS, Summit, and SummitStack are either trademarks or registered trademarks of Extreme Networks, Inc. in the United States and other countries. All other names and marks are the property of their respective owners. (C) 2008 Extreme Networks, Inc. All Rights Reserved.

Extreme Networks, Inc.

CONTACT: Greg Cross, Extreme Networks Public Relations, +1-408-579-3483,
gcross@extremenetworks.com

Web site: http://www.extremenetworks.com/

Rogers Reports Strong First Quarter 2008 Financial and Operating ResultsConsolidated Revenue Grows 14% to $2.6 Billion, Adjusted Operating Profit Increases 21% to $984 Million, and Net Income Increases 102% to $344 Million;Wireless Postpaid Net Subscriber Additions Grow to 97,000, with ARPU up 7% and Churn Down to 1.10%;Cable Drives Continued Strong Net Additions of Revenue Generating Units and Crosses the One-Million Subscriber Mark for Home Telephone Customers as Margins ExpandWireless Announced It Will Bring the iPhone to Canada Later This Year

TORONTO, April 29 /PRNewswire-FirstCall/ -- Rogers Communications Inc. today announced its consolidated financial and operating results for the three months ended March 31, 2008.

Financial highlights are as follows: ------------------------------------------------------------------------- Three months ended March 31, (In millions of dollars, ------------------------------ except per share amounts) 2008 2007 % Chg ------------------------------------------------------------------------- Operating revenue $ 2,609 $ 2,298 14 Operating profit(1) 1,095 798 37 Net income 344 170 102 Net income per share: Basic $ 0.54 $ 0.27 100 Diluted 0.54 0.26 108 As adjusted:(2) Operating profit $ 984 $ 814 21 Net income 270 186 45 Net income per share: Basic $ 0.42 $ 0.29 45 Diluted 0.42 0.29 45 ------------------------------------------------------------------------- (1) Operating profit should not be considered as a substitute or alternative for operating income or net income, in each case determined in accordance with Canadian generally accepted accounting principles ("GAAP"). See the "Reconciliation of Net Income to Operating Profit and Adjusted Operating Profit" section for a reconciliation of operating profit and adjusted operating profit to operating income and net income under Canadian GAAP and the "Key Performance Indicators and Non-GAAP Measures" section. (2) For details on the determination of the 'as adjusted' amounts, which are non-GAAP measures, see the "Supplementary Information" and the "Key Performance Indicators and Non-GAAP Measures" sections. The 'as adjusted' amounts presented above are reviewed regularly by management and our Board of Directors in assessing our performance and in making decisions regarding the ongoing operations of the business and the ability to generate cash flows. The 'as adjusted' amounts exclude (i) stock-based compensation (recovery) expense; (ii) integration and restructuring expenses; and (iii) in respect of net income and net income per share, the related income tax impact of the above amounts. Highlights of the first quarter of 2008 include the following: - Generated continued strong double-digit growth in quarterly revenue and adjusted operating profit of 14% and 21%, respectively, while net income increased 102% to $344 million (or by 45% to $270 million on an adjusted basis) and adjusted operating profit less interest expense and PP&E additions rose 94% to $525 million. - Wireless subscriber postpaid net additions were 97,000, while postpaid subscriber monthly churn was reduced to 1.10% from 1.17% in the first quarter of 2007. Wireless postpaid monthly ARPU (average revenue per user) increased 7% year-over-year to $72.39 driven in part by the 47% growth in data revenue to $206 million, or 15.1% of network revenue. - Fido announced that four years after its launch, Fido Rewards is now the most successful wireless membership rewards program in North America having surpassed the one million membership milestone. - Wireless announced it had reached an agreement with Apple to bring the iPhone to Canada later this year. Information regarding device availability and service plans will be announced at a later date. - Cable ended the quarter with 702,000 residential voice-over-cable telephony subscriber lines, reflecting net additions of 46,000 lines for the quarter, of which approximately 3,000 were migrations from the circuit-switched platform. Early in the first quarter, Cable added its one-millionth Rogers Home Phone customer, including voice- over-cable and circuit-switched lines. - Cable's Internet subscriber base grew by 41,000 in the quarter to 1,510,000, and digital cable households increased by 49,000 to reach 1,402,000. During the quarter, Cable increased the speeds for its Internet access services, and also implemented monthly usage allowances and monitoring tools, while usage-based billing on a per gigabyte basis for very heavy usage customers is phased in. - Cable announced that it had entered into an agreement to acquire Aurora Cable TV Limited ("Aurora Cable"). This transaction has not yet closed pending Canadian Radio-television and Telecommunications Commission ("CRTC") approval, which is expected in 2008. Aurora Cable provides cable television, Internet and telephony services in the Town of Aurora and the community of Oak Ridges, in Richmond Hill, Ontario. - Availability of the Rogers Portable Internet service was expanded to now include more than 150 urban and rural communities across Canada. With this most recent expansion, the Inukshuk joint venture's network has become the second largest broadband fixed wireless network in the world. - Media announced an arrangement with the Buffalo Bills that will see the team play eight NFL games at the 54,000 seat Rogers Centre over the next five years. Indications of interest for ticket purchases for the eight game series has already greatly exceeded the available seating capacity. - Media also announced that the CRTC has approved the acquisition of Vancouver's ethnic television station, Channel m. Channel m will become a Rogers OMNI TV property joining OMNI.1 and OMNI.2 in Ontario and, beginning in the fall of 2008, the newly licenced OMNI TV channels launching in Calgary and Edmonton. The transaction is expected to close on April 30, 2008. - Rogers' Board of Directors approved an increase in the annual dividend from $0.50 to $1.00 per share to be paid in quarterly amounts of $0.25 per share effective with the quarterly dividend which was declared on February 21, 2008. At the same time, Rogers also filed a Normal Course Issuer Bid ("NCIB") which authorizes us to repurchase up to the lesser of 15 million of its Class B Non-Voting shares and that number of Class B Non-Voting shares that can be purchased under the NCIB for an aggregate purchase price of $300 million.

"This was a robust start to 2008 both operationally and financially for which I'm thankful to our loyal customers and our thousands of hard working employees," said Ted Rogers, President and CEO of Rogers Communications Inc. "While many challenges lie ahead in the coming quarters, we are well on track to deliver another year of strong growth in both subscribers and profitability. Our focus as 2008 continues to unfold remains solidly upon disciplined execution, excellence in customer service and unparalleled innovation that adds value to our customers' lives."

MANAGEMENT'S DISCUSSION AND ANALYSIS FOR THE THREE MONTHS ENDED MARCH 31, 2008

This management's discussion and analysis ("MD&A"), which is current as of April 28, 2008, should be read in conjunction with our 2007 Annual MD&A and our 2007 Annual Audited Consolidated Financial Statements and Notes thereto. The financial information presented herein has been prepared on the basis of Canadian generally accepted accounting principles ("GAAP") for interim financial statements and is expressed in Canadian dollars. Please refer to Note 26 to our 2007 Annual Audited Consolidated Financial Statements for a summary of the differences between Canadian GAAP and United States ("U.S.") GAAP for the year ended December 31, 2007.

In this MD&A, the terms "we", "us", "our", "Rogers" and "the Company" refer to Rogers Communications Inc. and our subsidiaries, which are reported in the following segments:

- "Wireless", which refers to our wireless communications operations, including Rogers Wireless Partnership ("RWP") and Fido Solutions Inc.; - "Cable" (formerly "Cable and Telecom"), which refers to our wholly owned cable television subsidiaries, including Rogers Cable Communications Inc. ("RCCI"); and - "Media", which refers to our wholly owned subsidiary Rogers Media Inc. and its subsidiaries, including Rogers Broadcasting, which owns a group of 52 radio stations, the CityTV television network, the Rogers Sportsnet television network, The Shopping Channel, the OMNI television stations, and Canadian specialty channels including Biography and G4TechTV; Rogers Publishing, which publishes approximately 70 magazines and trade journals; and Rogers Sports Entertainment, which owns the Toronto Blue Jays Baseball Club ("Blue Jays") and the Rogers Centre. Media also holds ownership interests in entities involved in specialty television content, television production and broadcast sales.

"RCI" refers to the legal entity Rogers Communications Inc. excluding our subsidiaries.

Throughout this MD&A, percentage changes are calculated using numbers rounded to which they appear.

SUMMARIZED CONSOLIDATED FINANCIAL RESULTS ------------------------------------------------------------------------- Three months ended March 31, (In millions of dollars, ------------------------------ except per share amounts) 2008 2007 % Chg ------------------------------------------------------------------------- Operating revenue Wireless $ 1,431 $ 1,231 16 Cable Cable Operations 695 620 12 RBS 133 145 (8) Rogers Retail 100 91 10 Corporate items and eliminations (3) (1) n/m ------------------------------ 925 855 8 Media 307 266 15 Corporate items and eliminations (54) (54) - ------------------------------ Total 2,609 2,298 14 ------------------------------ ------------------------------ Adjusted operating profit (loss)(1) Wireless 705 581 21 Cable Cable Operations 283 234 21 RBS 17 (7) n/m Rogers Retail 3 1 200 ------------------------------ 303 228 33 Media 2 19 (89) Corporate items and eliminations (26) (14) 86 ------------------------------ Adjusted operating profit(1) 984 814 21 Stock-based compensation recovery (expense)(2) 116 (15) n/m Integration and restructuring expenses(3) (5) (1) n/m ------------------------------ Operating profit(1) 1,095 798 37 Other income and expense, net(4) 751 628 20 ------------------------------ Net income $ 344 $ 170 102 ------------------------------ ------------------------------ Net income per share: Basic $ 0.54 $ 0.27 100 Diluted 0.54 0.26 108 As adjusted:(1) Net income $ 270 $ 186 45 Net income per share: Basic $ 0.42 $ 0.29 45 Diluted 0.42 0.29 45 Additions to property, plant and equipment ("PP&E")(1) Wireless $ 163 $ 232 (30) Cable Cable Operations 121 125 (3) RBS 4 23 (83) Rogers Retail 3 3 - ------------------------------ 128 151 (15) Media 21 7 200 Corporate 9 4 125 ------------------------------ Total $ 321 $ 394 (19) ------------------------------------------------------------------------- (1) As defined. See the "Supplementary Information" and the "Key Performance Indicators and Non-GAAP Measures" sections. (2) See the section entitled "Stock-based Compensation". (3) Costs incurred relate to the integration of Call-Net Enterprises Inc. ("Call-Net"), the restructuring of Rogers Business Solutions and the closure of certain Rogers Retail stores. (4) See the "Reconciliation of Net Income to Operating Profit and Adjusted Operating Profit for the Period" section for details of these amounts. n/m: not meaningful.

For discussions of the results of operations of each of these segments, refer to the respective segment sections of this MD&A.

Reconciliation of Net Income to Operating Profit and Adjusted Operating Profit for the Period

The items listed below represent the consolidated income and expense amounts that are required to reconcile net income as defined under Canadian GAAP to the non-GAAP measures operating profit and adjusted operating profit for the period. See the "Supplementary Information" section for a full reconciliation to adjusted operating profit, adjusted net income, and adjusted net income per share. For details of these amounts on a segment-by-segment basis and for an understanding of intersegment eliminations on consolidation, the following section should be read in conjunction with Note 2 to the Interim Consolidated Financial Statements entitled "Segmented Information".

------------------------------------------------------------------------- Three months ended March 31, ------------------------------ (In millions of dollars) 2008 2007 % Chg ------------------------------------------------------------------------- Net income $ 344 $ 170 102 Income tax expense 170 86 98 Other income, net (8) (1) n/m Change in the fair value of derivative instruments 4 4 - Foreign exchange loss (gain) 7 (10) n/m Interest on long-term debt 138 149 (7) ------------------------------ Operating income 655 398 65 Depreciation and amortization 440 400 10 ------------------------------ Operating profit 1,095 798 37 Stock-based compensation (recovery) expense (116) 15 n/m Integration and restructuring expenses 5 1 n/m ------------------------------ Adjusted operating profit $ 984 $ 814 21 ------------------------------------------------------------------------- Net Income and Net Income Per Share

We recorded net income of $344 million for the three months ended March 31, 2008, or basic and diluted earnings per share of $0.54, compared to net income of $170 million or basic earnings per share of $0.27 (diluted - $0.26) in the corresponding period in 2007.

Income Tax Expense

Due to our non-capital loss carryforwards, our income tax expense for the three months ended March 31, 2008, and 2007, substantially represents non-cash income taxes. Our effective tax rate for the three months ended March 31, 2008, was 33.1%, which was not materially different than the 2008 statutory tax rate of 32.7%. The effective tax rate for the three months ended March 31, 2007, was 33.6%. The effective rate was less than the 2007 statutory rate of 35.8% primarily due to realized capital gains, only 50% of which are subject to income tax.

Foreign Exchange Loss (Gain)

During the three months ended March 31, 2008, the Canadian dollar weakened by 3.98 cents versus the U.S. dollar. This resulted in a foreign exchange loss of $7 million during the three months ended March 31, 2008. During the corresponding period of 2007, the Canadian dollar strengthened by 1.24 cents versus the U.S. dollar. This resulted in a foreign exchange gain of $10 million during the three months ended March 31, 2007 related to the U.S. dollar-denominated long-term debt not hedged for accounting purposes.

Interest on Long-Term Debt

Interest expense decreased by $11 million, for the three months ended March 31, 2008 compared to the corresponding period in 2007. The decrease in interest expense is primarily due to the $433 million decrease in long-term debt at March 31, 2008 compared to March 31, 2007, including the impact of cross-currency interest rate exchange agreements.

This decrease in debt was largely the result of the May 2007 redemption of Wireless' US$550 million Floating Rate Senior Notes due 2010 and the June 2007 redemption of Wireless' US$155 million 9.75% Senior Debentures due 2016. These repayments were partially offset by the $393 million net increase in bank debt as at March 31, 2008 compared to March 31, 2007.

Operating Income

The 65% increase in our operating income, for the three months ended March 31, 2008, compared to the corresponding period of the prior year, to $655 million from $398 million, is due to the growth in revenue of $311 million exceeding the growth in operating expenses of $54 million. See the section entitled "Segment Review" for a detailed discussion of respective segment results.

Depreciation and Amortization Expense

The increase in depreciation and amortization expense for the three months ended March 31, 2008, compared to the corresponding period of the prior year, reflects an increase in depreciation of PP&E, partially offset by a decrease in amortization of intangible assets related to certain fully-amortized intangible assets from the acquisition of Fido in 2004.

Stock-based Compensation

On May 28, 2007, our stock option plans were amended to attach cash settled share appreciation rights ("SARs") to all new and previously granted options. As a result, all outstanding stock options are now classified as liabilities and are carried at their intrinsic value, as adjusted for vesting, measured as the difference between the current stock price and the option exercise price. The intrinsic value of the liability is marked to market each period and is amortized to expense over the period in which the related services are rendered, which is usually the graded vesting period, or, as applicable, over the period to the date an employee is eligible to retire, whichever is shorter.

A summary of stock-based compensation (recovery) expense is as follows: ------------------------------- Stock-based Compensation (Recovery) Expense Included in Operating, General and Administrative Expenses ------------------------------------------------------------------------- Three months ended March 31, ------------------------------- (In millions of dollars) 2008 2007 ------------------------------------------------------------------------- Wireless $ (10) $ 3 Cable (33) 3 Media (20) 2 Corporate (53) 7 ------------------------------- $ (116) $ 15 -------------------------------------------------------------------------

At March 31, 2008, we have a liability of $359 million related to stock-based compensation recorded at its intrinsic value, including stock options, restricted share units and deferred share units. In the three months ended March 31, 2008, $21 million was paid to option holders upon exercise of options using the SAR feature, including stock options and restricted share units.

Adjusted Operating Profit

For the three months ended March 31, 2008, adjusted operating profit increased to $984 million, from $814 million in the corresponding period of the prior year. Wireless and Cable both contributed to the increase in adjusted operating profit, partially offset by a decline in adjusted operating profit in Media. Refer to the individual segment discussions for details of the respective changes in adjusted operating profit. Relative to operating profit, adjusted operating profit for the three months ended March 31, 2008 and 2007, respectively, excludes: (i) stock-based compensation (recovery) expense of $(116) million and $15 million; and (ii) integration and restructuring expenses of $5 million and $1 million.

For details on the determination of adjusted operating profit, which is a non-GAAP measure, see the "Supplementary Information" and the "Key Performance Indicators and Non-GAAP Measures" sections.

SEGMENT REVIEW WIRELESS -------- Summarized Wireless Financial Results ------------------------------------------------------------------------- Three months ended March 31, ------------------------------ (In millions of dollars, except margin) 2008 2007 % Chg ------------------------------------------------------------------------- Operating revenue Postpaid $ 1,294 $ 1,104 17 Prepaid 66 61 8 One-way messaging 3 4 (25) ------------------------------ Network revenue 1,363 1,169 17 Equipment sales 68 62 10 ------------------------------ Total operating revenue 1,431 1,231 16 ------------------------------ Operating expenses before the undernoted Cost of equipment sales 145 144 1 Sales and marketing expenses 140 140 - Operating, general and administrative expenses 441 366 20 ------------------------------ 726 650 12 ------------------------------ Adjusted operating profit(1)(2) 705 581 21 Stock-based compensation recovery (expense)(3) 10 (3) n/m ------------------------------ Operating profit(1) $ 715 $ 578 24 ------------------------------ ------------------------------ Adjusted operating profit margin as % of network revenue(1) 51.7% 49.7% Additions to PP&E(1) $ 163 $ 232 (30) ------------------------------------------------------------------------- (1) As defined. See the "Key Performance Indicators and Non-GAAP Measures" and the "Supplementary Information" sections. (2) Adjusted operating profit includes a loss of $4 million and $7 million related to the Inukshuk wireless broadband initiative for the three months ended March 31, 2008 and 2007, respectively. (3) See the section entitled "Stock-based Compensation". Summarized Wireless Subscriber Results ------------------------------------------------------------------------- Three months ended March 31, (Subscriber statistics in thousands, ------------------------------ except ARPU, churn and usage) 2008 2007 Chg ------------------------------------------------------------------------- Postpaid Gross additions 293 285 8 Net additions 97 95 2 Total postpaid retail subscribers 6,011 5,493 518 Average monthly revenue per user ("ARPU")(1) $ 72.39 $ 67.64 $ 4.75 Average monthly usage (minutes) 570 534 36 Monthly churn 1.10% 1.17% (0.07%) Prepaid Gross additions 133 144 (11) Net losses (29) (9) (20) Total prepaid retail subscribers 1,395 1,371 24 ARPU(1) $ 15.70 $ 14.76 $ 0.94 Monthly churn 3.81% 3.69% 0.12% ------------------------------------------------------------------------- (1) As defined. See the "Key Performance Indicators and Non-GAAP Measures" section. As calculated in the "Supplementary Information" section. Wireless Network Revenue

The increase in network revenue for the three months ended March 31, 2008, compared to the corresponding period of the prior year, was driven principally by the continued growth of Wireless' postpaid subscriber base and improvements in postpaid ARPU. The year-over-year increase in postpaid ARPU reflects the impact of higher wireless data revenue, as well as increased long-distance, add-on features and roaming revenue. Wireless has experienced growth in roaming revenues from subscribers using services outside of Canada as well as growth in inbound roaming revenues from visitors to Canada.

Prepaid revenue increased as a result of both improved ARPU and a larger subscriber base. The year-over-year improvement in prepaid ARPU is a result of both increased data usage and more attractive prepaid offerings aimed at the higher-value section of the prepaid market.

Wireless' success in the continued reduction in postpaid churn reflects targeted customer retention activities, commitment to customer care and improvements in network coverage and quality.

The combination of modestly lower gross additions due to competitive offerings and the pattern of seasonally higher first quarter prepaid churn drove the increased level of prepaid net subscriber losses.

For the three months ended March 31, 2008, wireless data revenue increased by 47% over the corresponding period of 2007, to $206 million. This increase in data revenue reflects the continued growth of text and multimedia messaging services, wireless Internet access, BlackBerry and other PDA devices, downloadable ring tones, music and games, and other wireless data services. For the three months ended March 31, 2008, data revenue represented approximately 15.1% of total network revenue, compared to 12.3% in the corresponding period of 2007.

Wireless Equipment Sales

The year-over-year increase in revenue from equipment sales, including activation fees and net of equipment subsidies, reflects an increased volume of handset upgrades associated with the growing subscriber base.

Wireless Operating Expenses ------------------------------------------------------------------------- Three months ended March 31, (In millions of dollars, ------------------------------ except per subscriber statistics) 2008 2007 % Chg ------------------------------------------------------------------------- Operating expenses Cost of equipment sales $ 145 $ 144 1 Sales and marketing expenses 140 140 - Operating, general and administrative expenses 441 366 20 ------------------------------- Operating expenses before the undernoted 726 650 12 Stock-based compensation (recovery) expense(1) (10) 3 n/m ------------------------------- Total operating expenses $ 716 $ 653 10 ------------------------------- ------------------------------- Average monthly operating expense per subscriber before sales and marketing expenses(2) $ 21.51 $ 20.20 6 Sales and marketing costs per gross subscriber addition(2) $ 410 $ 386 6 ------------------------------------------------------------------------- (1) See the section entitled "Stock-based Compensation". (2) As defined. See the "Key Performance Indicator and Non-GAAP Measures" section. As calculated in the "Supplementary Information" section. Average monthly operating expense per subscriber before sales and marketing expenses excludes stock-based compensation (recovery) expense.

Cost of equipment sales remained consistent in the three months ended March 31, 2008, compared to the corresponding period of the prior year.

Sales and marketing expenses for the three months ended March 31, 2008 remained consistent with the corresponding period of the prior year, while the increase in sales and marketing costs per gross subscriber addition reflects an increase in acquisition-related equipment costs driven by higher cost devices associated with a greater proportion of higher value customers which added both voice and data service plans.

Growth in the Wireless subscriber base drove increases in operating, general and administrative expenses in the three months ended March 31, 2008, compared to the corresponding period of 2007. These increases were reflected in higher costs to support increased usage of data and roaming services and increases in network operating expenses to accommodate the larger subscriber base. Customer care and information technology costs also increased as a result of the complexity of supporting more sophisticated services and devices. These costs were partially offset by savings related to operating and scale efficiencies across various functions.

Total retention spending, including subsidies on handset upgrades, has decreased to $94 million in the three months ended March 31, 2008, compared to $99 million in the corresponding period of the prior year. Retention spending was higher in the three months ended March 31, 2007 due to the transition of customers to Wireless' more advanced GSM services from our older generation Time Division Multiple Access ("TDMA") network, which was decommissioned in May 2007, and the introduction of Wireless Number Portability ("WNP") in March 2007.

Wireless Adjusted Operating Profit

The strong year-over-year growth in adjusted operating profit was the result of the significant growth in network revenue. As a result, Wireless' adjusted operating profit margin on network revenue (which excludes equipment sales revenue) increased to 51.7% for the three months ended March 31, 2008, compared to 49.7% in the corresponding period of 2007.

Wireless Additions to Property, Plant and Equipment Wireless additions to PP&E are classified into the following categories: ------------------------------------------------------------------------- Three months ended March 31, ------------------------------ (In millions of dollars) 2008 2007 % Chg ------------------------------------------------------------------------- Additions to PP&E HSPA ("High-Speed Packet Access") $ 62 $ 149 (58) Network - capacity 41 41 - Network - other 37 16 131 Information and technology and other 22 21 5 Inukshuk 1 5 (80) ------------------------------ Total additions to PP&E $ 163 $ 232 (30) -------------------------------------------------------------------------

Additions to Wireless PP&E reflect spending on GSM network capacity, such as radio channel additions and network enhancing features. Additions to PP&E associated with the deployment of HSPA were mainly for the continued roll-out to markets across Canada and the upgrade to faster network throughput speeds. Other network-related PP&E additions included national site build activities, additional spending on test and monitoring equipment, network sectorization work, operating support system activities and new product platforms. Other initiatives include billing and back office system upgrades, and other facilities and equipment spending.

CABLE ----- Summarized Cable Financial Results ------------------------------------------------------------------------- Three months ended March 31, ------------------------------ (In millions of dollars, except margin) 2008(1) 2007 % Chg ------------------------------------------------------------------------- Operating revenue Cable Operations(2) $ 695 $ 620 12 RBS 133 145 (8) Rogers Retail 100 91 10 Intercompany eliminations (3) (1) n/m ------------------------------ Total operating revenue 925 855 8 ------------------------------ Operating profit (loss) before the undernoted Cable Operations(2) 283 234 21 RBS 17 (7) n/m Rogers Retail 3 1 200 ------------------------------ Adjusted operating profit(3) 303 228 33 Stock-based compensation recovery (expense)(4) 33 (3) n/m Integration and restructuring expenses(5) (5) (1) n/m ------------------------------ Operating profit(3) $ 331 $ 224 48 ------------------------------ ------------------------------ Adjusted operating profit (loss) margin(3) Cable Operations(2) 40.7% 37.7% RBS 12.8% (4.8%) Rogers Retail 3.0% 1.1% Additions to PP&E(3) Cable Operations(2) $ 121 $ 125 (3) RBS 4 23 (83) Rogers Retail 3 3 - ------------------------------ Total additions to PP&E $ 128 $ 151 (15) ------------------------------------------------------------------------- (1) The operating results of Futureway Communications Inc. ("Futureway") are included in Cable's results of operations from the date of acquisition on June 22, 2007. (2) Cable Operations segment includes Core Cable services, Internet services and Rogers Home Phone services. (3) As defined. See the "Key Performance Indicators and Non-GAAP Measures" and "Supplementary Information" sections. (4) See the section entitled "Stock-based Compensation". (5) Costs incurred relate to the integration of Call-Net, the restructuring of RBS and the closure of certain Rogers Retail stores.

The following segment discussions provide a detailed discussion of the Cable operating results.

CABLE OPERATIONS Summarized Financial Results ------------------------------------------------------------------------- Three months ended March 31, ------------------------------ (In millions of dollars, except margin) 2008 2007 % Chg ------------------------------------------------------------------------- Operating revenue Core Cable $ 403 $ 373 8 Internet 166 143 16 Rogers Home Phone 126 104 21 ------------------------------ Total Cable Operations operating revenue 695 620 12 ------------------------------ Operating expenses before the undernoted Sales and marketing expenses 64 61 5 Operating, general and administrative expenses 348 325 7 ------------------------------ 412 386 7 ------------------------------ Adjusted operating profit(1) 283 234 21 Stock-based compensation recovery (expense)(2) 31 (3) n/m Integration expenses(3) - (1) n/m ------------------------------ Operating profit(1) $ 314 $ 230 37 ------------------------------ ------------------------------ Adjusted operating profit margin(1) 40.7% 37.7% ------------------------------------------------------------------------- (1) As defined. See the "Key Performance Indicators and Non-GAAP Measures" and "Supplementary Information" sections. (2) See the section entitled "Stock-based Compensation". (3) Costs incurred relate to the integration of Call-Net. Summarized Subscriber Results ------------------------------------------------------------------------- Three months ended March 31, (Subscriber statistics in thousands, ------------------------------ except ARPU) 2008 2007 Chg ------------------------------------------------------------------------- Cable homes passed 3,597 3,494 103 Basic Cable Net additions(1) - 1 (1) Total Basic Cable subscribers 2,295 2,278 17 Core Cable ARPU(2) $ 58.50 $ 54.56 $ 3.94 High-speed Internet Net additions 41 42 (1) Total Internet subscribers (residential)(3) 1,510 1,339 171 Internet ARPU(2) $ 37.07 $ 35.75 $ 1.32 Digital Cable Terminals, net additions 103 120 (17) Terminals in service 1,974 1,617 357 Households, net additions 49 70 (21) Households 1,402 1,204 198 Cable telephony subscriber lines Net additions and migrations(4) 46 75 (29) Total Cable telephony subscriber lines 702 441 261 Circuit-switched subscriber lines Net losses and migrations(4) (14) (16) 2 Total circuit-switched subscriber lines 320 333 (13) Total Rogers Home Phone subscriber lines Net additions 32 59 (27) Total Rogers Home Phone subscriber lines 1,022 774 248 RGUs(5) Net additions 122 172 (50) Total revenue generating units 6,229 5,595 634 ------------------------------------------------------------------------- (1) Basic cable net additions for the three months ended March 31, 2008 reflect the impact of the conversion of a large municipal housing authority's cable TV arrangement with Rogers from a bulk to an individual tenant pay basis, which had the impact of reducing basic cable subscribers by approximately 5,000. (2) As defined. See the "Key Performance Indicators and Non-GAAP Measures" and "Supplementary Information" sections. (3) During the first quarter of 2008, a change in subscriber reporting resulted in the reclassification of approximately 4,000 high-speed Internet subscribers from RBS' broadband data circuits to Cable Operations' high-speed Internet subscriber base. These subscribers are not included in net additions for the three months ended March 31, 2008. (4) Includes approximately 3,000 and 18,000 migrations from circuit- switched to cable telephony for the three months ended March 31, 2008, and 2007, respectively. (5) RGUs are comprised of basic cable subscribers, digital cable households, residential high-speed Internet subscribers and Rogers Home Phone subscribers. Core Cable Revenue

The increase in Core Cable revenue for the three months ended March 31, 2008, compared to the corresponding period of the prior year, reflects a combination of the growing penetration of our digital cable products and the impact of price increases.

Basic cable net additions for the three months ended March 31, 2008 reflect the impact of the conversion of a large municipal housing authority's cable TV arrangement with Rogers from a bulk to an individual tenant pay basis, which had the impact of reducing basic cable subscribers by approximately 5,000.

The digital cable subscriber base grew by 16% from March 31, 2007 to March 31, 2008. Digital penetration now represents 61% of basic cable households. Strong demand for high definition ("HD") and personal video recorder ("PVR") digital set-top box equipment combined with the success of Cable's "triple play" marketing campaign, which package cable television, high-speed Internet and Rogers Home Phone services, contributed to the growth in the digital subscriber base of 49,000 households in the three months ended March 31, 2008.

Internet (Residential) Revenue

The increase in Internet revenues for the three months ended March 31, 2008 from the corresponding period in 2007 reflects the 13% year-over-year increase in the number of Internet subscribers combined with price increases to our Internet offerings, partially offset by a shift in proportion of total subscribers on lower priced service tiers.

With the high-speed Internet subscriber base now at approximately 1.5 million, Internet penetration is 66% of basic cable households, and 42% of homes passed by our network.

Rogers Home Phone Revenue

The growth in Rogers Home Phone revenue for the three months ended March 31, 2008 compared to the corresponding period in 2007 is the result of the addition of 46,000 Rogers Home Phone voice-over-cable telephony service lines in the three months ended March 31, 2008. Partially offsetting the increase in voice-over-cable telephony lines is a decline in the number of legacy circuit-switched local lines of 14,000 for the three months ended March 31, 2008, of which 3,000 represented migrations from the circuit-switched to cable telephony platform. The Rogers Home Phone subscriber base grew by 32% from March 31, 2007 to March 31, 2008.

Cable Operations Operating Expenses

Cable Operations sales and marketing expenses held relatively steady for the three months ended March 31, 2008, compared to the corresponding period of 2007, while the increases in operating, general and administrative costs for the three months ended March 31, 2008 compared to the corresponding period of 2007 were primarily driven by increases in digital cable, Internet and Rogers Home Phone subscriber bases, resulting in higher costs associated with programming content, customer care, technical service and network operations. This increase was partially offset by $13 million of costs savings related to the elimination of CRTC Part II fees and a renegotiated services agreement with Yahoo! Inc. which became effective on January 1, 2008.

Cable Operations Adjusted Operating Profit

The year-over-year growth in adjusted operating profit was primarily the result of growth in revenue and subscribers, combined with reduced costs associated with Internet services and regulatory fees. As a result, Cable Operations adjusted operating profit margins increased to 40.7% for the three months ended March 31, 2008, compared to 37.7% in the corresponding period in 2007.

Cable Operations' base of circuit-switched local telephony customers, which was acquired in July 2005 through the acquisition of Call-Net, is generally less capital intensive than its on-net cable telephony business but also generates lower margins. As a result, the inclusion of the circuit-switched local telephony business, which includes approximately 320,000 customers which have not been migrated to our cable network, with Cable Operations' telephony business, has a dilutive impact on operating profit margins.

ROGERS BUSINESS SOLUTIONS Summarized Financial Results ------------------------------------------------------------------------- Three months ended March 31, ------------------------------ (In millions of dollars, except margin) 2008 2007 % Chg ------------------------------------------------------------------------- RBS operating revenue $ 133 $ 145 (8) ------------------------------ Operating expenses before the undernoted Sales and marketing expenses 7 21 (67) Operating, general and administrative expenses 109 131 (17) ------------------------------ 116 152 (24) ------------------------------ Adjusted operating profit (loss)(1) 17 (7) n/m Stock-based compensation recovery(2) 1 - n/m Integration and restructuring expenses(3) (1) - n/m ------------------------------ Operating profit (loss)(1) $ 17 $ (7) n/m ------------------------------ ------------------------------ Adjusted operating profit margin(1) 12.8% (4.8%) ------------------------------------------------------------------------- (1) As defined. See the "Key Performance Indicators and Non-GAAP Measures" and "Supplementary Information" sections. (2) See the section entitled "Stock-based Compensation". (3) Costs incurred relate to the integration of Call-Net and the restructuring of Rogers Business Solutions. Summarized Subscriber Results ------------------------------------------------------------------------- Three months ended March 31, ------------------------------ (Subscriber statistics in thousands) 2008 2007 Chg ------------------------------------------------------------------------- Local line equivalents(1) 222 209 13 Broadband data circuits(2) 31 32 (1) ------------------------------------------------------------------------- (1) Local line equivalents include individual voice lines plus Primary Rate Interfaces ("PRIs") at a factor of 23 voice lines each. (2) Broadband data circuits are those customer locations accessed by data networking technologies including DOCSIS, DSL, E10/100/1000, OC 3/12 and DS 1/3. RBS Revenue

The decrease in RBS revenues reflects Rogers' refocusing of its business services telephony activities on the smaller end of the business market and within our cable territory. As such, RBS has and will continue to experience a decline in certain less profitable off-net services which it was not able to cost effectively provision over its own facilities. This strategy is designed to increase the margins of the RBS segment. This shift has resulted in a decline in long-distance and data (including hardware sales) revenues partially offset by an increase in local service revenues.

RBS Operating Expenses

Carrier charges, included in operating, general and administrative expenses, decreased by $13 million for the three months ended March 31, 2008, due to the decrease in revenue and product mix changes. Carrier charges represented approximately 55% of revenue in the three months ended March 31, 2008, compared to 59% of revenue in the corresponding period of 2007.

The decreases in other operating, general and administrative expenses for the three months ended March 31, 2008 compared to the corresponding period of the prior year are primarily related to the decreases in revenue and the resulting lower information technology and provisioning costs combined with certain non-recurring expense adjustments which totalled $4 million. The reduction in sales and marketing expenses for the three months ended March 31, 2008, compared to the corresponding period of the prior year, reflects streamlining initiatives, including headcount reductions, associated with the refocusing of RBS' business as discussed above.

RBS Adjusted Operating Profit

The changes described above resulted in RBS adjusted operating profit of $17 million for the three months ended March 31, 2008, compared to an adjusted operating loss of $7 million in the corresponding period of 2007.

ROGERS RETAIL Summarized Financial Results ------------------------------------------------------------------------- Three months ended March 31, ------------------------------ (In millions of dollars) 2008 2007 % Chg ------------------------------------------------------------------------- Rogers Retail operating revenue $ 100 $ 91 10 ------------------------------ Operating expenses 97 90 8 ------------------------------ Adjusted operating profit(1) 3 1 n/m Stock-based compensation recovery(2) 1 - n/m Restructuring expenses(3) (4) - n/m ------------------------------ Operating profit(1) $ - $ 1 (100) ------------------------------ ------------------------------ Adjusted operating profit (loss) margin(1) 3.0% 1.1% ------------------------------------------------------------------------- (1) As defined. See the "Key Performance Indicators and Non-GAAP Measures" and "Supplementary Information" sections. (2) See the section entitled "Stock-based Compensation". (3) Costs related to the closure of certain Rogers Retail stores. Rogers Retail Revenue

The increase in Rogers Retail revenue of $9 million for the three months ended March 31, 2008, compared to the corresponding period of 2007 was the result of increased sales of wireless products and services, while video rental and sales revenues remained essentially the same compared to the corresponding period of the prior year with an ongoing shift within the video category from DVD rentals to DVD sales.

Rogers Retail Adjusted Operating Profit

Rogers Retail recorded an adjusted operating profit of $3 million for the three months ended March 31, 2008, compared to an adjusted operating profit of $1 million in the corresponding period of the prior year, which is the result of increased sales of wireless products and services and decreased sales and marketing expenses.

Restructuring Expenses

In the three months ended March 31, 2008, Rogers Retail recorded a charge of $4 million related to the closure of 18 underperforming video store locations, primarily located in the province of Ontario.

CABLE ADDITIONS TO PP&E

The Cable Operations segment categorizes its PP&E expenditures according to a standardized set of reporting categories that were developed and agreed to by the U.S. cable television industry and which facilitate comparisons of additions to PP&E between different cable companies. Under these industry definitions, Cable Operations additions to PP&E are classified into the following five categories:

- Customer premises equipment ("CPE"), which includes the equipment for digital set-top terminals, Internet modems and the associated installation costs; - Scalable infrastructure, which includes non-CPE costs to meet business growth and to provide service enhancements, including many of the costs to-date of the cable telephony initiative; - Line extensions, which includes network costs to enter new service areas; - Upgrades and rebuild, which includes the costs to modify or replace existing coaxial cable, fibre-optic equipment and network electronics; and - Support capital, which includes the costs associated with the purchase, replacement or enhancement of non-network assets. Summarized Cable PP&E Additions ------------------------------------------------------------------------- Three months ended March 31, ------------------------------ (In millions of dollars) 2008 2007 % Chg ------------------------------------------------------------------------- Additions to PP&E Customer premises equipment $ 46 $ 66 (30) Scalable infrastructure 35 22 59 Line extensions 9 13 (31) Upgrades and rebuild 3 4 (25) Support capital 28 20 40 ------------------------------ Total Cable Operations 121 125 (3) RBS 4 23 (83) Rogers Retail 3 3 - ------------------------------ $ 128 $ 151 (15) -------------------------------------------------------------------------

Cable Operations PP&E additions are primarily attributable to increased spending on support capital and scalable infrastructure related to network capacity and information technology infrastructure, resulting from a larger subscriber base. Spending on customer premise equipment has decreased in the three months ended March 31, 2008, compared to the corresponding period of the prior year, due to lower gross additions of high-speed Internet customers and digital terminals.

The reduction in RBS PP&E additions for the three months ended March 31, 2008 compared to the corresponding period of the prior year reflects the refocusing of RBS's business as discussed above.

Rogers Retail PP&E additions are attributable to improvements made to certain retail stores.

MEDIA Summarized Media Financial Results ------------------------------------------------------------------------- Three months ended March 31, ------------------------------ (In millions of dollars, except margin) 2008(1) 2007 % Chg ------------------------------------------------------------------------- Operating revenue $ 307 $ 266 15 ------------------------------ Operating expenses before the undernoted 305 247 23 ------------------------------ Adjusted operating profit(2) 2 19 (89) Stock-based compensation recovery (expense)(3) 20 (2) n/m ------------------------------ Operating profit(2) $ 22 $ 17 29 ------------------------------ ------------------------------ Adjusted operating profit margin(2) 0.7% 7.1% Additions to property, plant and equipment(2) $ 21 $ 7 200 ------------------------------------------------------------------------- (1) The operating results of Citytv are included in Media's results of operations from the date of acquisition on October 31, 2007. (2) As defined. See the "Key Performance Indicators and Non-GAAP Measures" section. (3) See the section entitled "Stock-based Compensation". Media Revenue

The increase in Media revenue for the three months ended March 31, 2008, over the corresponding period in 2007, primarily reflects the acquisition of Citytv, which closed on October 31, 2007, and contributed $34 million to revenue in the quarter, or approximately 70% of the total year-over-year increase. In addition, Media's OMNI television, Radio and Sportsnet businesses each experienced organic revenue growth compared to the first quarter of 2007. These increases were partially offset by softer advertising revenue at Publishing, modestly lower sales of electronic goods and home furnishing products at The Shopping Channel, and the timing of revenue sharing payments from Major League Baseball ("MLB") at Sports Entertainment.

Media Operating Expenses

The increase in Media operating expenses for the three months ended March 31, 2008, compared to the corresponding period in 2007, primarily reflects the combination of $36 million of operating costs relating to the acquired Citytv business and the expensing of $9 million of a $16 million contract termination fee at Sports Entertainment relating to a change in concession vendors at Rogers Centre. In addition, Sportsnet's expenses were negatively impacted by an increase in NHL game telecasts and HD programming costs.

Media Adjusted Operating Profit

The year-over-year decrease in Media's adjusted operating profit for the three months ended March 31, 2008, compared to the corresponding period of the prior year, primarily reflects the above noted contract termination fee, combined with the timing of MLB revenue sharing payments, results of recently acquired operations of Citytv, programming cost increases at Sportsnet, and revenue softness at Publishing and The Shopping Channel.

Media Additions to PP&E

The majority of Media's PP&E additions in the three months ended March 31, 2008, reflect building improvements related to the relocation of Rogers Sportsnet production facilities and the acquisition of certain assets valued at approximately $7 million, as part of the above noted termination of a concession services agreement at Rogers Centre.

CONSOLIDATED LIQUIDITY AND CAPITAL RESOURCES Operations

For the three months ended March 31, 2008, cash generated from operations before changes in non-cash operating items, which is calculated by removing the effect of all non-cash items from net income, increased to $869 million from $683 million in the corresponding period of 2007. The $186 million increase is primarily the result of a $170 million increase in adjusted operating profit and an $11 million decrease in interest expense.

Taking into account the changes in non-cash working capital items for the three months ended March 31, 2008, cash generated from operations was $699 million, compared to $415 million in the corresponding period of 2007.

Net funds used during the three months ended March 31, 2008 totalled approximately $705 million, the details of which include the following:

- additions to PP&E of $403 million, including $82 million of related changes in non-cash working capital; - net repayments under our bank credit facility aggregating $165 million; - the payment of quarterly dividends of $80 million on our Class A Voting and Class B Non-Voting shares; - additions to program rights of $36 million; and - acquisitions and other net investments aggregating $21 million, including a $16 million deposit paid in relation to the agreement to acquire Aurora Cable, $4 million related to the acquisition of CIKZ- FM Kitchener and $3 million related to the acquisition of Citytv.

Taking into account the cash deficiency of $61 million at the beginning of the period and the fund uses described above, the cash deficiency at March 31, 2008 was $67 million.

Financing

Our long-term debt instruments are described in Note 15 to the 2007 Annual Audited Consolidated Financial Statements and Note 5 to the Unaudited Interim Consolidated Financial Statements for the three months ended March 31, 2008.

As mentioned above, during the three months ended March 31, 2008, an aggregate $165 million net repayment was made under our bank credit facility.

In January 2008, Rogers filed a NCIB which authorizes us to repurchase up to the lesser of 15 million of our Class B Non-Voting shares and that number of Class B Non-Voting shares that can be purchased under the NCIB for an aggregate purchase price of $300 million. During the three months ended March 31, 2008, no shares were repurchased pursuant to the NCIB.

We will participate in the auction of wireless spectrum licences that will take place commencing May 27, 2008 and, as such, have arranged for the issuance of standby letters of credit pursuant to the terms and conditions of the auction. The letters of credit aggregate $534 million, and expire on August 29, 2008.

Interest Rate and Foreign Exchange Management Economic Hedge Analysis

For the purposes of our discussion on the hedged portion of long-term debt, we have used non-GAAP measures in that we include all cross-currency interest rate exchange agreements (whether or not they qualify as hedges for accounting purposes) since all such agreements are used for risk-management purposes only and are designated as a hedge of specific debt instruments for economic purposes. As a result, the Canadian dollar equivalent of U.S. dollar-denominated long-term debt reflects the contracted foreign exchange rate for all of our cross-currency interest rate exchange agreements regardless of qualifications for accounting purposes as a hedge.

During the three months ended March 31, 2008, there was no change in our U.S. dollar-denominated debt or in our cross-currency interest rate exchange agreements. On March 31, 2008 all of our U.S. dollar-denominated debt was hedged on an economic basis and on an accounting basis.

Consolidated Hedged Position ------------------------------------------------------------------------- (In millions of dollars, March 31, December 31, except percentages) 2008 2007 ------------------------------------------------------------------------- U.S. dollar-denominated long-term debt US $ 4,190 US $ 4,190 Hedged with cross-currency interest rate exchange agreements US $ 4,190 US $ 4,190 Hedged exchange rate 1.3313 1.3313 Percent hedged 100.0%(1) 100.0% ------------------------------------------------------------------------- Amount of long-term debt(2) at fixed rates: Total long-term debt Cdn $ 7,290 Cdn $ 7,454 Total long-term debt at fixed rates Cdn $ 6,215 Cdn $ 6,214 Percent of long-term debt fixed 85.3% 83.4% ------------------------------------------------------------------------- Weighted average interest rate on long-term debt 7.43% 7.53% ------------------------------------------------------------------------- (1) Pursuant to the requirements for hedge accounting under Canadian Institute of Chartered Accountants ("CICA") Handbook Section 3865, Hedges, on March 31, 2008, RCI accounted for 100% of its cross- currency interest rate exchange agreements as hedges against designated U.S. dollar-denominated debt. (2) Long-term debt includes the effect of the cross-currency interest rate exchange agreements. Composition of Fair Market Value Liability for Derivative Instruments ------------------------------------------------------------------------- March 31, December 31, (In millions of dollars) 2008 2007 ------------------------------------------------------------------------- Foreign exchange related $ 1,584 $ 1,719 Interest related 36 85 ------------------------- Total carrying value $ 1,620 $ 1,804 ------------------------------------------------------------------------- Outstanding Share Data

Set out below is our outstanding share data as at March 31, 2008. For additional information, refer to Note 19 to our 2007 Annual Audited Consolidated Financial Statements and to the Unaudited Interim Consolidated Financial Statements for the three months ended March 31, 2008.

------------------------------------------------------------------------- March 31, 2008 ------------------------------------------------------------------------- Common Shares(1) Class A Voting 112,462,014 Class B Non-Voting 527,062,209 ------------------------------------------------------------------------- Options to purchase Class B Non-Voting shares Outstanding options 17,393,719 Outstanding options exercisable 12,213,390 ------------------------------------------------------------------------- (1) Holders of our Class B Non-Voting shares are entitled to receive notice of and to attend meetings of our shareholders, but, except as required by law or as stipulated by stock exchanges, are not entitled to vote at such meetings. If an offer is made to purchase outstanding Class A Voting shares, there is no requirement under applicable law or RCI's constating documents that an offer be made for the outstanding Class B Non-Voting shares and there is no other protection available to shareholders under RCI's constating documents. If an offer is made to purchase both Class A Voting shares and Class B Non-Voting shares, the offer for the Class A Voting shares may be made on different terms than the offer to the holders of Class B Non-Voting shares. Dividends and Other Payments on Equity Securities

On November 1, 2007, we declared a quarterly dividend of $0.125 per share, adjusted for a two-for-one stock split, on each of the outstanding Class A Voting and Class B Non-Voting shares. This quarterly dividend totalling $80 million was paid on January 2, 2008 to shareholders of record on December 12, 2007.

On January 7, 2008, our Board of Directors approved an increase in the annual dividend from $0.50 to $1.00 per Class A Voting and Class B Non-Voting share effective with the next quarterly dividend. The new annual dividend of $1.00 per share is paid in quarterly amounts of $0.25 per each outstanding Class A Voting and Class B Non-Voting share. Such quarterly dividends are only payable as and when declared by our Board of Directors and there is no entitlement to any dividend prior thereto.

On February 21, 2008, we declared a quarterly dividend at the increased quarterly rate of $0.25 per share on each of the outstanding Class B Non-Voting shares and Class A Voting shares. This quarterly dividend totalling $160 million was paid on April 1, 2008 to shareholders of record on March 6, 2008.

COMMITMENTS AND CONTRACTUAL OBLIGATIONS

Our material obligations under firm contractual arrangements, including commitments for future payments under long-term debt arrangements, capital lease obligations and operating lease arrangements, are summarized in our 2007 Annual MD&A, and are further discussed in Notes 15, 23 and 24 of our 2007 Annual Audited Consolidated Financial Statements. There have been no significant changes to these material contractual obligations since December 31, 2007, except as follows:

- The Blue Jays signed two players to multi-year contracts totalling $80 million, ranging from four to six years; - The Buffalo Bills will play a series of ten games over a five-year period at the Rogers Centre in Toronto, beginning in August 2008, resulting in a commitment of $78 million of payments scheduled from 2008 through 2012; and - Changes to our bank credit facility balance previously discussed in the "Consolidated Liquidity and Capital Resources" section. GOVERNMENT REGULATION AND REGULATORY DEVELOPMENTS

The significant government regulations which impact our operations are summarized in our 2007 Annual MD&A. The significant changes to those regulations since December 31, 2007, are as follows:

Advanced Wireless Services ("AWS") Spectrum Auction

On February 27, 2008, Industry Canada issued Responses to Questions for Clarification on the AWS Policy and Licencing Frameworks, which answered questions about the AWS spectrum auction and about tower sharing and roaming obligations of licencees. This was followed on February 29, 2008 by conditions of licence which will impose those obligations on wireless carriers. The documents clarified that roaming must provide connectivity for digital voice and data services regardless of the spectrum band or underlying technology used. The policy does not require a host network carrier to provide a roamer with a service which that carrier does not provide to its own subscribers, nor to provide a roamer a service, or level of service, which the roamer's network carrier does not provide. The policy also does not require seamless communications hand-off between home and host networks.

Canadian Television Fund

On February 4, 2008, the CRTC held a hearing to examine the Canadian Television Fund. On February 14, 2008, Order in Council, P.C. 2008-289 was issued pursuant to Section 15 of the Broadcasting Act. The Order in Council requests that the CRTC make the recommendations, based on its findings from the February 4, 2008 hearing, to the federal government. The federal government will then decide what, if any, action to take. We expect the CRTC to issue its report by the end of May, 2008.

Channel m Television

On March 31, 2008, the CRTC issued Broadcasting Decision CRTC 2008-82 approving our acquisition of the Channel m television station in Vancouver.

Essential Facilities

On March 3, 2008, the CRTC released Telecom Decision CRTC 2008-17; Review of Regulatory Framework for Wholesale Services and Definition of Essential Service, completing the process initiated on November 9, 2006 by Telecom Public Notice CRTC 2006-14. The CRTC noted that the new framework was developed with a view to ensuring that existing and new competitors continue to have access to the services they need to compete, while at the same time providing incentives for innovation and investments in competing networks. The CRTC identified a number of high-speed wholesale services that should no longer be mandated. These non-essential services will be deregulated over the next three to five years to ensure a smooth transition to a reliance on market forces. Most low-speed services will continue to be mandated. Consequently, we will continue to gain regulated access to the incumbent local exchange carriers' facilities and services for its wireline business and residential circuit-switched and data services at current rates. The decision allows us to continue to pursue our competitive position in the telephony market while reconfiguring its facilities over a reasonable timeframe as certain services become deregulated. On April 1, 2008 an application for leave to appeal the decision to the Federal Court of Appeal was filed by Bell Canada and other carriers. We will oppose the leave application.

Commercial Radio Copyright Tariffs

On February 22, 2008, the Copyright Board reaffirmed the rates it set in 2005 for fees payable to the Society of Composers, Authors and Music Publishers of Canada ("SOCAN") and Neighbouring Rights Collective of Canada ("NRCC") for use of music from 2003 to 2007, in February 2008. In its reaffirmation of the SOCAN-NRCC decision the Copyright Board also granted the Canadian Association of Broadcasters' request for a consolidated tariff proceeding, which would set an overall valuation for the use of music by commercial radio, which would then be divided amongst the collectives.

UPDATES TO RISKS AND UNCERTAINTIES

Our significant risks and uncertainties are summarized in our 2007 Annual MD&A, which was current as of February 20, 2008. There were no significant changes since then to those risks and uncertainties.

KEY PERFORMANCE INDICATORS AND NON-GAAP MEASURES

We measure the success of our strategies using a number of key performance indicators that are defined and discussed in our 2007 Annual MD&A. These key performance indicators are not measurements under Canadian or U.S. GAAP, but we believe they allow us to appropriately measure our performance against our operating strategy as well as against the results of our peers and competitors. They include:

- Revenue, network revenue and ARPU; - Subscriber counts and subscriber churn; - Operating expenses and average monthly operating expense per wireless subscriber; - Sales and marketing costs (or cost of acquisition) per subscriber; - Adjusted operating profit; - Adjusted operating profit margin; and - Additions to PP&E.

See the "Supplementary Information" section for calculations of the Non-GAAP measures.

RELATED PARTY ARRANGEMENTS

We have entered into certain transactions with companies, the partners or senior officers of which are or have been Directors of our Company and/or its subsidiary companies. During the three months ended March 31, 2008 and 2007, total amounts paid to these related parties, directly or indirectly, were less than $0.5 million, respectively.

We have entered into certain transactions with our controlling shareholder and companies controlled by the controlling shareholder. These transactions are subject to formal agreements approved by the Audit Committee. Total amounts received from these related parties, during the three months ended March 31, 2008 and 2007, were less than $0.5 million, respectively.

These transactions are recorded at the exchange amount, being the amount agreed to by the related parties and are reviewed by the Audit Committee.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

In our 2007 Annual Audited Consolidated Financial Statements and Notes thereto, as well as in our 2007 Annual MD&A, we have identified the accounting policies and estimates that are critical to the understanding of our business operations and our results of operations. For the three months ended March 31, 2008, there are no changes to the critical accounting policies and estimates of Wireless, Cable and Media from those found in our 2007 Annual MD&A.

NEW ACCOUNTING STANDARDS Capital Disclosures

Effective January 1, 2008, we adopted the new recommendations of the Canadian Institute of Chartered Accountants ("CICA") Handbook Section 1535, Capital Disclosures ("CICA 1535"). CICA 1535 requires that an entity disclose information that enables users of its financial statements to evaluate an entity's objectives, policies and processes for managing capital, including disclosures of any externally imposed capital requirements and the consequences for non-compliance. These new disclosures are included in Note 9 to the Unaudited Interim Consolidated Financial Statements for the three months ended March 31, 2008 and 2007.

Financial Instruments

Effective January 1, 2008, we adopted the new recommendations of CICA Handbook Section 3862, Financial Instruments - Disclosures ("CICA 3862"), and Handbook Section 3863, Financial Instruments - Presentation ("CICA 3863").

CICA 3862 requires entities to provide disclosures in their financial statements that enables users to evaluate the significance of financial instruments on the entity's financial position and its performance and the nature and extent of risks arising from financial instruments to which the entity is exposed during the period and at the balance sheet date, and how the entity manages those risks.

CICA 3863 establish standards for presentation of financial instruments and non-financial derivatives. It deals with the classification of financial instruments, from the perspective of the issuer, between liabilities and equities, the classification of related interest, dividends, gains and losses, and circumstances in which financial assets and financial liabilities are offset.

The adoption of these standards did not have any impact on the classification and measurement of our financial instruments. The new disclosures pursuant to these new Handbook Sections are included in Note 10 to the Unaudited Interim Consolidated Financial Statements for the three months ended March 31, 2008 and 2007.

SEASONALITY

Our operating results are subject to seasonal fluctuations that materially impact quarter-to-quarter operating results, and thus one quarter's operating results are not necessarily indicative of a subsequent quarter's operating results.

Each of Wireless, Cable and Media has unique seasonal aspects to their businesses. For specific discussions of the seasonal trends affecting the Wireless, Cable and Media segments, please refer to our 2007 Annual MD&A.

2008 GUIDANCE

At this early point in the year we have no specific revisions to the 2008 annual financial and operating guidance ranges which we provided on January 7, 2008. See the section entitled "Caution Regarding Forward-Looking Statements, Risks and Assumptions" below.

SUPPLEMENTARY INFORMATION Calculations of Wireless Non-GAAP Measures ------------------------------------------------------------------------- Three months ended (In millions of dollars, subscribers in thousands, March 31, except ARPU figures and operating profit margin) 2008 2007 ------------------------------------------------------------------------- Postpaid ARPU (monthly) Postpaid (voice and data) revenue $ 1,294 $ 1,104 Divided by: average postpaid wireless voice and data subscribers 5,958 5,440 Divided by: 3 months for the quarter 3 3 ------------------------ $ 72.39 $ 67.64 ------------------------------------------------------------------------- Prepaid ARPU (monthly) Prepaid (voice and data) revenue $ 66 $ 61 Divided by: average prepaid subscribers 1,401 1,377 Divided by: 3 months for the quarter 3 3 ------------------------ $ 15.70 $ 14.76 ------------------------------------------------------------------------- Cost of acquisition per gross addition Total sales and marketing expenses $ 140 $ 140 Equipment margin loss (acquisition related) 35 27 ------------------------ $ 175 $ 167 ------------------------ ------------------------ Divided by: total gross wireless additions (postpaid, prepaid and one-way messaging) 427 432 ------------------------ $ 410 $ 386 ------------------------------------------------------------------------- Operating expense per average subscriber (monthly) Operating, general and administrative expenses $ 441 $ 366 Equipment margin loss (retention related) 42 55 ------------------------ $ 483 $ 421 ------------------------ ------------------------ Divided by: average total wireless subscribers 7,486 6,951 Divided by: 3 months for the quarter 3 3 ------------------------ $ 21.51 $ 20.20 ------------------------------------------------------------------------- Equipment margin loss Equipment sales $ 68 $ 62 Cost of equipment sales (145) (144) ------------------------ $ (77) $ (82) ------------------------ ------------------------ Acquisition related $ (35) $ (27) Retention related (42) (55) ------------------------ $ (77) $ (82) ------------------------ ------------------------ ------------------------------------------------------------------------- Adjusted operating profit margin Adjusted operating profit $ 705 $ 581 Divided by network revenue 1,363 1,169 ------------------------ Adjusted operating profit margin 51.7% 49.7% ------------------------------------------------------------------------- SUPPLEMENTARY INFORMATION Calculations of Cable Non-GAAP Measures ------------------------------------------------------------------------- Three months ended (In millions of dollars, subscribers in thousands, March 31, except ARPU figures and operating profit margin) 2008 2007 ------------------------------------------------------------------------- Core Cable ARPU Core Cable revenue $ 403 $ 373 Divided by: average basic cable subscribers 2,296 2,279 Divided by: 3 months for the quarter 3 3 ------------------------ $ 58.50 $ 54.56 ------------------------------------------------------------------------- Internet ARPU Internet revenue $ 166 $ 143 Divided by: average Internet (residential) subscribers 1,493 1,333 Divided by: 3 months for the quarter 3 3 ------------------------ $ 37.07 $ 35.75 ------------------------------------------------------------------------- Cable Operations adjusted operating profit margin: Adjusted operating profit $ 283 $ 234 Divided by revenue 695 620 ------------------------ Cable Operations adjusted operating profit margin 40.7% 37.7% ------------------------------------------------------------------------- RBS adjusted operating profit (loss) margin: Adjusted operating profit (loss) $ 17 $ (7) Divided by revenue 133 145 ------------------------ RBS adjusted operating profit (loss) margin 12.8% (4.8%) ------------------------------------------------------------------------- SUPPLEMENTARY INFORMATION Calculation of Adjusted Operating Profit, Net Income and Earnings Per Share ------------------------------------------------------------------------- Three months ended (In millions of dollars, number of March 31, shares outstanding in millions) 2008 2007 ------------------------------------------------------------------------- Operating profit $ 1,095 $ 798 Add (deduct): Stock-based compensation (recovery) expense (116) 15 Integration and restructuring expenses Cable 5 1 ------------------------ Adjusted operating profit $ 984 $ 814 ------------------------ ------------------------ Net income $ 344 $ 170 Add (deduct): Stock-based compensation (recovery) expense (116) 15 Integration and restructuring expenses Cable 5 1 Income tax impact 37 - ------------------------ Adjusted net income $ 270 $ 186 ------------------------ ------------------------ Basic earnings per share: Adjusted net income $ 270 $ 186 Divided by: weighted average number of shares outstanding 639 637 ------------------------ Adjusted basic earnings per share $ 0.42 $ 0.29 ------------------------ ------------------------ Diluted earnings per share: Adjusted net income $ 270 $ 186 Divided by: diluted weighted average number of shares outstanding 639 648 ------------------------ Adjusted diluted earnings per share $ 0.42 $ 0.29 ------------------------------------------------------------------------- SUPPLEMENTARY INFORMATION Rogers Communications Inc. 2008 2007 ----------------------------- ------------------------------------------- (In millions of dollars, except per share amounts) Q1 Q1 Q2 Q3 Q4 ----------------------------- ------------------------------------------- Income Statement Operating revenue Wireless $ 1,431 $ 1,231 $ 1,364 $ 1,442 $ 1,466 Cable 925 855 881 899 923 Media 307 266 348 339 364 Corporate and eliminations (54) (54) (66) (69) (66) ----------------------------- ------------------------------------------- 2,609 2,298 2,527 2,611 2,687 ----------------------------- ------------------------------------------- Operating profit before the undernoted Wireless 705 581 664 686 658 Cable 303 228 243 265 265 Media 2 19 45 46 63 Corporate and eliminations (26) (14) (22) (13) (29) ----------------------------- ------------------------------------------- 984 814 930 984 957 Stock option plan amendment(1) - (452) - - Stock-based compensation recovery (expense)(1) 116 (15) (32) (11) (4) Integration and restructuring expenses(2) (5) (1) (15) (5) (17) Adjustment for CRTC Part II fees decision(3) - - - 18 - Contract renegotiation fee(4) - - - - (52) ----------------------------- ------------------------------------------- Operating profit(5) 1,095 798 431 986 884 Depreciation and amortization 440 400 398 397 408 ----------------------------- ------------------------------------------- Operating income 655 398 33 589 476 Interest on long-term debt (138) (149) (152) (140) (138) Other income (expense) (3) 7 (24) (14) - Income tax reduction (expense) (170) (86) 87 (166) (84) ----------------------------- ------------------------------------------- Net income (loss) for the period $ 344 $ 170 $ (56) $ 269 $ 254 ----------------------------- ------------------------------------------- ----------------------------- ------------------------------------------- Net income (loss) per share: Basic $ 0.54 $ 0.27 $ (0.09) $ 0.42 $ 0.40 Diluted $ 0.54 $ 0.26 $ (0.09) $ 0.42 $ 0.40 Additions to PP&E(5) $ 321 $ 394 $ 381 $ 397 $ 624 ----------------------------- -------------------------------------------

Rogers Communications Inc.

CONTACT: Investment Community Contacts: Bruce M. Mann, (416) 935-3532,
bruce.mann@rci.rogers.com; Dan Coombes, (416) 935-3550,
dan.coombes@rci.rogers.com; Media Contacts: Corporate and Media - Jan Innes,
(416) 935-3525, jan.innes@rci.rogers.com; Wireless and Cable - Taanta Gupta,
(416) 935-4727, taanta.gupta@rci.rogers.com

Rogers Issues Statement on the Apple iPhone

TORONTO, April 29 /PRNewswire-FirstCall/ -- Ted Rogers, President and Chief Executive Officer of Rogers Communications Inc. today issued the following statement:

We're thrilled to announce that we have a deal with Apple to bring the iPhone to Canada later this year. We can't tell you any more about it right now, but stay tuned.

About Rogers Communications Inc.

Rogers Communications is a diversified Canadian communications and media company. We are engaged in wireless voice and data communications services through Wireless, Canada's largest wireless provider and the operator of the country's only Global System for Mobile Communications ("GSM") based network. Through Cable and Telecom we are one of Canada's largest providers of cable television, cable telephony and high-speed Internet access, and are also a full-service, facilities-based telecommunications alternative to the traditional telephone companies. Through Media, we are engaged in radio and television broadcasting, televised shopping, magazines and trade publications, and sports entertainment. We are publicly traded on the Toronto Stock Exchange (TSX: RCI.A and RCI.B), and on the New York Stock Exchange . For further information about the Rogers group of companies, please visit http://www.rogers.com/.

Rogers Wireless Inc.

CONTACT: Media Contact: Liz Hamilton, Rogers Wireless, W: (416) 935-8710,
Email: elizabeth.hamilton@rci.rogers.com

Global Crossing Announces Excess Cash Offer for Senior Secured Notes-- 10.75% Dollar-Denominated Senior Secured Notes due in 2014 ("Dollar Notes") -- CUSIP C37943S AB 6, ISIN US37943SAB60 and CUSIP G3922VAA1, ISIN USG3922VAA10-- 11.75% Pounds Sterling-Denominated Senior Secured Notes due in 2014 ("Sterling Notes") -- Common code: 022661345, ISIN: XS0226613452

LONDON, April 29 /PRNewswire-FirstCall/ -- Global Crossing (UK) Finance plc ("GCUK Finance"), a wholly owned subsidiary of Global Crossing , announced today that it has begun an excess cash offer with respect to its senior secured notes.

In accordance with the indenture governing its notes, GCUK Finance will offer to purchase for cash up to 1.213 million British pounds sterling in aggregate principal amount, including accrued interest (the "Excess Cash"), of its 10.75-percent U.S. dollar-denominated senior secured notes due in 2014 and its 11.75-percent British pounds sterling-denominated senior secured notes due in 2014. The notes are guaranteed by Global Crossing (UK) Telecommunications Limited ("GCUK"), GCUK Finance's immediate parent and the principal UK operating subsidiary of Global Crossing.

The offer is being made pursuant to the terms of the indenture governing the senior secured notes. The indenture requires GCUK Finance to make an offer to purchase the maximum principal amount of the senior secured notes possible using 50 percent of GCUK's excess operating cash flow for the period from December 23, 2004 to December 31, 2005 and for each twelve month period thereafter.

The excess cash offer will expire at 5:00 p.m. BST on May 29, 2008, unless extended. The terms and conditions of the offer are described in GCUK Finance's offer document dated April 29, 2008.

Notes that are properly tendered and accepted for purchase in accordance with the terms and conditions of the offer document will be purchased at a cash price equal to 100 percent of the outstanding principal amount of the notes tendered, together with any accrued and unpaid interest outstanding on the date of the purchase. If the aggregate principal amount of notes tendered exceeds the amount that can be purchased using the Excess Cash at a purchase price of 100 percent of the principal amount thereof plus accrued interest, notes will be accepted for purchase on a pro rata basis among tendering note holders based upon the amounts tendered. For purposes of determining the aggregate principal amount of the notes tendered in order to apply the pro rata calculation, the aggregate principal amount of the sterling-denominated notes tendered will be converted to dollars at the noon buying rate in the City of New York for cable transfers in pounds sterling as announced by the Federal Reserve Bank of New York for customs purposes on April 28, 2008.

Tenders may be validly withdrawn until 10:00 a.m. BST on June 3, 2008 or, if the offer period is extended, at 10:00 a.m. BST three business days after the expiration date for the offer.

For more information regarding the tendering of notes, please refer to the procedures described in the offer document under "Procedures for Tendering."

Copies of the offer document, and other information relating to this excess cash offer are available from The Bank of New York and The Bank of New York Mellon Corporation, as Tender Agents for the Sterling and Dollar Notes respectively; BNY Financial Services Plc, as Irish Tender Agent; The Bank of New York, as Irish Listing Agent; the custodian for The Depository Trust Company and the common depositary for Euroclear System and Clearstream Banking, societe anonyme.

ABOUT GLOBAL CROSSING UK TELECOMMUNICATIONS LTD.

Global Crossing UK Telecommunications Ltd. provides a full range of managed telecommunications services in a secure environment ideally suited for IP-based business applications. The company provides managed voice, data, Internet and e-commerce solutions to a strong and established commercial customer base, including more than 100 UK government departments, as well as systems integrators, rail sector customers and major corporate clients. In addition, Global Crossing UK provides carrier services to national and international communications service providers.

ABOUT GLOBAL CROSSING

Global Crossing provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects approximately 390 cities in more than 30 countries worldwide, and delivers services to approximately 690 cities in more than 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.

Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of data, voice and security products to approximately 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Its Professional Services and Managed Solutions provide VoIP, security and network consulting and management services to support its Global Crossing IP VPN service and Global Crossing VoIP services. Global Crossing was the first global communications provider with IPv6 natively deployed in both its private and public backbone networks.

Please visit http://www.globalcrossing.com/ or blogs.globalcrossing.com/ for more information about Global Crossing.

This press release contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties that could cause the actual results to differ materially, including: Failure to achieve expected synergies or operating results resulting from the acquisition of Fibernet or Impsat; Global Crossing's history of substantial operating losses and the fact that, in the near term, funds from operations will not satisfy cash requirements; legal and contractual restrictions on the inter-company transfer of funds by the company's subsidiaries; the company's ability to continue to connect its network to incumbent carriers' networks or maintain Internet peering arrangements on favorable terms; the consequences of any inadvertent violation of the company's Network Security Agreement with the U.S. Government; increased competition and pricing pressures resulting from technology advances and regulatory changes; competitive disadvantages relative to competitors with superior resources; political, legal and other risks due to the company's substantial international operations; potential weaknesses in internal controls of acquired businesses, and difficulties in integrating internal controls of those businesses with the company's own internal controls; the concentration of revenue in a limited number of customers, and the rights of such customers to terminate their contracts or to simply cease purchasing services thereunder; exposure to contingent liabilities; and other risks referenced from time to time in the company's and Impsat's filings with the Securities and Exchange Commission. Global Crossing undertakes no duty to update information contained in this press release or in other public disclosures at any time.

CONTACT GLOBAL CROSSING: Press Contact Becky Yeamans + 1 973 937 0155 PR@globalcrossing.com Analysts/Investors Contact Suzanne Lipton + 1 800 836 0342 glbc@globalcrossing.com IR/PR1

Global Crossing

CONTACT: Press, Becky Yeamans, +1-973-937-0155, PR@globalcrossing.com,
Analysts/Investors, Suzanne Lipton, 800-836-0342, glbc@globalcrossing.com,
both of Global Crossing

Web site: http://www.globalcrossing.com/

Global Crossing Announces Excess Cash Offer for Senior Secured Notes

LONDON, April 29 /PRNewswire/ --

-- 10.75% Dollar-Denominated Senior Secured Notes due in 2014 ("Dollar Notes") -- CUSIP C37943S AB 6, ISIN US37943SAB60 and CUSIP G3922VAA1, ISIN USG3922VAA10 -- 11.75% Pounds Sterling-Denominated Senior Secured Notes due in 2014 ("Sterling Notes") -- Common code: 022661345, ISIN: XS0226613452

Global Crossing (UK) Finance plc ("GCUK Finance"), a wholly owned subsidiary of Global Crossing (Nasdaq: GLBC), announced today that it has begun an excess cash offer with respect to its senior secured notes.

In accordance with the indenture governing its notes, GCUK Finance will offer to purchase for cash up to 1.213 million British pounds sterling in aggregate principal amount, including accrued interest (the "Excess Cash"), of its 10.75-percent U.S. dollar-denominated senior secured notes due in 2014 and its 11.75-percent British pounds sterling-denominated senior secured notes due in 2014. The notes are guaranteed by Global Crossing (UK) Telecommunications Limited ("GCUK"), GCUK Finance's immediate parent and the principal UK operating subsidiary of Global Crossing.

The offer is being made pursuant to the terms of the indenture governing the senior secured notes. The indenture requires GCUK Finance to make an offer to purchase the maximum principal amount of the senior secured notes possible using 50 percent of GCUK's excess operating cash flow for the period from December 23, 2004 to December 31, 2005 and for each twelve month period thereafter.

The excess cash offer will expire at 5:00 p.m. BST on May 29, 2008, unless extended. The terms and conditions of the offer are described in GCUK Finance's offer document dated April 29, 2008.

Notes that are properly tendered and accepted for purchase in accordance with the terms and conditions of the offer document will be purchased at a cash price equal to 100 percent of the outstanding principal amount of the notes tendered, together with any accrued and unpaid interest outstanding on the date of the purchase. If the aggregate principal amount of notes tendered exceeds the amount that can be purchased using the Excess Cash at a purchase price of 100 percent of the principal amount thereof plus accrued interest, notes will be accepted for purchase on a pro rata basis among tendering note holders based upon the amounts tendered. For purposes of determining the aggregate principal amount of the notes tendered in order to apply the pro rata calculation, the aggregate principal amount of the sterling-denominated notes tendered will be converted to dollars at the noon buying rate in the City of New York for cable transfers in pounds sterling as announced by the Federal Reserve Bank of New York for customs purposes on April 28, 2008.

Tenders may be validly withdrawn until 10:00 a.m. BST on June 3, 2008 or, if the offer period is extended, at 10:00 a.m. BST three business days after the expiration date for the offer.

For more information regarding the tendering of notes, please refer to the procedures described in the offer document under "Procedures for Tendering."

Copies of the offer document, and other information relating to this excess cash offer are available from The Bank of New York and The Bank of New York Mellon Corporation, as Tender Agents for the Sterling and Dollar Notes respectively; BNY Financial Services Plc, as Irish Tender Agent; The Bank of New York, as Irish Listing Agent; the custodian for The Depository Trust Company and the common depositary for Euroclear System and Clearstream Banking, societe anonyme.

ABOUT GLOBAL CROSSING UK TELECOMMUNICATIONS LTD.

Global Crossing UK Telecommunications Ltd. provides a full range of managed telecommunications services in a secure environment ideally suited for IP-based business applications. The company provides managed voice, data, Internet and e-commerce solutions to a strong and established commercial customer base, including more than 100 UK government departments, as well as systems integrators, rail sector customers and major corporate clients. In addition, Global Crossing UK provides carrier services to national and international communications service providers.

ABOUT GLOBAL CROSSING

Global Crossing (Nasdaq: GLBC) provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects approximately 390 cities in more than 30 countries worldwide, and delivers services to approximately 690 cities in more than 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.

Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of data, voice and security products to approximately 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Its Professional Services and Managed Solutions provide VoIP, security and network consulting and management services to support its Global Crossing IP VPN service and Global Crossing VoIP services. Global Crossing was the first global communications provider with IPv6 natively deployed in both its private and public backbone networks.

Please visit www.globalcrossing.com or blogs.globalcrossing.com/ for more information about Global Crossing.

This press release contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties that could cause the actual results to differ materially, including: Failure to achieve expected synergies or operating results resulting from the acquisition of Fibernet or Impsat; Global Crossing's history of substantial operating losses and the fact that, in the near term, funds from operations will not satisfy cash requirements; legal and contractual restrictions on the inter-company transfer of funds by the company's subsidiaries; the company's ability to continue to connect its network to incumbent carriers' networks or maintain Internet peering arrangements on favorable terms; the consequences of any inadvertent violation of the company's Network Security Agreement with the U.S. Government; increased competition and pricing pressures resulting from technology advances and regulatory changes; competitive disadvantages relative to competitors with superior resources; political, legal and other risks due to the company's substantial international operations; potential weaknesses in internal controls of acquired businesses, and difficulties in integrating internal controls of those businesses with the company's own internal controls; the concentration of revenue in a limited number of customers, and the rights of such customers to terminate their contracts or to simply cease purchasing services thereunder; exposure to contingent liabilities; and other risks referenced from time to time in the company's and Impsat's filings with the Securities and Exchange Commission. Global Crossing undertakes no duty to update information contained in this press release or in other public disclosures at any time.

CONTACT GLOBAL CROSSING: Press Contact Becky Yeamans +1-973-937-0155 PR@globalcrossing.com Analysts/Investors Contact Suzanne Lipton +1-800-836-0342 glbc@globalcrossing.com

IR/PR1

Web site: http://www.globalcrossing.com

Global Crossing

Press, Becky Yeamans, +1-973-937-0155, PR@globalcrossing.com, Analysts/Investors, Suzanne Lipton, +1-800-836-0342, glbc@globalcrossing.com, both of Global Crossing

Global Crossing Reports GCUK's Fourth Quarter and Full Year 2007 Results

LONDON, April 29 /PRNewswire/ --

Global Crossing (Nasdaq: GLBC), a leading global IP solutions provider, today announced fourth quarter and full year 2007 financial results for its subsidiary, Global Crossing (UK) Telecommunications Limited (GCUK).

Highlights

GCUK generated 76 million pounds in revenue for the fourth quarter, with adjusted gross margin at 70 percent of revenue and adjusted IFRS EBITDA of 22 million pounds. (Adjusted gross margin and adjusted IFRS EBITDA are non-GAAP metrics that are defined and reconciled below.) Cash provided by operations for the fourth quarter was 16 million pounds before payment of interest.

GCUK continued to add new customers and additional services to existing customer relationships. During the fourth quarter, the company announced a new contract with HM Revenue and Customs (HMRC) under which HMRC will employ Global Crossing's hosted IP telephony service for the operation of all its telephony service across the UK, supporting 85,000 users. HMRC is using the recently launched Global Crossing Unified Communications offering, which provides fully managed hosted IP telephony, collaboration and messaging solutions over a single, converged IP network. In addition, GCUK announced an extension to its Internet Protocol Virtual Private Network (IP VPN) for Superdrug. Following successful implementation of an IP VPN for 700 Superdrug stores, the company expanded the service to an additional 200 retail outlets.

"GCUK exited 2007 as a larger, stronger business than it was in 2006. The combination of Fibernet's assets and strong orders at the end of the year delivered revenue growth and improved margins at GCUK," said John Legere, Global Crossing's chief executive officer. "As enterprises continue shifting from legacy networks, demand for our IP-based solutions will drive GCUK and the rest of Global Crossing's business to even greater successes."

On December 28, 2006, GCUK acquired certain of the Fibernet group of companies from a subsidiary of Global Crossing Limited and began consolidating Fibernet's UK operations into its own operations; therefore, the impact of Fibernet on GCUK's operating results for the fourth quarter and full year 2006 was not significant.

Fourth Quarter Results

In the fourth quarter, GCUK generated revenue of 76 million pounds, compared with 73 million pounds in the third quarter of 2007 and 62 million pounds in the fourth quarter of 2006. The sequential increase in revenue was due to increased enterprise revenue with the addition of HMRC, as well as an increase in revenue from equipment sales. Year-over-year growth was primarily due to the inclusion of Fibernet into GCUK's operations.

Adjusted gross margin was 53 million pounds or 70 percent of revenue in the fourth quarter of 2007. This compares with 52 million pounds or 72 percent of revenue in the third quarter of 2007 and 42 million pounds or 68 percent of revenue in the fourth quarter of 2006. Excluding the third quarter benefit to cost of access arising from the reclassification of costs from cost of access to depreciation and amortization to align Fibernet's accounting policies with those of GCUK, adjusted gross margin as a percentage of revenue was flat on a sequential basis. Year-over-year growth in adjusted gross margin was due to the consolidation of Fibernet's UK operations into GCUK.

Cost of revenue, which includes cost of access, technical real estate, network and operations, third party maintenance and cost of equipment sales, was 45 million pounds for the quarter, compared with 44 million pounds in the third quarter of 2007 and 43 million pounds in the fourth quarter of 2006. The sequential increase in cost of revenue was primarily due to increases in cost of equipment sales and an increase in cost of access from the third quarter principally due to the benefit recorded in the third quarter described above. These increases were offset by a rebate in real estate, network and operations and lower third party maintenance costs. The year-over-year increase in cost of revenue was primarily due to the addition of Fibernet's UK operations, offset by lower equipment sales.

Sales, general and administrative expenses (SG&A) for GCUK were 8 million pounds in the fourth quarter, compared with 9 million pounds in the third quarter of 2007 and 9 million pounds in the fourth quarter of 2006. SG&A for the third quarter of 2007 included a restructuring charge of one million pounds related to vacating a Fibernet facility. Other expenses remained relatively flat in the fourth quarter resulting in a sequential improvement in SG&A. The year-over-year decrease in SG&A was primarily due to severance and other restructuring expense related to the acquisition of Fibernet in the fourth quarter of 2006, partially offset by higher SG&A costs due to the addition of Fibernet's UK operations.

GCUK's adjusted IFRS EBITDA for the fourth quarter was 22 million pounds, compared with 21 million pounds in the third quarter of 2007 and 19 million pounds in the fourth quarter of 2006. The fourth quarter of 2006 included an 8 million pound non-cash net gain arising from the acquisition of Fibernet. (See Table 2 notes for reference.)

The company's consolidated net loss applicable to common shareholders was 2 million pounds for the fourth quarter, compared with net profit of approximately one million pounds in the third quarter of 2007 and a net loss of 2 million pounds in the fourth quarter of 2006.

Full Year Results

GCUK generated 297 million pounds of revenue for 2007, 98 percent of which was generated from the "invest and grow" category - namely that part of the business focused on serving global enterprises and carrier customers excluding wholesale voice. This represents growth in total annual revenue of 56 million pounds, or 23 percent, compared with 2006. The growth in total annual revenue is primarily due to the addition of Fibernet's UK operations and to a lesser extent due to additional revenues from the new HMRC contract referenced above, a settlement with a certain customer, and additional revenues from new business within the carrier data channel, offset by continued attrition in the revenue base and by price reductions made available to some customers during the year.

In 2007, Camelot announced its intention to replace its existing service supplied by GCUK. As previously stated, Camelot's plans are to start migration of the network shortly. Although the precise impact on GCUK will depend on the details and timing of Camelot's actual network transition, the company has yet to see a revenue impact but expects revenue from Camelot to decline substantially through the third and fourth quarters of 2008 and the first quarter of 2009.

GCUK reported adjusted gross margin of 209 million pounds, or 70 percent, for 2007. This compares with 164 million pounds, or 68 percent of revenue, in 2006. The 45 million pounds year-over-year increase was primarily due to the addition of Fibernet's UK operations and associated savings in cost of access expense during the year.

Cost of revenue was 185 million pounds in 2007, or 62 percent of revenue, compared with 159 million pounds, or 66 percent of revenue, in 2006. The 26 million pound year-over-year increase was primarily due to the inclusion of Fibernet, an increase in cost of access due to greater enterprise and carrier sales volume, and an increase in cost of equipment sales.

SG&A expenses were 36 million pounds, or 12 percent of revenue in 2007, compared with 31 million pounds, or 13 percent of revenue, in 2006. The year-over-year increase was primarily due to the inclusion of Fibernet, increased salaries and sales commissions, retention and motivation grant expenses, and charges relating to Global Crossing's May 2007 restructuring plan.

GCUK reported 78 million pounds of adjusted IFRS EBITDA for 2007, compared with 62 million pounds of adjusted IFRS EBITDA for 2006.

The company's consolidated net loss applicable to common shareholders was 2 million pounds for 2007, compared with net income of 13 million pounds in 2006.

Cash Position

As of December 31, 2007, GCUK had 24 million pounds of cash and cash equivalents. Net cash provided from operating activities totaled less than half a million pounds after 16 million pounds of interest paid during the fourth quarter. After interest income of 2 million pounds and a use of 9 million pounds for capital expenditures and principal payments on capital leases, GCUK's net decrease in cash and cash equivalents in the fourth quarter was 6 million pounds.

Net cash provided from operating activities during 2007 totaled 14 million pounds after 34 million pounds of interest paid during the year. GCUK's net decrease in cash and cash equivalents was 16 million pounds for 2007 after capital expenditures of 40 million pounds including principal payments on capital leases.

Non-GAAP Financial Measures

Pursuant to the U.S. Securities and Exchange Commission's (SEC's) Regulation G, the attached tables include definitions of adjusted IFRS EBITDA and adjusted gross margin measures, as well as reconciliations of such measures to the most directly comparable financial measures calculated and presented in accordance with International Financial Reporting Standards (IFRS) as published by the International Accounting Standards Board (IASB).

International Financial Reporting Standards

GCUK's results reported here include audited consolidated financial results for the years ended December 31, 2007 and 2006; unaudited consolidated financial results for the three months ended December 31, 2007 and 2006; and audited consolidated balance sheets as of December 31, 2007 and 2006, in accordance with IFRS. GCUK's fourth quarter 2007 and 2006 results, as well as those for the full years 2007 and 2006, were included in Global Crossing's consolidated results previously reported on March 12, 2007, in accordance with U.S. Generally Accepted Accounting Principles (U.S. GAAP).

Conference Call

Management has scheduled a conference call for Tuesday, April 29, 2008, at 9:00 a.m. EDT/2:00 p.m. BST to discuss GCUK's financial results. The call may be accessed by dialing +1-212-676-4908 or +44-(0)-870-001-3132. Callers are advised to dial in 15 minutes prior to the 9:00 a.m. EDT start time. The call will also be Webcast at http://investors.globalcrossing.com/results.cfm.

A replay of the call will be available on Tuesday, April 29, 2008, beginning at 11:00 a.m. EDT/4:00 p.m. BST and will be accessible until Tuesday, May 6, 2008 at 11:00 a.m. EDT/4:00 p.m. BST. To access the replay, dial +1-402-977-9140 or +1-800-633-8284 and enter reservation number 21381571. UK callers may access the replay by dialing +44-(0)-870-00-3081 or +44-(0)-800-692-0831 and entering reservation number 21381571.

ABOUT GLOBAL CROSSING (UK) TELECOMMUNICATIONS LIMITED

Global Crossing (UK) Telecommunications Limited (GCUK) provides a wide range of managed telecommunications services in a secure environment ideally suited for IP-based business applications. The company provides managed voice, data, Internet and e-commerce solutions to a strong and established commercial customer base, including more than 100 UK government departments, as well as systems integrators, rail sector customers and major corporate clients. In addition, the company provides carrier services to national and international communications service providers.

ABOUT GLOBAL CROSSING

Global Crossing (Nasdaq: GLBC) provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects approximately 390 cities in more than 30 countries worldwide, and delivers services to approximately 690 cities in more than 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.

Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of data, voice and security products to approximately 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Its Professional Services and Managed Solutions provide VoIP, security and network consulting and management services to support its Global Crossing IP VPN service and Global Crossing VoIP services. Global Crossing was the first global communications provider with IPv6 natively deployed in both its private and public backbone networks.

Please visit www.globalcrossing.com or blogs.globalcrossing.com/ for more information about Global Crossing.

This press release contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties that could cause GCUK's actual results to differ materially, including: the level of competition in the marketplace; pricing pressures resulting from technology advances and regulatory changes; competitive disadvantages relative to competitors with superior resources; dependence on a number of key personnel; the concentration of revenue in a limited number of customers; customer contracts typically do not have firm commitments to purchase minimum levels of revenue or services; the reliance on a limited number of third party suppliers; a change of control could lead to the termination of many of the company's government contracts; insolvency could lead to termination of certain of the company's contracts; slower than anticipated adoption by customers of next generation products; risks relating to the operation, administration, maintenance and repair of our systems; terrorist attacks or other acts of violence or war that may adversely affect the financial markets and our business and operations; the accuracy of our real estate restructuring provision; the influence of the company's parent, and possible conflicts of interest of the parent or of certain of GCUK's directors and officers; the sharing of corporate and operational services with our parent; our ability to raise capital through financing activities; and other risks referenced from time to time in the company's filings with the Securities and Exchange Commission. The company undertakes no duty to update information contained in this press release or in other public disclosures at any time.

CONTACT GLOBAL CROSSING: Press Contact Becky Yeamans +1-973-937-0155 PR@globalcrossing.com Analysts/Investors Contacts Suzanne Lipton +1-800-836-0342 glbc@globalcrossing.com Gino Mathew Europe +1-973-937-0133 gino.mathew@globalcrossing.com

IR/PR1

Global Crossing (UK) Telecommunications Limited and Subsidiaries Table 1 Summary of Consolidated Revenues Results below are in pounds sterling in thousands. Three months ended Year ended December December December December 31, 2007 31, 2006 31, 2007 31, 2006 (unaudited) (unaudited) Revenues: Enterprise and carrier data 74,797 60,401 291,072 235,693 Wholesale voice 1,141 1,155 5,048 4,394 75,938 61,556 296,120 240,087 Global Crossing group companies 125 151 500 525 Consolidated revenues 76,063 61,707 296,620 240,612 On October 11, 2006, GC Acquisitions, a wholly-owned subsidiary of Global Crossing Limited and affiliate of Global Crossing (UK) Telecommunications Ltd. (GCUK), took control of Fibernet Group Plc (Fibernet), and since that date the results of Fibernet have been consolidated into Global Crossing's results. On December 28, 2006, GCUK acquired all of Fibernet's UK operations from GC Acquisitions. Accordingly, Fibernet's UK operation results are included in GCUK's 2006 results as of December 28, 2006. Global Crossing (UK) Telecommunications Limited and Subsidiaries Table 2 Consolidated Statements of Operations Results below are in pounds sterling in thousands. Three months ended Year ended December December December December 31, 2007 31, 2006 (1) 31, 2007 31, 2006 (1) IFRS in IFRS Reporting Format (unaudited) (unaudited) Revenue 76,063 61,707 296,620 240,612 Cost of sales (45,157) (40,295) (177,665) (147,481) Gross profit 30,906 21,412 118,955 93,131 Distribution costs (4,232) (2,822) (15,710) (10,385) Administrative expenses (14,969) (13,319) (69,468) (53,683) Net gain arising from acquisition of Fibernet - 7,755 - 7,755 Operating profit 11,705 13,026 33,777 36,818 Finance revenue 1,608 (20) 4,527 1,503 Finance charges (10,303) (4,327) (33,548) (16,191) Profit before tax 3,010 8,679 4,756 22,130 Tax (charge) benefit (4,646) (11,020) (6,297) (9,377) (Loss) profit for the period (1,636) (2,341) (1,541) 12,753 Three months ended Year ended IFRS in IFRS Reporting Format December December December December 31, 2007 31, 2006 (1) 31, 2007 31, 2006 (1) (unaudited) (unaudited) (unaudited) (unaudited) REVENUES 76,063 61,707 296,620 240,612 Cost of revenue (excluding depreciation and amortization shown separately below) Cost of access (22,727) (19,678) (87,973) (76,975) Real estate, network and operations (10,322) (9,543) (48,196) (38,461) Third party maintenance (4,121) (3,938) (17,923) (16,632) Cost of equipment sales (7,900) (9,701) (30,416) (26,779) Total cost of revenue (45,070) (42,860) (184,508) (158,847) Selling, general and administrative (8,424) (9,115) (35,983) (30,885) Depreciation and amortization (10,877) (6,387) (42,161) (24,551) Total operating expenses (64,371) (58,362) (262,652) (214,283) OPERATING INCOME 11,692 3,345 33,968 26,329 OTHER INCOME (EXPENSE) Interest expense, net (7,439) (7,828) (30,192) (26,740) Other income (expense), net (1,243) 12,112 980 21,491 INCOME BEFORE BENEFIT (PROVISION) FOR INCOME TAXES 3,010 7,629 4,756 21,080 (Provision) benefit for income taxes (4,646) (11,020) (6,297) (9,377) Extraordinary gain, net of tax - 1,050(1) - 1,050(1) NET (LOSS) INCOME (1,636) (2,341) (1,541) 12,753 Note: The classification differences between reporting under IFRS and U.S. GAAP are as follows: Cost of sales: Under IFRS, the company includes cost of access, third party maintenance, customer-specific costs and depreciation on network assets within cost of sales. Cost of revenue: Under U.S. GAAP, the company includes cost of access, real estate, network and operations, third party maintenance and cost of equipment sales within cost of revenue. Foreign currency gains/(losses): Under IFRS, the company includes foreign currency gains and losses within operating profit, except for those related to the senior secured notes, which are included in finance costs, and those related to loans to related parties, which are included in finance revenue. Under U.S. GAAP, all foreign exchange gains/(losses) are included in other income (expense), net. Net gain arising from acquisition of Fibernet: Under IFRS, the company includes the gain on settlement of contracts due to Fibernet acquisition (8,411 pounds), the gain on recognition of negative goodwill (1,050 pounds) and charges related to restructuring Fibernet's operations (1,706 pounds) in net gain arising from acquisition of Fibernet within operating profit. Under U.S. GAAP, the gain on settlement of contracts due to Fibernet acquisition is included in other income (expense), net; the gain on recognition of negative goodwill is recognized as an extraordinary gain, net of tax; and charges related to restructuring Fibernet's operations are included in sales, general and administrative expenses. (1) Initial accounting for the acquisition of Fibernet was determined only provisionally as at December 31, 2006. In accordance with IFRS 3, any adjustment to the provisional values as a result of completing the initial accounting requires adjustment of comparative financial statements. During the year ended December 31, 2007, an adjustment to increase the liabilities assumed in the acquisition was recorded which resulted in a change in the amount of negative goodwill and resulting gain recorded at the acquisition date. This adjustment has been reflected in the consolidated income statement for the year ended December 31, 2006. On October 11, 2006, GC Acquisitions, a wholly-owned subsidiary of Global Crossing Limited and affiliate of Global Crossing (UK) Telecommunications Ltd. (GCUK), took control of Fibernet Group Plc (Fibernet), and since that date the results of Fibernet have been consolidated into Global Crossing's results. On December 28, 2006, GCUK acquired all of Fibernet's UK operations from GC Acquisitions. Accordingly, Fibernet's UK operation results are included in GCUK's 2006 results as of December 28, 2006.

Global Crossing (UK) Telecommunications Limited and Subsidiaries Table 3 Consolidated Balance Sheets Results below are in pounds sterling in thousands. December 31, December 31, 2007 2006 (1) Non-current assets Intangible assets, net 13,351 14,241 Property, plant and equipment, net 185,719 182,556 Investment in associate 200 163 Retirement benefit asset 961 922 Trade and other receivables 28,511 33,130 Deferred tax asset - 5,262 228,742 236,274 Current assets Inventory - 1,112 Trade and other receivables 66,237 59,182 Cash and cash equivalents 23,954 40,309 90,191 100,603 Total assets 318,933 336,877 Current liabilities Trade and other payables (65,619) (77,581) Senior secured notes (1,158) - Deferred revenue (47,126) (49,587) Provisions (2,137) (3,266) Obligations under finance leases (11,945) (9,214) Other debt obligations (463) (167) Derivative financial instrument (1,048) (894) (129,496) (140,709) Non-current liabilities Trade and other payables (650) (647) Senior secured notes (247,788) (249,631) Deferred revenue (106,961) (108,881) Retirement benefit obligation (3,110) (2,808) Provisions (4,160) (5,243) Obligations under finance leases (20,242) (23,209) Other debt obligations (430) (232) Derivative financial instrument (1,048) (1,789) (384,389) (392,440) Total liabilities (513,885) (533,149) Net liabilities (194,952) (196,272) Capital and reserves Equity share capital 101 101 Capital reserve 27,648 25,368 Hedging reserve (2,035) (2,616) Accumulated deficit (220,666) (219,125) Total equity (194,952) (196,272) On October 11, 2006, GC Acquisitions, a wholly-owned subsidiary of Global Crossing Limited and affiliate of Global Crossing (UK) Telecommunications Ltd. (GCUK), took control of Fibernet Group Plc (Fibernet), and since that date the results of Fibernet have been consolidated into Global Crossing's results. On December 28, 2006, GCUK acquired all of Fibernet's UK operations from GC Acquisitions. Accordingly, Fibernet's UK operation results are included in GCUK's 2006 results as of December 28, 2006. (1) Initial accounting for the acquisition of Fibernet was determined only provisionally as at December 31, 2006. In accordance with IFRS 3, any adjustment to the provisional values as a result of completing the initial accounting requires adjustment of comparative financial statements. During the year ended December 31, 2007, an adjustment to increase the liabilities assumed in the acquisition was recorded which resulted in a change in the amount of negative goodwill and resulting gain recorded at the acquisition date. This adjustment has been reflected in the consolidated income statement for the year ended December 31, 2006 Global Crossing (UK) Telecommunications Limited and Subsidiaries Table 4 Consolidated Cash Flow Statements Results below are in pounds sterling in thousands. For the year ended December December 31, 2007 31, 2006(1) Operating activities Profit for the period (1,541) 12,753 Adjustments for: Finance costs, net 29,021 14,688 Income tax 6,297 9,377 Depreciation of property, plant and equipment 34,491 21,817 Amortization of intangible assets 2,883 1,120 Share based payment expense 2,280 217 Gain on settlement of contracts due to Fibernet acquisition - (8,411) Gain on recognition of negative goodwill - (1,050) Loss on disposal of property, plant and equipment 306 168 Equity pick up in associate (37) (159) Change in provisions (2,468) (6,582) Change in operating working capital (21,302) 8,805 Change in other assets and liabilities (1,934) 8,231 Cash generated from operations 47,996 60,974 Interest paid (33,543) (26,463) Net cash provided from operating activities 14,453 34,511 Investing activities Interest received 4,651 3,740 Proceeds from disposal of property, plant and equipment - 8 Purchase of property, plant and equipment (32,531) (20,435) Acquisition of subsidiary, net of cash acquired - (45,013) Net cash used in investing activities (27,880) (61,700) Financing activities Loans provided to group companies (2,500) (43,835) Loans repaid by group companies 6,100 16,114 Proceeds from debt obligations, net 774 514 Senior secured notes, net - 55,394 Proceeds from new finance leases 2,020 - Repayments of capital elements under finance leases (9,073) (5,421) Repayment of capital element of other debt obligations (249) (115) Net cash provided by financing activities (2,928) 22,651 Net increase (decrease) in cash and cash equivalents (16,355) (4,538) Cash and cash equivalents at beginning of period 40,309 44,847 Cash and cash equivalents at end of period 23,954 40,309 Non-cash investing activities: Capital lease and debt obligations incurred 10,994 5,072 On October 11, 2006, GC Acquisitions, a wholly-owned subsidiary of Global Crossing Limited and affiliate of Global Crossing (UK) Telecommunications Ltd. (GCUK), took control of Fibernet Group Plc (Fibernet), and since that date the results of Fibernet have been consolidated into Global Crossing's results. On December 28, 2006, GCUK acquired all of Fibernet's UK operations from GC Acquisitions. Accordingly, Fibernet's UK operation results are included in GCUK's 2006 results as of December 28, 2006. (1) Initial accounting for the acquisition of Fibernet was determined only provisionally as at December 31, 2006. In accordance with IFRS 3, any adjustment to the provisional values as a result of completing the initial accounting requires adjustment of comparative financial statements. During the year ended December 31, 2007, an adjustment to increase the liabilities assumed in the acquisition was recorded which resulted in a change in the amount of negative goodwill and resulting gain recorded at the acquisition date. This adjustment has been reflected in the consolidated income statement for the year ended December 31, 2006

Global Crossing (UK) Telecommunications Limited and Subsidiaries Table 5 Reconciliation of Adjusted IFRS EBITDA to Profit (Loss) for the Period (unaudited) Results below are in pounds sterling in thousands. Three months ended Year ended December December December December 31, 2007 31, 2006 (1) 31, 2007 31, 2006 (1) (unaudited) (unaudited) (unaudited) (unaudited) Adjusted IFRS EBITDA 22,424 19,372 78,218 61,586 Non-cash stock compensation 158 41 (2,280) (217) Depreciation and amortization (10,877) (6,387) (42,161) (24,551) Finance revenue 1,608 (20) 4,527 1,503 Finance costs (10,303) (4,327) (33,548) (16,191) Taxation (4,646) (11,020) (6,297) (9,377) (Loss) profit for period (1,636) (2,341) (1,541) 12,753 Consistent with the SEC's Regulation G, the foregoing table provides a reconciliation of adjusted IFRS EBITDA, which is considered a non-GAAP (Generally Accepted Accounting Principles) financial metric, to profit (loss) for the period, which is the most directly comparable IFRS measure. Management believes that adjusted IFRS EBITDA is a relevant indicator of operating performance, especially in a capital-intensive industry such as telecommunications. Adjusted IFRS EBITDA is an important aspect of the company's internal reporting and is also used by the investment community in assessing financial performance. This non-GAAP measure should be used in addition to, but not as a substitute for, the analysis provided in the consolidated statement of operations. Definition: Adjusted IFRS EBITDA consists of profit (loss) for the period before non-cash stock compensation, taxation, finance costs, finance revenue and depreciation and amortization expense recorded to cost of sales and administrative expenses. On October 11, 2006, GC Acquisitions, a wholly-owned subsidiary of Global Crossing Limited and affiliate of Global Crossing (UK) Telecommunications Ltd. (GCUK), took control of Fibernet Group Plc (Fibernet), and since that date the results of Fibernet have been consolidated into Global Crossing's results. On December 28, 2006, GCUK acquired all of Fibernet's UK operations from GC Acquisitions. Accordingly, Fibernet's UK operation results are included in GCUK's 2006 results as of December 28, 2006. (1) Initial accounting for the acquisition of Fibernet was determined only provisionally as at December 31, 2006. In accordance with IFRS 3, any adjustment to the provisional values as a result of completing the initial accounting requires adjustment of comparative financial statements. During the year ended December 31, 2007, an adjustment to increase the liabilities assumed in the acquisition was recorded which resulted in a change in the amount of negative goodwill and resulting gain recorded at the acquisition date. This adjustment has been reflected in the consolidated income statement for the year ended as at December 31, 2006. Global Crossing (UK) Telecommunications Limited and Subsidiaries Table 6 Reconciliation of Adjusted Gross Margin to Gross Profit (unaudited) Results below are in pounds sterling in thousands. Three months ended Year ended December December December December 31, 2007 31, 2006 31, 2007 31, 2006 (unaudited) (unaudited) (unaudited) (unaudited) Adjusted Gross Margin 53,336 42,029 208,647 163,637 Less: Customer-specific costs (8,426) (10,782) (33,880) (31,117) Third-party maintenance (4,121) (3,938) (17,923) (16,632) Depreciation & amortization (included within cost of sales) (9,883) (5,897) (37,889) (22,757) Gross Profit (IFRS) 30,906 21,412 118,955 93,131 Consistent with the SEC's Regulation G, the foregoing table provides a reconciliation of adjusted gross margin, which is considered a non-GAAP financial metric, to gross profit, which is the most directly comparable IFRS measure. Adjusted gross margin is provided to increase the comparability to the parent company's financial presentations, which include this metric. Definitions: Adjusted gross margin is revenue minus cost of access. Gross profit is revenue minus cost of access, customer-specific costs, third party maintenance and depreciation and amortization recorded to cost of sales. On October 11, 2006, GC Acquisitions, a wholly-owned subsidiary of Global Crossing Limited and affiliate of Global Crossing (UK) Telecommunications Ltd. (GCUK), took control of Fibernet Group Plc (Fibernet), and since that date the results of Fibernet have been consolidated into Global Crossing's results. On December 28, 2006, GCUK acquired all of Fibernet's UK operations from GC Acquisitions. Accordingly, Fibernet's UK operation results are included in GCUK's 2006 results as of December 28, 2006.

Web site: http://www.globalcrossing.com

Global Crossing

Press Contact, Becky Yeamans, +1-973-937-0155, PR@globalcrossing.com, or Analysts-Investors Contacts, Suzanne Lipton, +1-800-836-0342, glbc@globalcrossing.com, or Gino Mathew, Europe, +1-973-937-0133, gino.mathew@globalcrossing.com

Lancement du premier bouquet de television haute definition hongrois, Hello HD, sur le satellite EUROBIRD(TM) 9 d'Eutelsat

PARIS, April 29 /PRNewswire/ -- Hello HD, le premier bouquet hongrois de télévision en haute définition vient d'annoncer son lancement, le 1er mai, sur le satellite EUROBIRD(TM) 9 d'Eutelsat Communications (Euronext Paris: ETL). La capacité louée par Hello HD dans le cadre d'un contrat à long terme porte sur deux répéteurs entiers du satellite EUROBIRD(TM) 9. Sur cette capacité, Hello HD réunira dans son offre de lancement des programmes en haute définition de notoriété internationale comme Eurosport HD, National Geographic HD, Filmbox HD and HBO HD, associés à un choix de chaînes hongroises de qualité diffusées en définition standard.

Le bouquet Hello HD ne sera accessible que sur abonnement, utilisant le mode de cryptage Conax. Fabriqué par la société suisse Advanced Digital Broadcast, le décodeur permettra la réception des signaux DVB-S2 de télévision en direct, en haute définition et en définition standard, ainsi que l'enregistrement des programmes pour une consommation à temps choisi et le téléchargement de vidéo à la demande. Hello HD a en effet pour objectif de lancer, dans le quatrième trimestre 2008, une offre élargie de vidéos à la demande et autres services interactifs.

En choisissant le satellite EUROBIRD(TM) 9 d'Eutelsat, Hello HD donne en outre la possibilité à ses abonnés hongrois d'accéder aux programmes de télévision diffusés en clair à la position phare HOT BIRD(TM). En effet, le proche voisinage sur l'orbite géostationnaire des positions 9(degrees) et 13(degrees) Est permet de coupler la réception de leurs programmes respectifs sur une même antenne équipée d'une double tête.

A l'occasion de cette annonce, Andras Schmideg, Président de Hello HD, a déclaré : << Près de 5% des foyers hongrois sont aujourd'hui équipés d'écrans de télévision HD Ready et ce nombre ne cesse d'augmenter à un rythme soutenu. Le lancement de notre bouquet Hello HD s'inscrit directement dans le goût du public à accéder à des contenus de qualité restitués avec une haute fidélité des images et des sons qui enrichissent formidablement l'expérience audiovisuelle. La puissance et la couverture du satellite EUROBIRD(TM) 9 nous permettent immédiatement de servir l'ensemble des foyers hongrois dans des conditions de qualité et de fiabilité exceptionnelle. >>

Olivier Milliès Lacroix, Directeur Commercial d'Eutelsat a ajouté : << Le lancement du nouveau bouquet Hello HD sur notre flotte vient renforcer les relations étroites qui unissent depuis longtemps Eutelsat à la communauté audiovisuelle hongroise. Il témoigne également du dynamisme des marchés numériques de l'Europe centrale et des atouts de notre nouvelle position 9(degrees) Est pour accompagner la croissance continue du nombre de programmes et l'essor de la haute définition. L'arrivée du bouquet Hello HD portera à 40 le nombre de chaînes HD diffusées sur la flotte des satellites Eutelsat. >>

Hello HD appartient au groupe de médias Watchcable Corporation propriétaire du bouquet Minimax ainsi que de nombreuses autres chaînes de télévision en Europe.

- web site : http://www.hellohd.tv

A propos d'Eutelsat Communications

Eutelsat Communications (Euronext Paris : ETL, code ISIN : FR0010221234) est la société holding d'Eutelsat S.A. Avec des ressources en orbite sur 24 satellites offrant une couverture sur toute l'Europe, le Moyen-Orient, l'Afrique et l'Inde, et sur de larges zones de l'Asie et du continent américain, Eutelsat est l'un des trois premiers opérateurs mondiaux de satellites en terme de chiffre d'affaires. Au 31 décembre 2007, la flotte des satellites d'Eutelsat assure la diffusion de près de 3 000 chaînes de télévision et 1 100 stations de radio. Plus de 1 100 programmes de télévision sont diffusés par les satellites HOT BIRD(TM) à la position orbitale 13degrees Est vers une audience de plus de 120 millions de foyers en Europe, Moyen-Orient et Afrique du Nord. La flotte d'Eutelsat sert également une large gamme de services fixes et mobiles de télécommunication et de diffusion de données pour les réseaux vidéo professionnels et les réseaux d'entreprise, ainsi qu'un portefeuille d'applications de services haut débit pour les fournisseurs d'accès Internet, les collectivités locales ainsi que pour les transports routiers, maritimes et aériens. Filiale d'Eutelsat dédiée à l'exploitation de services IP sur les téléports d'Eutelsat en France et en Italie, Skylogic commercialise ses services en Europe, en Afrique, en Asie et sur le continent américain. Eutelsat, dont le siège est à Paris, regroupe 538 hommes et femmes issus de 27 pays.

http://www.eutelsat.com

Pour plus d'informations sur Hello HD: András Schmideg, CEO e-mail: andras.schmideg@hellohd.tv Contacts: Presse: Vanessa O'Connor, Tél. : +33-1-53-98-38-88, voconnor@eutelsat.fr ; Frédérique Gautier, Tél. : +33-1-53-98-38-88, fgautier@eutelsat.fr . Investisseurs: Gilles Janvier, Tél. : +33-1-53-98-35-30, investors@eutelsat-communications.com .

Eutelsat Communications

Pour plus d'informations sur Hello HD: András Schmideg, CEO e-mail: andras.schmideg@hellohd.tv Contacts: Presse: Vanessa O'Connor, Tél. : +33-1-53-98-38-88, voconnor@eutelsat.fr ; Frédérique Gautier, Tél. : +33-1-53-98-38-88, fgautier@eutelsat.fr . Investisseurs: Gilles Janvier, Tél. : +33-1-53-98-35-30, investors@eutelsat-communications.com .

Dice Holdings, Inc. Reports First Quarter 2008 Results- Revenues grew 30% to $39.6 million- Operating income increased 128% to $10.4 million- Income from continuing operations totaled $3.8 million, or $0.06 per diluted share, including the impact of a $2.3 million non-cash, pre-tax charge related to interest rate swap agreements- Net income totaled $4.3 million- Cash flow from operations grew 66% to $23.6 million- Adjusted EBITDA increased 43% to $16.8 million (See "Notes Regarding the Use of Non-GAAP Financial Measures")

NEW YORK, April 29 /PRNewswire-FirstCall/ -- Dice Holdings, Inc. , a leading provider of specialized career websites for professional communities, today reported financial results for the quarter ended March 31, 2008.

First Quarter Operating Results

Total revenues for the quarter ended March 31, 2008 increased 30% to $39.6 million versus $30.4 million in the comparable quarter of 2007. The increase was driven by strong performance at eFinancialCareers, as well as an increase in the number of recruitment package customers and growth in the average revenue per recruitment package customer at Dice.com.

Operating income for the quarter ended March 31, 2008 grew $5.8 million or 128% from the comparable quarter of 2007 to $10.4 million as a result of higher revenues, greater operating leverage at eFinancialCareers and Dice.com, and lower amortization expense of intangible assets.

Income from continuing operations for the quarter ended March 31, 2008 totaled $3.8 million including the impact of a $2.3 million non-cash, pre-tax charge related to the determination that the Company's two interest rate swap agreements did not initially qualify for hedge accounting. See "Recent Developments" for additional detail. Net income for the quarter ended March 31, 2008 totaled $4.3 million. Earnings per diluted share from continuing operations were $0.06 for the quarter ended March 31, 2008.

Net cash provided by operating activities for the quarter was $23.6 million compared with $14.2 million in the first quarter of 2007, an increase of 66%.

Adjusted EBITDA for the quarter ended March 31, 2008 was $16.8 million, compared with $11.8 million for the first quarter of 2007, an increase of 43%. See "Notes Regarding the Use of Non-GAAP Financial Measures."

Operating Segment Results

For the quarter ended March, 31 2008, DCS Online revenues were $27.1 million or 68% of Dice Holdings' consolidated revenues, representing a 16% increase over the comparable 2007 quarter. Growth was driven by a greater number of recruitment package customers and an increase in average revenue per recruitment package customer at Dice.com. A strong increase in revenue at ClearanceJobs also contributed. Within the segment, Dice.com represented a significant majority of total revenues for the period.

eFinancialCareers, which accounted for 25% of Dice Holdings' consolidated revenues in the first quarter of 2008, consists of the eFinancialCareers operations outside of North America. For the quarter ended March 31, 2008, eFinancialCareers revenues grew 90% to $9.8 million (or 77% after adding back the impact of deferred revenue written off in connection with the October 2006 acquisition of eFinancialCareers to the first quarter 2007 results). The growth was primarily driven by an increase in the number of clients eFinancialCareers serves, as well as an increase in yield per client. In addition, revenue growth was geographically widespread with each of eFinancialCareers' regions contributing.

The other businesses operated by Dice Holdings, which include the eFinancialCareers operations in North America, JobsintheMoney.com, and Targeted Job Fairs, are reported in the Other category. Other revenues grew 43% to $2.7 million (or 19% after adding back the impact of deferred revenue written off in connection with the October 2006 acquisition of eFinancialCareers to the first quarter 2007 results).

Balance Sheet

Deferred revenue at March 31, 2008 was $52.3 million compared to $42.1 million at March 31, 2007. The 24% increase was primarily attributable to serving a greater number of recruitment package customers at Dice together with a higher number of those customers under annual contract than at March 31, 2007. This also represented a 13% increase from the $46.2 million balance at December 31, 2007.

Net debt, defined as total debt less cash and cash equivalents, was $43.9 million at March 31, 2008, consisting of total debt of $122.0 million minus cash and cash equivalents of $78.1 million. This compares to a net debt balance of $66.7 million at December 31, 2007, consisting of total debt of $124.4 million minus cash and cash equivalents and marketable securities of $57.7 million.

Recent Developments

During the first quarter, the Company determined its two interest rate swap agreements covering $80 million notional amount of borrowings did not initially qualify for hedge accounting based on the Company's hedging policy and the timing of its effectiveness tests. On March 18, 2008, the Company amended its hedging policy and performed new effectiveness tests, which resulted in the interest rate swap agreements qualifying for hedge accounting treatment as of that date. A one-time non-cash charge of approximately $2.3 million was recorded reflecting the change in fair value of the two swap agreements from inception to March 18, 2008. Subsequently, the change in fair value was recorded to stockholders' equity.

Management Comments

Scot Melland, Chairman, President and Chief Executive Officer, stated "Our solid financial performance continued in the first quarter, led by eFinancialCareers which exceeded our expectations for both growth and profitability. Despite a more difficult environment as the quarter progressed, our combined U.S. businesses achieved 16% organic revenue growth as customers continued to use our services to recruit hard-to-find, highly skilled professionals." Mr. Melland continued, "It's an important time to reach job seekers in order to build the size, quality and loyalty of our professional communities. To that end, we will continue to invest, pursuing long-term global growth opportunities for our company."

Mike Durney, Senior Vice President, Finance and Chief Financial Officer, added, "Our first quarter operating results continue to be characterized by the two fundamental elements of our business model -- high levels of profitability and strong cash flow. Measured at the Adjusted EBITDA level, our operating margins were over 42% for the first quarter and we generated $23.6 million in cash flow from operations." Mr. Durney noted, "At Dice, we were able to continue to increase the number of annual recruitment package customers from year end. While we are impacted by the slowdown in the U.S., the strength of our overall model allows us to consistently reinvest in our businesses while generating significant amounts of cash."

Business Outlook

As of April 29, 2008, the Company anticipates the following financial performance for the quarter ending June 30, 2008 and full year 2008:

Quarter ending Fiscal Year June 30, 2008 2008 Total Revenue $40.0 - 40.5 mm $158 - 163 mm Estimated Contribution by Segment DCS Online $27.1 - 27.3 mm $106 - 108 mm eFinancialCareers $10.1 - 10.3 mm $41 - 43 mm Other $2.8 - 2.9 mm $11 - 12 mm Sales & Marketing expense $16.3 - 16.8 mm $60 - 62 mm Adjusted EBITDA $16.0 - 16.5 mm $66 - 70 mm Depreciation and amortization $5.1 - 5.2 mm $21 - 22 mm Non-cash stock compensation expense $1.4 - 1.5 mm $5 - 6 mm Interest expense, net $2.0 - 2.1 mm $9 - 10 mm Other expense - $2.3 mm Income taxes $2.8 - 3.0 mm $11 - 13 mm Income from continuing operations $4.0 - 4.7 mm $17 - 22 mm Adjusted EBITDA Margin 40 - 41% 42 - 43% Fully diluted share count 65 - 66 mm 66 - 68 mm Conference Call Information

The Company will host a conference call to discuss first quarter results today at 8:30 a.m. Eastern Time. Hosting the call will be Scot W. Melland, Chairman, President and Chief Executive Officer, and Michael P. Durney, Senior Vice President, Finance and Chief Financial Officer.

The conference call can be accessed live over the phone by dialing 866-825-1709 or for international callers by dialing 617-213-8060; the participant passcode is 31403244. A replay will be available two hours after the call and can be accessed by dialing 888-286-8010 or 617-801-6888 for international callers; the replay passcode is 30205766. The replay will be available until May 6, 2008. The call will also be webcast live from the Company's website at http://www.diceholdingsinc.com/ under the Investor Relations section.

About Dice Holdings, Inc.

Dice Holdings, Inc. is a leading provider of specialized career websites for professional communities, including technology and engineering, capital markets and financial services, accounting and finance, and security clearance. Our mission is to help our customers source and hire the most qualified professionals in select and highly skilled occupations, and to help those professionals find the best job opportunities in their respective fields and further their careers. For more than 17 years, we have built our company by providing our customers with quick and easy access to high-quality, unique professional communities and offering those communities access to highly relevant career opportunities and information. Today, we serve multiple markets in North America, Europe, the Middle East, Asia and Australia.

Notes Regarding the Use of Non-GAAP Financial Measures

Dice Holdings, Inc. (the "Company") has provided certain non-GAAP financial information as additional information for its operating results. These measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States ("GAAP") and may be different from non-GAAP measures reported by other companies. The Company believes that its presentation of non-GAAP measures, such as adjusted earnings before interest, taxes, depreciation, amortization, non-cash stock based compensation expense, non-cash impairment of intangible assets and add back of deferred revenue written off ("Adjusted EBITDA"), free cash flow and net debt, provides useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations. In addition, the Company's management uses these measures for reviewing the financial results of the Company and for budgeting and planning purposes.

Adjusted EBITDA

Adjusted EBITDA is a metric used by management to measure operating performance. Management uses Adjusted EBITDA as a performance measure for internal monitoring and planning, including preparation of annual budgets, analyzing investment decisions and evaluating profitability and performance comparisons between us and our competitors. The Company also uses this measure to calculate amounts of performance based compensation under the senior management incentive bonus program. Adjusted EBITDA, as defined in our Amended and Restated Credit Facility, represents net income (loss) before interest expense, interest income, income tax expense, depreciation and amortization, non-cash stock compensation expense, extraordinary or non-recurring non-cash charges or expenses, and to add back the deferred revenues written off in connection with the eFinancialCareers acquisition purchase accounting adjustments.

We consider Adjusted EBITDA, as defined above, to be an important indicator to investors because it provides information related to our ability to provide cash flows to meet future debt service, capital expenditures and working capital requirements and to fund future growth as well as to monitor compliance with financial covenants. We present Adjusted EBITDA as a supplemental performance measure because we believe that this measure provides our board of directors, management and investors with additional information to measure our performance, provide comparisons from period to period and company to company by excluding potential differences caused by variations in capital structures (affecting interest expense) and tax positions (such as the impact on periods or companies of changes in effective tax rates or net operating losses), and to estimate our value.

We present this discussion of Adjusted EBITDA because covenants in our Amended and Restated Credit Facility contain ratios based on this measure. Our Amended and Restated Credit Facility is material to us because it is one of our primary sources of liquidity. If our Adjusted EBITDA were to decline below certain levels, covenants in our Amended and Restated Credit Facility that are based on Adjusted EBITDA may be violated and could cause, among other things, an inability to incur further indebtedness and in certain circumstances a default or mandatory prepayment under our Amended and Restated Credit Facility.

Adjusted EBITDA is not a measurement of our financial performance under GAAP and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with GAAP or as an alternative to cash flow from operating activities as a measure of our profitability or liquidity.

Free Cash Flow

We define free cash flow as net cash provided by operating activities from continuing operations minus capital expenditures. We believe free cash flow is an important non-GAAP measure as it provides useful cash flow information regarding our ability to service, incur or pay down indebtedness or repurchase our common stock. We use free cash flow as a measure to reflect cash available to service our debt as well as to fund our expenditures. A limitation of using free cash flow versus the GAAP measure of net cash provided by operating activities is that free cash flow does not represent the total increase or decrease in the cash balance from operations for the period since it excludes cash used for capital expenditures during the period.

Net Debt

Net Debt is defined as total debt less cash and cash equivalents and marketable securities. We consider net debt to be an important measure of liquidity and an indicator of our ability to meet ongoing obligations. We also use net debt, among other measures, in evaluating our choices for capital deployment. Net Debt presented herein is a non-GAAP measure and may not be comparable to similarly titled measures used by other companies.

Forward-Looking Statements

This press release contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include information concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. These statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, competition from existing and future competitors, failure to maintain and develop our reputation and brand recognition, failure to increase or maintain the number of customers who purchase recruitment packages, cyclicality or downturns in the economy or industries we serve, and the failure to attract qualified professionals or grow the number of qualified professionals who use our websites. These factors and others are discussed in more detail in the Company's filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, under the headings "Risk Factors," "Forward-Looking Statements" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" all of which are available on the Investor Relations page of our website at http://www.diceholdingsinc.com/.

You should keep in mind that any forward-looking statement made by us herein, or elsewhere, speaks only as of the date on which we make it. New risks and uncertainties come up from time to time, and it is impossible for us to predict these events or how they may affect us. We have no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

DICE HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (in thousands except per share amounts) For the three months ended March 31, 2008 2007 Revenues $39,569 $30,389 Operating expenses: Cost of revenues 2,417 1,826 Product development 1,172 980 Sales and marketing 14,906 13,214 General and administrative 5,549 3,949 Depreciation 863 619 Amortization of intangible assets 4,242 5,228 Total operating expenses 29,149 25,816 Operating income 10,420 4,573 Interest expense (2,684) (2,347) Interest income 482 74 Other expense (2,266) - Income from continuing operations before income taxes 5,952 2,300 Income tax expense (benefit) 2,186 (907) Income from continuing operations 3,766 3,207 Discontinued operations: Income (loss) from discontinued operations 519 (949) Income tax benefit from discontinued operations - (5,619) Income from discontinued operations, net of tax 519 4,670 Net income 4,285 7,877 Convertible preferred stock dividends - (107,718) Income (loss) attributable to common stockholders $4,285 $(99,841) Basic and diluted earnings (loss) per share: From continuing operations $0.06 $(1,133.52) From discontinued operations 0.01 50.65 $0.07 $(1,082.87) Weighted average diluted shares outstanding 65,346 92 DICE HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (in thousands) For the three months ended March 31, 2008 2007 Cash flows provided by operating activities: Net income $4,285 $7,877 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 863 619 Amortization 4,242 5,228 Deferred income taxes 493 (7,386) Gain on sale of joint venture (611) - Amortization of deferred financing costs 208 151 Share based compensation 1,296 574 Loss on interest rate hedges 2,266 - Changes in operating assets and liabilities: Accounts receivable 1,040 1,072 Prepaid expenses and other assets (55) (840) Accounts payable and accrued expenses 2,015 (1,882) Income taxes payable 1,505 205 Deferred revenue 6,030 7,706 Other, net (6) 922 Net cash provided by operating activities 23,571 14,246 Cash flows used for investing activities: Purchases of fixed assets (756) (631) Maturities and sales of marketable securities 100 - Other, net - (15) Net cash used for investing activities (656) (646) Cash flows used for financing activities: Proceeds from long-term debt - 113,000 Payments on long-term debt (2,400) (11,000) Dividends paid on convertible preferred stock - (107,718) Dividends paid on common stock - (180) Payments to holders of vested stock options - (4,602) Financing costs paid - (2,239) Payment of costs related to initial public offering (354) - Proceeds from stock option exercises 3 - Net cash used for financing activities (2,751) (12,739) Net cash used for operating activities of discontinued operations (409) 718 Net cash used for investing activities of discontinued operations - (6) Net cash used for discontinued operations (409) 712 Effect of exchange rate changes 793 20 Net change in cash and cash equivalents for the period 20,548 1,593 Cash and cash equivalents, beginning of period 57,525 5,684 Cash and cash equivalents, end of period $78,073 $7,277 DICE HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (in thousands) ASSETS March 31, December 31, 2008 2007 Current assets Cash and cash equivalents $78,073 $57,525 Marketable securities 50 150 Accounts receivable, net of allowance for doubtful accounts of $1,727 and $1,631 18,076 19,112 Deferred income taxes - current 11,737 13,750 Prepaid and other current assets 2,532 2,582 Current assets of discontinued operations - 195 Total current assets 110,468 93,314 Fixed assets, net 5,760 5,768 Acquired intangible assets, net 74,334 78,572 Goodwill 159,808 159,773 Deferred financing costs, net of accumulated amortization of $1,460 and $1,252 3,333 3,541 Other assets 449 484 Non-current assets of discontinued operations - 135 Total assets $354,152 $341,587 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and accrued expenses $13,732 $11,971 Deferred revenue 52,269 46,230 Current portion of long-term debt 750 2,850 Income taxes payable 5,066 3,697 Current liabilities of discontinued operations - 1,404 Total current liabilities 71,817 66,152 Long-term debt 121,250 121,550 Deferred income taxes - non- current 25,043 26,256 Interest rate hedge liability 2,156 - Other long-term liabilities 6,995 7,002 Total liabilities 227,261 220,960 Total stockholders' equity 126,891 120,627 Total liabilities and stockholders' equity $354,152 $341,587 Supplemental Information and Non-GAAP Reconciliations

On the pages that follow, the Company has provided certain supplemental information that we believe will assist the reader in assessing our business operations and performance, including certain non-GAAP financial information and required reconciliations to the most comparable GAAP measure. Historical results for each quarter of 2006 and 2007 can be found at our website http://www.diceholdingsinc.com/ under the Investor Relations section. Supplemental schedules provided include:

Quarterly Adjusted EBITDA Reconciliation

A reconciliation of Adjusted EBITDA for the quarter ended March 31, 2007 and 2008 is provided. This information provides the reader with the information we believe is necessary to analyze the Company.

Quarterly Supplemental Data and Certain Non-GAAP Reconciliations

On this schedule, the Company provides certain non-GAAP information for the quarter ended March 31, 2007 and 2008 that we believe is useful to understanding the business operations of the Company, namely, Adjusted Revenues By Segment, which reflects historical revenues adjusted for the addition of deferred revenue that was previously written off as part of purchase accounting adjustments related to the eFinancialCareers acquisition.

DICE HOLDINGS, INC. QUARTERLY ADJUSTED EBITDA RECONCILIATIONS (Unaudited) (in thousands) For the three months ended March 31, 2008 2007 Reconciliation of Net Income to Adjusted EBITDA: Net income $4,285 $7,877 Discontinued operations (519) (4,670) Interest income (482) (74) Interest expense 2,684 2,347 Income tax expense (benefit) 2,186 (907) Depreciation 863 619 Amortization of intangible assets 4,242 5,228 Non-cash stock compensation expense 1,296 574 Other expense 2,266 - Deferred revenue adjustment - 758 Adjusted EBITDA $16,821 $11,752 Reconciliation of Operating Cash Flows to Adjusted EBITDA: Net cash provided by operating activities $23,571 $14,246 Interest expense 2,684 2,347 Interest income (482) (74) Income tax expense (benefit) 2,186 (907) Deferred income taxes (493) 7,386 Change in accounts receivable (1,040) (1,072) Change in deferred revenue (6,030) (7,706) Changes in working capital (3,459) 1,596 Adjustments for discontinued operations (116) (4,822) Deferred revenue adjustment - 758 Adjusted EBITDA $16,821 $11,752 DICE HOLDINGS, INC. NON-GAAP RECONCILIATIONS AND QUARTERLY SUPPLEMENTAL DATA (Unaudited) (dollars in thousands except per customer data) Q1 2008 Q1 2007 Reconciliation of GAAP Reported Revenue by Segment to Adjusted Revenue by Segment DCS Online: Reported Actual $27,075 $23,350 DCS Online 27,075 23,350 eFinancialCareers: Reported Actual 9,781 5,145 Deferred Revenue Adjustment (1) - 379 eFinancialCareers 9,781 5,524 Other: Reported Actual 2,713 1,894 Deferred Revenue Adjustment (1) - 379 Other 2,713 2,273 Consolidated: Reported Actual $39,569 $30,389 Deferred Revenue Adjustment (1) - 758 Total Adjusted Revenue $39,569 $31,147 Percentage of Adjusted Revenue by Segment DCS Online 68.4% 75.0% eFinancialCareers 24.7% 17.7% Other 6.9% 7.3% 100.0% 100.0% Sales and Marketing Expense $14,906 $13,214 Sales and Marketing Expense as a Percentage of: Actual Revenue 37.7% 43.5% Adjusted Revenue 37.7% 42.4% Adjusted EBITDA $16,821 $11,752 Adjusted EBITDA Margin 42.5% 37.7% Dice.com Recruitment Package Customers Beginning of period 8,700 7,600 End of period 9,150 8,500 Dice.com Average Monthly Revenue per Recruitment Package Customer (2) $859 $826 Deferred Revenue $52,269 $42,114 Segment Definitions: DCS Online: Dice.com and ClearanceJobs.com eFinancialCareers: eFinancialCareers worldwide, excluding North America Other: eFinancialCareers (North America), Targeted Job Fairs, JobsintheMoney.com (1) Deferred revenue adjustments are related to deferred revenue written off in application of purchase accounting. See discussion at "Supplemental Information and Non-GAAP Reconciliations." (2) Reflects simple average of three months in each quarterly period.

Dice Holdings, Inc.

CONTACT: Jennifer Bewley, Director, Investor Relations, Dice Holdings,
Inc., +1-212-448-4181, IR@dice.com; or Media Relations, Rich Layne,
+1-646-277-1219 or Stephanie Sampiere, +1-646-277-1222, both of ICR Inc. for
Dice Holdings, Inc.

Web site: http://www.diceholdingsinc.com/

Global Crossing Reports GCUK's Fourth Quarter and Full Year 2007 Results

LONDON, April 29 /PRNewswire-FirstCall/ -- Global Crossing , a leading global IP solutions provider, today announced fourth quarter and full year 2007 financial results for its subsidiary, Global Crossing (UK) Telecommunications Limited (GCUK).

Highlights

GCUK generated 76 million pounds in revenue for the fourth quarter, with adjusted gross margin at 70 percent of revenue and adjusted IFRS EBITDA of 22 million pounds. (Adjusted gross margin and adjusted IFRS EBITDA are non-GAAP metrics that are defined and reconciled below.) Cash provided by operations for the fourth quarter was 16 million pounds before payment of interest.

GCUK continued to add new customers and additional services to existing customer relationships. During the fourth quarter, the company announced a new contract with HM Revenue and Customs (HMRC) under which HMRC will employ Global Crossing's hosted IP telephony service for the operation of all its telephony service across the UK, supporting 85,000 users. HMRC is using the recently launched Global Crossing Unified Communications offering, which provides fully managed hosted IP telephony, collaboration and messaging solutions over a single, converged IP network. In addition, GCUK announced an extension to its Internet Protocol Virtual Private Network (IP VPN) for Superdrug. Following successful implementation of an IP VPN for 700 Superdrug stores, the company expanded the service to an additional 200 retail outlets.

"GCUK exited 2007 as a larger, stronger business than it was in 2006. The combination of Fibernet's assets and strong orders at the end of the year delivered revenue growth and improved margins at GCUK," said John Legere, Global Crossing's chief executive officer. "As enterprises continue shifting from legacy networks, demand for our IP-based solutions will drive GCUK and the rest of Global Crossing's business to even greater successes."

On December 28, 2006, GCUK acquired certain of the Fibernet group of companies from a subsidiary of Global Crossing Limited and began consolidating Fibernet's UK operations into its own operations; therefore, the impact of Fibernet on GCUK's operating results for the fourth quarter and full year 2006 was not significant.

Fourth Quarter Results

In the fourth quarter, GCUK generated revenue of 76 million pounds, compared with 73 million pounds in the third quarter of 2007 and 62 million pounds in the fourth quarter of 2006. The sequential increase in revenue was due to increased enterprise revenue with the addition of HMRC, as well as an increase in revenue from equipment sales. Year-over-year growth was primarily due to the inclusion of Fibernet into GCUK's operations.

Adjusted gross margin was 53 million pounds or 70 percent of revenue in the fourth quarter of 2007. This compares with 52 million pounds or 72 percent of revenue in the third quarter of 2007 and 42 million pounds or 68 percent of revenue in the fourth quarter of 2006. Excluding the third quarter benefit to cost of access arising from the reclassification of costs from cost of access to depreciation and amortization to align Fibernet's accounting policies with those of GCUK, adjusted gross margin as a percentage of revenue was flat on a sequential basis. Year-over-year growth in adjusted gross margin was due to the consolidation of Fibernet's UK operations into GCUK.

Cost of revenue, which includes cost of access, technical real estate, network and operations, third party maintenance and cost of equipment sales, was 45 million pounds for the quarter, compared with 44 million pounds in the third quarter of 2007 and 43 million pounds in the fourth quarter of 2006. The sequential increase in cost of revenue was primarily due to increases in cost of equipment sales and an increase in cost of access from the third quarter principally due to the benefit recorded in the third quarter described above. These increases were offset by a rebate in real estate, network and operations and lower third party maintenance costs. The year-over-year increase in cost of revenue was primarily due to the addition of Fibernet's UK operations, offset by lower equipment sales.

Sales, general and administrative expenses (SG&A) for GCUK were 8 million pounds in the fourth quarter, compared with 9 million pounds in the third quarter of 2007 and 9 million pounds in the fourth quarter of 2006. SG&A for the third quarter of 2007 included a restructuring charge of one million pounds related to vacating a Fibernet facility. Other expenses remained relatively flat in the fourth quarter resulting in a sequential improvement in SG&A. The year-over-year decrease in SG&A was primarily due to severance and other restructuring expense related to the acquisition of Fibernet in the fourth quarter of 2006, partially offset by higher SG&A costs due to the addition of Fibernet's UK operations.

GCUK's adjusted IFRS EBITDA for the fourth quarter was 22 million pounds, compared with 21 million pounds in the third quarter of 2007 and 19 million pounds in the fourth quarter of 2006. The fourth quarter of 2006 included an 8 million pound non-cash net gain arising from the acquisition of Fibernet. (See Table 2 notes for reference.)

The company's consolidated net loss applicable to common shareholders was 2 million pounds for the fourth quarter, compared with net profit of approximately one million pounds in the third quarter of 2007 and a net loss of 2 million pounds in the fourth quarter of 2006.

Full Year Results

GCUK generated 297 million pounds of revenue for 2007, 98 percent of which was generated from the "invest and grow" category - namely that part of the business focused on serving global enterprises and carrier customers excluding wholesale voice. This represents growth in total annual revenue of 56 million pounds, or 23 percent, compared with 2006. The growth in total annual revenue is primarily due to the addition of Fibernet's UK operations and to a lesser extent due to additional revenues from the new HMRC contract referenced above, a settlement with a certain customer, and additional revenues from new business within the carrier data channel, offset by continued attrition in the revenue base and by price reductions made available to some customers during the year.

In 2007, Camelot announced its intention to replace its existing service supplied by GCUK. As previously stated, Camelot's plans are to start migration of the network shortly. Although the precise impact on GCUK will depend on the details and timing of Camelot's actual network transition, the company has yet to see a revenue impact but expects revenue from Camelot to decline substantially through the third and fourth quarters of 2008 and the first quarter of 2009.

GCUK reported adjusted gross margin of 209 million pounds, or 70 percent, for 2007. This compares with 164 million pounds, or 68 percent of revenue, in 2006. The 45 million pounds year-over-year increase was primarily due to the addition of Fibernet's UK operations and associated savings in cost of access expense during the year.

Cost of revenue was 185 million pounds in 2007, or 62 percent of revenue, compared with 159 million pounds, or 66 percent of revenue, in 2006. The 26 million pound year-over-year increase was primarily due to the inclusion of Fibernet, an increase in cost of access due to greater enterprise and carrier sales volume, and an increase in cost of equipment sales.

SG&A expenses were 36 million pounds, or 12 percent of revenue in 2007, compared with 31 million pounds, or 13 percent of revenue, in 2006. The year- over-year increase was primarily due to the inclusion of Fibernet, increased salaries and sales commissions, retention and motivation grant expenses, and charges relating to Global Crossing's May 2007 restructuring plan.

GCUK reported 78 million pounds of adjusted IFRS EBITDA for 2007, compared with 62 million pounds of adjusted IFRS EBITDA for 2006.

The company's consolidated net loss applicable to common shareholders was 2 million pounds for 2007, compared with net income of 13 million pounds in 2006.

Cash Position

As of December 31, 2007, GCUK had 24 million pounds of cash and cash equivalents. Net cash provided from operating activities totaled less than half a million pounds after 16 million pounds of interest paid during the fourth quarter. After interest income of 2 million pounds and a use of 9 million pounds for capital expenditures and principal payments on capital leases, GCUK's net decrease in cash and cash equivalents in the fourth quarter was 6 million pounds.

Net cash provided from operating activities during 2007 totaled 14 million pounds after 34 million pounds of interest paid during the year. GCUK's net decrease in cash and cash equivalents was 16 million pounds for 2007 after capital expenditures of 40 million pounds including principal payments on capital leases.

Non-GAAP Financial Measures

Pursuant to the U.S. Securities and Exchange Commission's (SEC's) Regulation G, the attached tables include definitions of adjusted IFRS EBITDA and adjusted gross margin measures, as well as reconciliations of such measures to the most directly comparable financial measures calculated and presented in accordance with International Financial Reporting Standards (IFRS) as published by the International Accounting Standards Board (IASB).

International Financial Reporting Standards

GCUK's results reported here include audited consolidated financial results for the years ended December 31, 2007 and 2006; unaudited consolidated financial results for the three months ended December 31, 2007 and 2006; and audited consolidated balance sheets as of December 31, 2007 and 2006, in accordance with IFRS. GCUK's fourth quarter 2007 and 2006 results, as well as those for the full years 2007 and 2006, were included in Global Crossing's consolidated results previously reported on March 12, 2007, in accordance with U.S. Generally Accepted Accounting Principles (U.S. GAAP).

Conference Call

Management has scheduled a conference call for Tuesday, April 29, 2008, at 9:00 a.m. EDT/2:00 p.m. BST to discuss GCUK's financial results. The call may be accessed by dialing +1 212 676 4908 or +44 (0) 870 001 3132. Callers are advised to dial in 15 minutes prior to the 9:00 a.m. EDT start time. The call will also be Webcast at http://investors.globalcrossing.com/results.cfm.

A replay of the call will be available on Tuesday, April 29, 2008, beginning at 11:00 a.m. EDT/4:00 p.m. BST and will be accessible until Tuesday, May 6, 2008 at 11:00 a.m. EDT/4:00 p.m. BST. To access the replay, dial +1 402 977 9140 or +1 800 633 8284 and enter reservation number 21381571. UK callers may access the replay by dialing +44 (0) 870 000 3081 or +44 (0) 800 692 0831 and entering reservation number 21381571.

ABOUT GLOBAL CROSSING (UK) TELECOMMUNICATIONS LIMITED

Global Crossing (UK) Telecommunications Limited (GCUK) provides a wide range of managed telecommunications services in a secure environment ideally suited for IP-based business applications. The company provides managed voice, data, Internet and e-commerce solutions to a strong and established commercial customer base, including more than 100 UK government departments, as well as systems integrators, rail sector customers and major corporate clients. In addition, the company provides carrier services to national and international communications service providers.

ABOUT GLOBAL CROSSING

Global Crossing provides telecommunications solutions over the world's first integrated global IP-based network. Its core network connects approximately 390 cities in more than 30 countries worldwide, and delivers services to approximately 690 cities in more than 60 countries and 6 continents around the globe. The company's global sales and support model matches the network footprint and, like the network, delivers a consistent customer experience worldwide.

Global Crossing IP services are global in scale, linking the world's enterprises, governments and carriers with customers, employees and partners worldwide in a secure environment that is ideally suited for IP-based business applications, allowing e-commerce to thrive. The company offers a full range of data, voice and security products to approximately 40 percent of the Fortune 500, as well as 700 carriers, mobile operators and ISPs. Its Professional Services and Managed Solutions provide VoIP, security and network consulting and management services to support its Global Crossing IP VPN service and Global Crossing VoIP services. Global Crossing was the first global communications provider with IPv6 natively deployed in both its private and public backbone networks.

Please visit http://www.globalcrossing.com/ or blogs.globalcrossing.com/ for more information about Global Crossing.

This press release contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties that could cause GCUK's actual results to differ materially, including: the level of competition in the marketplace; pricing pressures resulting from technology advances and regulatory changes; competitive disadvantages relative to competitors with superior resources; dependence on a number of key personnel; the concentration of revenue in a limited number of customers; customer contracts typically do not have firm commitments to purchase minimum levels of revenue or services; the reliance on a limited number of third party suppliers; a change of control could lead to the termination of many of the company's government contracts; insolvency could lead to termination of certain of the company's contracts; slower than anticipated adoption by customers of next generation products; risks relating to the operation, administration, maintenance and repair of our systems; terrorist attacks or other acts of violence or war that may adversely affect the financial markets and our business and operations; the accuracy of our real estate restructuring provision; the influence of the company's parent, and possible conflicts of interest of the parent or of certain of GCUK's directors and officers; the sharing of corporate and operational services with our parent; our ability to raise capital through financing activities; and other risks referenced from time to time in the company's filings with the Securities and Exchange Commission. The company undertakes no duty to update information contained in this press release or in other public disclosures at any time.

CONTACT GLOBAL CROSSING: Press Contact Becky Yeamans + 1 973 937 0155 PR@globalcrossing.com Analysts/Investors Contacts Suzanne Lipton + 1 800 836 0342 glbc@globalcrossing.com Gino Mathew Europe + 1 973 937 0133 gino.mathew@globalcrossing.com IR/PR1 Global Crossing (UK) Telecommunications Limited and Subsidiaries Table 1 Summary of Consolidated Revenues Results below are in pounds sterling in thousands. Three months ended Year ended December December December December 31, 2007 31, 2006 31, 2007 31, 2006 (unaudited)(unaudited) Revenues: Enterprise and carrier data 74,797 60,401 291,072 235,693 Wholesale voice 1,141 1,155 5,048 4,394 75,938 61,556 296,120 240,087 Global Crossing group companies 125 151 500 525 Consolidated revenues 76,063 61,707 296,620 240,612 On October 11, 2006, GC Acquisitions, a wholly-owned subsidiary of Global Crossing Limited and affiliate of Global Crossing (UK) Telecommunications Ltd. (GCUK), took control of Fibernet Group Plc (Fibernet), and since that date the results of Fibernet have been consolidated into Global Crossing's results. On December 28, 2006, GCUK acquired all of Fibernet's UK operations from GC Acquisitions. Accordingly, Fibernet's UK operation results are included in GCUK's 2006 results as of December 28, 2006. Global Crossing (UK) Telecommunications Limited and Subsidiaries Table 2 Consolidated Statements of Operations Results below are in pounds sterling in thousands. Three months ended Year ended December December December December 31, 2007 31, 2006 (1) 31, 2007 31, 2006 (1) IFRS in IFRS Reporting Format (unaudited) (unaudited) Revenue 76,063 61,707 296,620 240,612 Cost of sales (45,157) (40,295) (177,665) (147,481) Gross profit 30,906 21,412 118,955 93,131 Distribution costs (4,232) (2,822) (15,710) (10,385) Administrative expenses (14,969) (13,319) (69,468) (53,683) Net gain arising from acquisition of Fibernet - 7,755 - 7,755 Operating profit 11,705 13,026 33,777 36,818 Finance revenue 1,608 (20) 4,527 1,503 Finance charges (10,303) (4,327) (33,548) (16,191) Profit before tax 3,010 8,679 4,756 22,130 Tax (charge) benefit (4,646) (11,020) (6,297) (9,377) (Loss) profit for the period (1,636) (2,341) (1,541) 12,753 Three months ended Year ended IFRS in U.S. Reporting Format December December December December 31, 2007 31, 2006 (1) 31, 2007 31, 2006 (1) (unaudited) (unaudited) (unaudited) (unaudited) REVENUES 76,063 61,707 296,620 240,612 Cost of revenue (excluding depreciation and amortization shown separately below) Cost of access (22,727) (19,678) (87,973) (76,975) Real estate, network and operations (10,322) (9,543) (48,196) (38,461) Third party maintenance (4,121) (3,938) (17,923) (16,632) Cost of equipment sales (7,900) (9,701) (30,416) (26,779) Total cost of revenue (45,070) (42,860) (184,508) (158,847) Selling, general and administrative (8,424) (9,115) (35,983) (30,885) Depreciation and amortization (10,877) (6,387) (42,161) (24,551) Total operating expenses (64,371) (58,362) (262,652) (214,283) OPERATING INCOME 11,692 3,345 33,968 26,329 OTHER INCOME (EXPENSE) Interest expense, net (7,439) (7,828) (30,192) (26,740) Other income (expense), net (1,243) 12,112 980 21,491 INCOME BEFORE BENEFIT (PROVISION) FOR INCOME TAXES 3,010 7,629 4,756 21,080 (Provision) benefit for income taxes (4,646) (11,020) (6,297) (9,377) Extraordinary gain, net of tax - 1,050(1) - 1,050(1) NET (LOSS) INCOME (1,636) (2,341) (1,541) 12,753 Note: The classification differences between reporting under IFRS and U.S. GAAP are as follows: Cost of sales: Under IFRS, the company includes cost of access, third party maintenance, customer-specific costs and depreciation on network assets within cost of sales. Cost of revenue: Under U.S. GAAP, the company includes cost of access, real estate, network and operations, third party maintenance and cost of equipment sales within cost of revenue. Foreign currency gains/(losses): Under IFRS, the company includes foreign currency gains and losses within operating profit, except for those related to the senior secured notes, which are included in finance costs, and those related to loans to related parties, which are included in finance revenue. Under U.S. GAAP, all foreign exchange gains/(losses) are included in other income (expense), net. Net gain arising from acquisition of Fibernet: Under IFRS, the company includes the gain on settlement of contracts due to Fibernet acquisition (8,411 pounds), the gain on recognition of negative goodwill (1,050 pounds) and charges related to restructuring Fibernet's operations (1,706 pounds) in net gain arising from acquisition of Fibernet within operating profit. Under U.S. GAAP, the gain on settlement of contracts due to Fibernet acquisition is included in other income (expense), net; the gain on recognition of negative goodwill is recognized as an extraordinary gain, net of tax; and charges related to restructuring Fibernet's operations are included in sales, general and administrative expenses. (1) Initial accounting for the acquisition of Fibernet was determined only provisionally as at December 31, 2006. In accordance with IFRS 3, any adjustment to the provisional values as a result of completing the initial accounting requires adjustment of comparative financial statements. During the year ended December 31, 2007, an adjustment to increase the liabilities assumed in the acquisition was recorded which resulted in a change in the amount of negative goodwill and resulting gain recorded at the acquisition date. This adjustment has been reflected in the consolidated income statement for the year ended December 31, 2006. On October 11, 2006, GC Acquisitions, a wholly-owned subsidiary of Global Crossing Limited and affiliate of Global Crossing (UK) Telecommunications Ltd. (GCUK), took control of Fibernet Group Plc (Fibernet), and since that date the results of Fibernet have been consolidated into Global Crossing's results. On December 28, 2006, GCUK acquired all of Fibernet's UK operations from GC Acquisitions. Accordingly, Fibernet's UK operation results are included in GCUK's 2006 results as of December 28, 2006. Global Crossing (UK) Telecommunications Limited and Subsidiaries Table 3 Consolidated Balance Sheets Results below are in pounds sterling in thousands. December 31, December 31, 2007 2006 (1) Non-current assets Intangible assets, net 13,351 14,241 Property, plant and equipment, net 185,719 182,556 Investment in associate 200 163 Retirement benefit asset 961 922 Trade and other receivables 28,511 33,130 Deferred tax asset - 5,262 228,742 236,274 Current assets Inventory - 1,112 Trade and other receivables 66,237 59,182 Cash and cash equivalents 23,954 40,309 90,191 100,603 Total assets 318,933 336,877 Current liabilities Trade and other payables (65,619) (77,581) Senior secured notes (1,158) - Deferred revenue (47,126) (49,587) Provisions (2,137) (3,266) Obligations under finance leases (11,945) (9,214) Other debt obligations (463) (167) Derivative financial instrument (1,048) (894) (129,496) (140,709) Non-current liabilities Trade and other payables (650) (647) Senior secured notes (247,788) (249,631) Deferred revenue (106,961) (108,881) Retirement benefit obligation (3,110) (2,808) Provisions (4,160) (5,243) Obligations under finance leases (20,242) (23,209) Other debt obligations (430) (232) Derivative financial instrument (1,048) (1,789) (384,389) (392,440) Total liabilities (513,885) (533,149) Net liabilities (194,952) (196,272) Capital and reserves Equity share capital 101 101 Capital reserve 27,648 25,368 Hedging reserve (2,035) (2,616) Accumulated deficit (220,666) (219,125) Total equity (194,952) (196,272) On October 11, 2006, GC Acquisitions, a wholly-owned subsidiary of Global Crossing Limited and affiliate of Global Crossing (UK) Telecommunications Ltd. (GCUK), took control of Fibernet Group Plc (Fibernet), and since that date the results of Fibernet have been consolidated into Global Crossing's results. On December 28, 2006, GCUK acquired all of Fibernet's UK operations from GC Acquisitions. Accordingly, Fibernet's UK operation results are included in GCUK's 2006 results as of December 28, 2006. (1) Initial accounting for the acquisition of Fibernet was determined only provisionally as at December 31, 2006. In accordance with IFRS 3, any adjustment to the provisional values as a result of completing the initial accounting requires adjustment of comparative financial statements. During the year ended December 31, 2007, an adjustment to increase the liabilities assumed in the acquisition was recorded which resulted in a change in the amount of negative goodwill and resulting gain recorded at the acquisition date. This adjustment has been reflected in the consolidated income statement for the year ended December 31, 2006 Global Crossing (UK) Telecommunications Limited and Subsidiaries Table 4 Consolidated Cash Flow Statements Results below are in pounds sterling in thousands. For the year ended December December 31, 2007 31, 2006(1) Operating activities Profit for the period (1,541) 12,753 Adjustments for: Finance costs, net 29,021 14,688 Income tax 6,297 9,377 Depreciation of property, plant and equipment 34,491 21,817 Amortization of intangible assets 2,883 1,120 Share based payment expense 2,280 217 Gain on settlement of contracts due to Fibernet acquisition - (8,411) Gain on recognition of negative goodwill - (1,050) Loss on disposal of property, plant and equipment 306 168 Equity pick up in associate (37) (159) Change in provisions (2,468) (6,582) Change in operating working capital (21,302) 8,805 Change in other assets and liabilities (1,934) 8,231 Cash generated from operations 47,996 60,974 Interest paid (33,543) (26,463) Net cash provided from operating activities 14,453 34,511 Investing activities Interest received 4,651 3,740 Proceeds from disposal of property, plant and equipment - 8 Purchase of property, plant and equipment (32,531) (20,435) Acquisition of subsidiary, net of cash acquired - (45,013) Net cash used in investing activities (27,880) (61,700) Financing activities Loans provided to group companies (2,500) (43,835) Loans repaid by group companies 6,100 16,114 Proceeds from debt obligations, net 774 514 Senior secured notes, net - 55,394 Proceeds from new finance leases 2,020 - Repayments of capital elements under finance leases (9,073) (5,421) Repayment of capital element of other debt obligations (249) (115) Net cash provided by financing activities (2,928) 22,651 Net increase (decrease) in cash and cash equivalents (16,355) (4,538) Cash and cash equivalents at beginning of period 40,309 44,847 Cash and cash equivalents at end of period 23,954 40,309 Non-cash investing activities: Capital lease and debt obligations incurred 10,994 5,072 On October 11, 2006, GC Acquisitions, a wholly-owned subsidiary of Global Crossing Limited and affiliate of Global Crossing (UK) Telecommunications Ltd. (GCUK), took control of Fibernet Group Plc (Fibernet), and since that date the results of Fibernet have been consolidated into Global Crossing's results. On December 28, 2006, GCUK acquired all of Fibernet's UK operations from GC Acquisitions. Accordingly, Fibernet's UK operation results are included in GCUK's 2006 results as of December 28, 2006. (1) Initial accounting for the acquisition of Fibernet was determined only provisionally as at December 31, 2006. In accordance with IFRS 3, any adjustment to the provisional values as a result of completing the initial accounting requires adjustment of comparative financial statements. During the year ended December 31, 2007, an adjustment to increase the liabilities assumed in the acquisition was recorded which resulted in a change in the amount of negative goodwill and resulting gain recorded at the acquisition date. This adjustment has been reflected in the consolidated income statement for the year ended December 31, 2006 Global Crossing (UK) Telecommunications Limited and Subsidiaries Table 5 Reconciliation of Adjusted IFRS EBITDA to Profit (Loss) for the Period (unaudited) Results below are in pounds sterling in thousands. Three months ended Year ended December December December December 31, 2007 31, 2006(1) 31, 2007 31, 2006(1) (unaudited) (unaudited) (unaudited) (unaudited) Adjusted IFRS EBITDA 22,424 19,372 78,218 61,586 Non-cash stock compensation 158 41 (2,280) (217) Depreciation and amortization (10,877) (6,387) (42,161) (24,551) Finance revenue 1,608 (20) 4,527 1,503 Finance costs (10,303) (4,327) (33,548) (16,191) Taxation (4,646) (11,020) (6,297) (9,377) (Loss) profit for period (1,636) (2,341) (1,541) 12,753 Consistent with the SEC's Regulation G, the foregoing table provides a reconciliation of adjusted IFRS EBITDA, which is considered a non-GAAP (Generally Accepted Accounting Principles) financial metric, to profit (loss) for the period, which is the most directly comparable IFRS measure. Management believes that adjusted IFRS EBITDA is a relevant indicator of operating performance, especially in a capital-intensive industry such as telecommunications. Adjusted IFRS EBITDA is an important aspect of the company's internal reporting and is also used by the investment community in assessing financial performance. This non-GAAP measure should be used in addition to, but not as a substitute for, the analysis provided in the consolidated statement of operations. Definition: Adjusted IFRS EBITDA consists of profit (loss) for the period before non-cash stock compensation, taxation, finance costs, finance revenue and depreciation and amortization expense recorded to cost of sales and administrative expenses. On October 11, 2006, GC Acquisitions, a wholly-owned subsidiary of Global Crossing Limited and affiliate of Global Crossing (UK) Telecommunications Ltd. (GCUK), took control of Fibernet Group Plc (Fibernet), and since that date the results of Fibernet have been consolidated into Global Crossing's results. On December 28, 2006, GCUK acquired all of Fibernet's UK operations from GC Acquisitions. Accordingly, Fibernet's UK operation results are included in GCUK's 2006 results as of December 28, 2006. (1) Initial accounting for the acquisition of Fibernet was determined only provisionally as at December 31, 2006. In accordance with IFRS 3, any adjustment to the provisional values as a result of completing the initial accounting requires adjustment of comparative financial statements. During the year ended December 31, 2007, an adjustment to increase the liabilities assumed in the acquisition was recorded which resulted in a change in the amount of negative goodwill and resulting gain recorded at the acquisition date. This adjustment has been reflected in the consolidated income statement for the year ended as at December 31, 2006. Global Crossing (UK) Telecommunications Limited and Subsidiaries Table 6 Reconciliation of Adjusted Gross Margin to Gross Profit (unaudited) Results below are in pounds sterling in thousands. Three months ended Year ended December December December December 31, 2007 31, 2006 31, 2007 31, 2006 (unaudited) (unaudited) (unaudited) (unaudited) Adjusted Gross Margin 53,336 42,029 208,647 163,637 Less: Customer-specific costs (8,426) (10,782) (33,880) (31,117) Third-party maintenance (4,121) (3,938) (17,923) (16,632) Depreciation & amortization (included within cost of sales) (9,883) (5,897) (37,889) (22,757) Gross Profit (IFRS) 30,906 21,412 118,955 93,131 Consistent with the SEC's Regulation G, the foregoing table provides a reconciliation of adjusted gross margin, which is considered a non-GAAP financial metric, to gross profit, which is the most directly comparable IFRS measure. Adjusted gross margin is provided to increase the comparability to the parent company's financial presentations, which include this metric. Definitions: Adjusted gross margin is revenue minus cost of access. Gross profit is revenue minus cost of access, customer-specific costs, third party maintenance and depreciation and amortization recorded to cost of sales. On October 11, 2006, GC Acquisitions, a wholly-owned subsidiary of Global Crossing Limited and affiliate of Global Crossing (UK) Telecommunications Ltd. (GCUK), took control of Fibernet Group Plc (Fibernet), and since that date the results of Fibernet have been consolidated into Global Crossing's results. On December 28, 2006, GCUK acquired all of Fibernet's UK operations from GC Acquisitions. Accordingly, Fibernet's UK operation results are included in GCUK's 2006 results as of December 28, 2006.

Global Crossing

CONTACT: Press Contact, Becky Yeamans, +1-973-937-0155,
PR@globalcrossing.com, or Analysts-Investors Contacts, Suzanne Lipton,
+1-800-836-0342, glbc@globalcrossing.com, or Gino Mathew, Europe,
+1-973-937-0133, gino.mathew@globalcrossing.com

Web site: http://www.globalcrossing.com/

UCN Appoints Former Director of Enterprise Software Sales at Brocade Communications as Executive Vice President of Sales

SALT LAKE CITY, April 29 /PRNewswire-FirstCall/ -- UCN, Inc. , innovator of all-in-one, hosted contact center software, has hired Frank Maylett, former director of enterprise software sales at Brocade Communications, as executive vice president of sales, effective May 5.

Maylett will report to UCN CEO, Paul Jarman. As part of the executive team, Maylett will lead the company's worldwide sales force, including inside and outside sales, lead generation, and business development for the UCN inContact(R) product suite. Maylett will be charged with increasing enterprise sales within UCN target market verticals, shortening the sales cycle by improving processes and sales execution, and maximizing sales team productivity.

"We are fortunate to have Frank join us as an integral member of our executive team," said Jarman. "His proven abilities in building highly-successful, enterprise-level sales organizations will play an essential role as we pursue our aggressive growth strategy for inContact."

Maylett joins UCN following a 15-year career in the software and telecomm industries. Most recently, Maylett was responsible for the software sales organization in the Americas as director of enterprise software sales at Brocade Communications. Previously at Brocade, he led the worldwide sales team for the IBM division which consistently exceeded revenue targets over $120 million.

"I'm excited to be a part of the UCN team because of the tremendous opportunities for growing the inContact business across many vertical industries," said Maylett. "The recent announcement of the company's expanding enterprise customer base, particularly into the Fortune 1000, reflects these opportunities, as well as how UCN is able to leverage this success for greater sales and market share."

Earlier in his career, Maylett served as a business unit executive at IBM where he was instrumental in growing revenue for ADSM (AdStar Distributed Storage Manager), an enterprise storage software product, from $14 million to over $60 million within three years. ADSM became a major IBM software product and was transferred into the Tivoli Systems product group in 1999. Maylett has held other executive sales and management positions at Kabira Technologies, ReleaseNow, NOVELL, WordPerfect and CDI.

About UCN

UCN, Inc. is an innovator of software as a service (SaaS) applications for multi-site contact centers and distributed workforces. The UCN inContact(R) platform intelligently routes multi-media contacts to agents anywhere while improving management visibility, agent productivity and agent retention. UCN's patented software includes an enterprise-grade ACD with skills-based routing, IVR, speech recognition and CTI. Agent performance optimization features include customer experience surveys and agent scoring analysis, call monitoring, call recording, workforce scheduling and forecasting, hiring tools to reduce attrition, and targeted training delivered to the agent desktop. The inContact all-in-one on-demand platform delivers rapid application development tools for IT control, no capital expenditure, Fortune 500-compliant security, and a 24/7/365 managed network with carrier-grade redundancy. To learn more about UCN, visit http://www.ucn.net/.

Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking information made on the Company's behalf. All statements, other than statements of historical facts which address the Company's expectations of sources of capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the Company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the control of the Company, actual results may differ materially from the expectations expressed in the forward-looking statements. (For the complete statement please click to: http://www.ucn.net/safeharbor.)

UCN, Inc.

CONTACT: Aaron Glauser, Communications Director of UCN, Inc.,
+1-801-320-3468, aaron.glauser@ucn.net; or investors, Scott Liolios or Ron
Both, both of Liolios Group Inc, +1-949-574-3860, info@liolios.com, for UCN,
Inc.

Web site: http://www.ucn.net/

CSC to Webcast Fourth Quarter FY 2008 Earnings Teleconference

FALLS CHURCH, Va., April 29 /PRNewswire-FirstCall/ -- Computer Sciences Corporation today announced that it will release preliminary fiscal fourth quarter 2008 financial results on Wednesday, May 21, at approximately 4:10 p.m. EDT. An earnings conference call will follow at 5:00 p.m. EDT. The dial-in numbers for the investment community are (888) 677-8816 (domestic) and (913) 312-0679 (international). The pass code is 7344196.

The conference call hosted by CSC senior management will be webcast simultaneously through a link on the company's Web site at http://www.csc.com/investorrelations. Webcast participants will be in a listen-only mode. A replay will be available on the CSC Web site from approximately one hour after the conclusion of the conference call through Wednesday, June 18, 2008, at 8:00 p.m. EDT. The replay dial-in numbers are (888) 203-1112 (domestic) and (719) 457-0820 (international). The pass code is 7344196.

About CSC

Computer Sciences Corporation is a leading IT services company. CSC's mission is to be a global leader in providing technology-enabled business solutions and services.

With approximately 91,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC's own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. CSC reported revenue of $16.1 billion for the 12 months ended Dec. 28, 2007. For more information, visit the company's Web site at http://www.csc.com/.

Computer Sciences Corporation

CONTACT: Bill Lackey, Director, Investor Relations, Corporate,
+1-310-615-1700, blackey3@csc.com, or Mike Dickerson, Director, Media
Relations, Corporate, +1-310-615-1647, mdickers@csc.com, both of Computer
Sciences Corporation

Web site: http://www.csc.com/

Featured Stocks on Today's Edition of WallSt.net's 3-Minute Press Show: BDGW, INRA, ETGF

NEW YORK, April 29 /PRNewswire-FirstCall/ -- WallSt.net's 3-Minute Press Show is a daily video program hosted by WallSt.net reporter, Tracee Tolentino.

Shows air Monday through Friday on: http://tv.wallst.net/3-min-press/3-min-press.php.

WallSt.net's 3-Minute Press Show features in-depth interviews with public company executives on their company and most recent press releases. The show is designed to provide viewers with insight into a company's most recent press release, and its impact on the company's growth.

The following executives were interviewed on today's show: -- Jim Can, President and CEO of Budget Waste, Inc. (Pink Sheets: BDGW) (http://www.budgetwaste.com/) -- Lloyd Spencer, CEO of Innova Robotics & Automation, Inc. (BULLETIN BOARD: INRA) (http://www.innovaholdings.com/) -- Nataliya Hearn, Ph.D., CEO of Element 21 Golf Co. (BULLETIN BOARD: ETGF) (http://www.e21golf.com/) About WallStreet Direct, Inc.

WallStreet Direct, Inc. a wholly-owned subsidiary of Financial Media Group, Inc., owns and operates WallSt.net (http://www.wallst.net/), a leading source of up-to-the-minute business news, comprehensive financial tools and original multimedia content for the investment community. In addition to WallSt.net, WallStreet Direct owns and operates WallStRadio (http://radio.wallst.net/) an online hub for business podcasts from well-known business news personalities and publishers. We have received one thousand nine hundred ninety dollars from Budget Waste, Inc. for media and advertising services. We have received one thousand four hundred ninety dollars from Innova Robotics & Automation, Inc. for media and advertising services. We have received seven hundred fifty dollars from Element 21 Golf Co. for media and advertising services. To read our full disclaimer, and for a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.php.

About Budget Waste, Inc.

Budget Waste, Inc. is a waste solutions company in Western Canada providing complete waste and recycling services to commercial, industrial, construction, homebuilding, oilfield and residential clients. With a broad range of innovative services the Company offers its customers more value for their dollar and reduces accounting costs by providing streamlined billing. BWI is currently following its growth through acquisition strategy with exceptional success. For more information, visit http://www.budgetwaste.com/

About Innova Robotics & Automation, Inc.

Innova Robotics & Automation pioneers innovative solutions for customers in the software, aerospace, research, and service industries. The Company is chartered to continue expanding its growing suite of technologies through acquisitions and organic growth. Visit Innova online at http://www.innovaroboticsautomation.com/.

About Element 21 Golf Company:

Element 21 Golf Company develops and markets award winning golf and fishing products made from the Company's next-generation, proprietary Scandium Alloys. Element 21's high performance products deliver dramatic improvements in distance, consistency, accuracy and feel over the most popular products in the US$5.5 billion golf and the US$48 billion international fishing markets.

Contact WallSt.net 800-4-WALLST

WallStreet Direct, Inc.; Budget Waste, Inc.; Innova Robotics &

CONTACT: WallSt.net, 1-800-4-WALLST

Web site: http://www.wallst.net/
http://www.budgetwaste.com/
http://www.innovaroboticsautomation.com/
http://www.e21golf.com/

Telanetix's AccessLine Division Re-Signs CallSource for VoIP Volume Service- Contract Extension Demonstrates Continued Value and Reliability -

SAN DIEGO, April 29 /PRNewswire-FirstCall/ -- Telanetix, Inc. (OTC BB: TNXI), a leading IP solutions provider offering telepresence and VoIP services to the SMB and SME markets, has extended an agreement with CallSource(R), a leading provider of call-tracking technologies and educational services that enable companies to increase their marketing effectiveness, capture additional sales opportunities and improve customer service. Telanetix is to provide business phone service connectivity for CallSource. The agreement represents a two-year extension of the current contract term, with an estimated value of approximately $2,500,000, which includes significant savings for CallSource, and demonstrates their ongoing satisfaction with the performance, savings, and reliability that CallSource has been receiving.

"CallSource introduced call tracking to the business world more than a decade ago, and we have just introduced Results(SM), the first and only integrated marketing analysis and sales training system," said Elliot Leiboff, Chief Strategy Officer at CallSource. "Our customers' relationship with us is built on trust, and it is important that this trust extend to all aspects of our operation; we are pleased that the Telanetix service and support have proven themselves in this regard."

Telanetix's AccessLine offers its VoIP Volume Service at a discount of 30 to 40 percent from that of traditional phone companies. The service is specifically designed for high volume applications and includes local, long distance, toll free and international calling.

"CallSource's decision to continue relying on our communications services for such an important component of their value proposition is another example of our growing success with our VoIP services in the mission-critical communications element of business customers," noted Tom Szabo, chairman and CEO of Telanetix. "CallSource is clearly pleased with the value we have demonstrated we provide."

For additional information contact Jim Blackman at PR Financial Marketing, (713) 256-0369, jim@prfmonline.com

About Telanetix, Inc.

Telanetix is a leading internet protocol (IP) solutions provider offering telepresence and voice over IP (VoIP) services to the small-to-medium businesses and enterprise (SMB and SME) markets. By leveraging on ubiquitous network infrastructures, Telanetix's solutions meet the real-world communications demands of its customers. The company's telepresence offering, called Digital Presence(TM), creates fully immersive and interactive meeting environments that incorporate voice, video and data from multiple locations into a single environment at better quality and much lower price than competitors. The AccessLine Division provides VoIP services and gives companies flexible calling solutions at a fraction of the price of traditional telecom providers. Additional information can be found at the Telanetix corporate website, http://www.telanetix.com

About CallSource

CallSource provides call-tracking technologies and training services that enable companies to increase their marketing effectiveness, capture additional sales opportunities and improve customer service. Founded in 1994, CallSource is a leading provider to the automotive, multifamily housing, publishing and advertising industries, plus thousands of businesses across diverse industries. For more information, visit http://www.callsource.com

Certain statements contained in this press release are "forward-looking statements" within the meaning of applicable federal securities laws, including, without limitation, anything relating or referring to future financial results and plans for future business development activities, and are thus prospective. Forward-looking statements are inherently subject to risks and uncertainties some of which cannot be predicted or quantified based on current expectations. Such risks and uncertainties include, without limitation, the risks and uncertainties set forth from time to time in reports filed by the company with the Securities and Exchange Commission. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Consequently, future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements contained herein. The companies undertake no obligation to publicly release statements made to reflect events or circumstances after the date hereof.

Telanetix, Inc.

CONTACT: Rick Ono of Telanetix, Inc., +1-858-362-2250,
rick@telanetix.com; or investor relations, Jim Blackman of PR Financial
Marketing, +1-713-256-0369, jim@prfmonline.com, or media, Todd Barrish of
Dukas PR, +1-212-704-7385, todd@dukaspr.com, both for Telanetix, Inc.

Web site: http://www.telanetix.com/
http://www.callsource.com/

CEVA, Inc. Announces Record First Quarter 2008 Financial ResultsRecord high total revenue and royalty revenue; Key license agreements for mobile multimedia, femtocells and solid state drive applications

SAN JOSE, Calif., April 29 /PRNewswire-FirstCall/ -- CEVA, Inc. [; ], a leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores for mobile handsets, consumer electronics and storage applications, today announced its financial results for the first quarter ended March 31, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20051010/CEVALOGO)

Total revenue for the first quarter of 2008 was $10.1 million, an increase of 30% compared to $7.7 million reported for the first quarter of 2007. First quarter of 2008 licensing revenue was $5.1 million, an increase of 10% from $4.6 million reported for the first quarter of 2007. Royalty revenue for the first quarter of 2008 was an all-time record high of $3.7 million, an increase of 91% over $2.0 million for the first quarter of 2007 and a sequential increase of 23% over $3.0 million for the fourth quarter of 2007. Revenue from services for the first quarter of 2008 was $1.2 million, an increase of 10% compared to $1.1 million reported for the first quarter of 2007.

Net income for the first quarter of 2008 was $5.5 million, compared to net income of $0 for the first quarter of 2007. Diluted net income per share for the first quarter of 2008 was $0.27 per share, compared to diluted net income per share of $0 for the first quarter of 2007.

The financial results for the first quarter of 2008 include a capital gain of $10.9 million from the divestment of the Company's equity investment in GloNav Inc. to NXP Semiconductors; a tax expense of $3.1 million related to such divestment; a reorganization expense associated with the termination of the long-term Harcourt lease in Ireland of $3.5 million; and equity-based compensation expense of $0.6 million. The contribution to the diluted net income per share for the first quarter of 2008 of the capital gain, net of taxes and the reorganization expenses were $0.37 and $(0.17), respectively.

During the quarter, the Company concluded ten new license agreements. Eight agreements were for CEVA DSP cores and platforms and two were for CEVA SATA technology. Target applications for customer deployment are 3G smart phones, cellular femtocells, portable multimedia players and solid state drive (SSD) devices. Geographically, three of the ten deals signed were in the U.S., six were in Europe and one was in the Asia Pacific region.

In the first quarter of 2008, CEVA signed three new agreements for its multimedia technologies. These key customer wins reflect the Company's strategy to develop portable multimedia technology solutions exploiting the growing use of Internet video, including movies trailers, music videos and user-generated content sites such as YouTube. CEVA's unique DSP software-based solution supports both present and future video and audio formats without the need for dedicated hardware in the system or costly silicon respin each time a new video or audio format gains popularity on the Internet.

Gideon Wertheizer, Chief Executive Officer of CEVA, stated: "The first quarter of 2008 represented the most successful quarter in CEVA's five year history, with record total revenue, royalty revenue, net income and earnings per share. Record royalties of $3.7 million reflect the Company's growing market share expansion in the cellular handset market. Our strong presence across all the key handset segments, comprising of ultra low-cost, mid-range and high-end 3.5G phones, continues to grow as many of the leading handset manufacturers transitioning to multi-source strategies favor CEVA's DSP technology."

Yaniv Arieli, Chief Financial Officer of CEVA, stated: "In the first quarter, we set new standards for both the Company's financial performance and the industry's adoption of CEVA's technologies. Royalties came in at a record high, as has been the case for each of the last three quarters. CEVA also generated record high net income and earnings per share. The Company also managed to generate overall positive cash flow of approximately $9.1 million during the quarter, mainly due to the divestment of our equity investment in GloNav to NXP Semiconductors, off-set by the one-time payment of approximately $5.8 million associated with the termination of the Harcourt lease. As of March 31, 2008, CEVA's cash balances and marketable securities were $85.5 million."

CEVA Conference Call

On April 29, 2008, CEVA management will conduct a conference call at 8:30 a.m. Eastern Time / 1.30 p.m. London time, to discuss the operating performance for the quarter.

The conference call will be available via the following dial in numbers: -- US Participants: Dial 1-877-493-9121 (Access Code: CEVA) -- UK/Rest of World: Dial +44-800-032-3836 (Access Code: CEVA)

The conference call will also be available live via the Internet at the following link: http://www.videonewswire.com/event.asp?id=47253. Please go to the web site at least fifteen minutes prior to the call to register, download and install any necessary audio software.

For those who cannot access the live broadcast, a replay will be available by dialing 1-800-642-1687 (passcode: 42226593) for US domestic callers and +44-800-917-2646 (passcode: 42226593) for international callers from two hours after the end of the call until 11:59 p.m. (Eastern Time) on May 6, 2008. The replay will also be available at CEVA's web site http://www.ceva-dsp.com/.

About CEVA, Inc.

Headquartered in San Jose, Calif., CEVA is a leading licensor of silicon intellectual property (SIP) platform solutions and DSP cores for mobile, consumer electronics and storage applications. CEVA's IP portfolio includes comprehensive solutions for multimedia, audio, voice over packet (VoP), Bluetooth and Serial ATA (SATA), and a wide range of programmable DSP cores and subsystems with different price/performance metrics serving multiple markets. In 2007, CEVA's IP was shipped in over 225 million devices. For more information, visit http://www.ceva-dsp.com/

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that if they materialize or prove incorrect, could cause the results of CEVA to differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including Mr. Wertheizer's statement that the record royalties in the first quarter of 2008 reflect CEVA's growing market share expansion in the cellular handset market. The risks, uncertainties and assumptions include: the ability of CEVA's DSP cores and other technologies to continue to be strong growth drivers for the Company, including adapting to changes in the cellular handset market; the effect of intense competition within our industry; the possibility that the market for our technology may not develop as expected; the possibility that our customers' products incorporating our technologies do not succeed as expected; our ability to timely and successfully develop and introduce new technologies; our reliance on revenue derived from a limited number of licensees; our ability to continue to improve our license and royalty revenue in future periods and other risks relating to our business and the pipeline of companies interested in our technologies, including, but not limited to, those that are described from time to time in the Company's Securities and Exchange Commission filings. CEVA assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

CEVA, INC. AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - U.S. GAAP U.S. dollars in thousands, except per share data Quarter ended March 2008 2007 Unaudited Unaudited Revenues: Licensing $5,088 $4,639 Royalties 3,733 1,957 Other revenues 1,246 1,130 Total revenues 10,067 7,726 Cost of revenues 1,170 1,007 Gross profit 8,897 6,719 Operating expenses: Research and development, net 5,120 4,700 Sales and marketing 1,773 1,555 General and administrative 1,590 1,246 Amortization of intangible assets 21 42 Reorganization expense 3,537 - Total operating expenses 12,041 7,543 Operating loss (3,144) (824) Financial income, net 808 824 Other income 10,869 - Income before taxes on income 8,533 - Taxes on income 3,022 - Net income $5,511 $0 Basic and diluted net income per share $0.27 $0.00 Weighted-average number of Common Stock used in computation of net income per share (in thousands): Basic 20,095 19,420 Diluted 20,724 19,420 Unaudited Reconciliation of Financial Measures (U.S. Dollars in thousands, except per share amounts) Quarter ended March 31, 2008 2007 Unaudited Unaudited GAAP net income $5,511 $0 Equity-based compensation expense included in cost of revenue 28 18 Equity-based compensation expense included in research and development expenses 267 196 Equity-based compensation expense included in sales and marketing expenses 95 82 Equity-based compensation expense included in general and administrative expenses 188 176 Reorganization expense (1) 3,537 - Other income (2) (10,865) - Taxes on income (2) 3,105 Total reconciliation $1,866 $472 GAAP weighted-average number of Common Stock used in computation of diluted net income per share (in thousands) 20,724 19,420 Weighted-average number of shares related to outstanding options 169 208 Weighted-average number of Common Stock used in computation of diluted net income per share excluding equity-based compensation expense, reorganization expense, net and capital gains from divestment of GloNav equity investment, net (in thousands) 20,893 19,628 GAAP diluted net income per share $0.27 $0.00 Equity-based compensation expense $0.02 $0.02 Reorganization expense (1) $0.17 - Other income (2) $(0.52) - Taxes on income (2) $0.15 - Total reconciliation $0.09 $0.02 (1) Results for the three months ended March 31, 2008 included a reorganization expense of $3.5 million related to termination of the long-term Harcourt lease property in Ireland. (2) Results for the three months ended March 31, 2008 included a capital gain of 10.9 million reported in interest and other income, net and the applicable tax expense of $3.1 million reported in taxes on income, related to the divestment of CEVA's equity interest in GloNov Inc. to NXP Semiconductors. CEVA, INC. AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS U.S. Dollars in Thousands March 31, December 31, 2008 2007 Unaudited Audited ASSETS Current assets: Cash and cash equivalents $52,501 $40,697 Marketable securities and short term bank deposits 33,013 35,678 Trade receivables, net 6,004 2,502 Deferred tax assets 993 861 Prepaid expenses 1,633 904 Investment - 4,233 Other current assets 1,875 2,391 Total current assets 96,019 87,266 Long-term investments: Severance pay fund 3,539 3,091 Deferred tax assets 732 455 Property and equipment, net 1,558 1,626 Goodwill 36,498 36,498 Other intangible assets, net 32 53 Total assets $138,378 $128,989 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Trade payables $870 $455 Accrued expenses and other payables 8,638 8,452 Taxes payable 3,391 320 Deferred revenues 701 727 Total current liabilities 13,600 9,954 Accrued severance pay 3,724 3,141 Accrued liabilities - 1,506 Total liabilities 17,324 14,601 Stockholders' equity: Common Stock 20 20 Additional paid in-capital 150,973 149,772 Other comprehensive income (loss) (39) 7 Accumulated deficit (29,900) (35,411) Total stockholders' equity 121,054 114,388 Total liabilities and stockholders' equity $138,378 $128,989

Photo: http://www.newscom.com/cgi-bin/prnh/20051010/CEVALOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com CEVA, Inc.

CONTACT: Yaniv Arieli, CFO, +1-408-514-2941, yaniv.arieli@ceva-dsp.com,
or Richard Kingston, +1-408-514-2976, richard.kingston@ceva-dsp.com, both for
CEVA, Inc.

Web site: http://www.ceva-dsp.com/

HDTV Platform Hello HD Launches in Hungary From Eutelsat's EUROBIRD(TM) 9 Neighbourhood

PARIS, April 29 /PRNewswire-FirstCall/ -- Hello HD, Hungary's first High-Definition television platform is gearing up for launch on May 1 from the EUROBIRD(TM) 9 satellite operated by Eutelsat Communications (Euronext Paris: ETL). Using two transponders leased on a long-term basis on EUROBIRD(TM) 9, Hello HD's new television platform will feature industry-leading HDTV services including Eurosport HD, National Geographic HD, Filmbox HD and HBO HD, complemented by high quality Hungarian channels broadcasting in Standard Digital.

Hello HD will be available to viewers on a subscription basis using CONAX encryption. Subscribers will procure a High-Definition set-top-box provided by the Swiss company Advanced Digital Broadcast (ADB) which enables high definition and standard definition reception based on the DVB-S2 standard and is also equipped with PVR (Personal Video Recorder) and VOD (Video on Demand) features. In fourth quarter 2008 Hello HD plans to launch video-on-demand and a range of value added interactive services.

Hello HD's choice of EUROBIRD(TM) 9 will also enable satellite homes in Hungary to receive digital channels broadcasting from Eutelsat's HOT BIRD(TM) video neighbourhood. Using off-the-shelf double-feed antennas, Hello HD subscribers will be able to use the same dish to pick up content available free-to-air at the HOT BIRD(TM) position.

Commenting on the launch of Hello HD, Andras Schmideg, Hello HD CEO, said: "Nearly five percent of Hungarian TV households are already equipped with HD Ready television sets, and this number is expected to rapidly grow. Our unique platform, which assembles the best brands in HD with Standard Digital channels, responds to consumer demand for the highest quality of content and a new television experience. We are delighted that Hello HD can be made available to homes across Hungary thanks to the coverage and high-power of Eutelsat's EUROBIRD(TM) 9 satellite."

Olivier Millies Lacroix, Eutelsat Commercial Director responded: "The launch of Hello HD platform further cements Eutelsat's longstanding relationship with Hungary's broadcasting community. It also underscores the strong dynamic of digital broadcasting markets in central Europe and demonstrates that EUROBIRD(TM) 9, our newest video neighbourhood continues to attract some of the most exciting and innovative broadcasting ventures to accompany the continuing take-up of new channels and High-Definition Television. With Hello HD, the number of HD channels broadcast on the Eutelsat fleet will increase up to forty."

Hello HD is owned by the media services company Watchcable Corporation which launched Minimax and other television channels in the CEE region.

About Eutelsat Communications

Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is the holding company of Eutelsat S.A.. With capacity commercialised on 24 satellites that provide coverage over the entire European continent, as well as the Middle East, Africa, India and significant parts of Asia and the Americas, Eutelsat is one of the world's three leading satellite operators in terms of revenues. At 31 December 2007, Eutelsat's satellites were broadcasting almost 3,000 television channels and 1,100 radio stations. More than 1,100 channels broadcast via its HOT BIRD(TM) video neighbourhood at 13 degrees East which serves over 120 million cable and satellite homes in Europe, the Middle East and North Africa. The Group's satellites also serve a wide range of fixed and mobile telecommunications services, TV contribution markets, corporate networks, and broadband markets for Internet Service Providers and for transport, maritime and in-flight markets. Eutelsat's broadband subsidiary, Skylogic, markets and operates services through teleports in France and Italy that serve enterprises, local communities, government agencies and aid organisations in Europe, Africa, Asia and the Americas. Headquartered in Paris, Eutelsat and its subsidiaries employ 538 commercial, technical and operational experts from 27 countries.

http://www.eutelsat.com/ For further information from Hello HD please contact Andras Schmideg, CEO e-mail: andras.schmideg@Hellohd.tv http://www.hellohd.tv/ For further information: Press Vanessa O'Connor Tel: +33-1-53-98-38-88 voconnor@eutelsat.fr Frederique Gautier Tel: +33-1-53-98-38-88 fgautier@eutelsat.fr Investors Gilles Janvier Tel: +33-1-53-98-35-30 investors@eutelsat-communications.com

Eutelsat Communications

CONTACT: For further information from Hello HD please contact, Andras
Schmideg, CEO, e-mail: andras.schmideg@Hellohd.tv; Press, Vanessa O'Connor,
Tel: +33-1-53-98-38-88, voconnor@eutelsat.fr; Frederique Gautier, Tel:
+33-1-53-98-38-88, fgautier@eutelsat.fr; Investors, Gilles Janvier, Tel:
+33-1-53-98-35-30, investors@eutelsat-communications.com

Belgacom Selects Alcatel-Lucent to Deploy End-To-End IMS SolutionAlcatel-Lucent to Serve as Network Integrator and Supply Key Elements of its IMS Portfolio to Enable Belgacom to Offer Fixed and Mobile Multimedia Services

PARIS, April 29 /PRNewswire-FirstCall/ -- Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced it has been selected by Belgacom (Euronext Brussels: BELG), the Belgian leading telecom operator, as its technology and network integration partner to design, integrate, and deploy an end-to-end multi-vendor IP Multimedia Subsystem (IMS) solution. The platform will enable Belgacom to effectively support and to further develop a wide variety of fixed and mobile services including voice over IP (VoIP) and multimedia communications for both residential and business customers.

Alcatel-Lucent will deliver a complete IMS applications and core network solution, based on a standard architecture, incorporating products from Alcatel-Lucent and partners, including application servers, session controllers, home subscriber servers, session border controllers and network/service management functionality. The solution, based on widely adopted standards facilitating convergence, will be a cornerstone of Belgacom's future network.

As Belgacom's primary network integrator, Alcatel-Lucent will use its global network of IP Transformation Centers - including one in Antwerp - to provide network design and integration, testing and validation between the IMS Core, third-party applications and communications devices.

"Belgacom is implementing its customer-focused business transformation program with convergence as a clear focal point in our 'Move to all-IP' strategy for fixed and mobile networks," said Scott Alcott, executive vice president of Belgacom's Service Delivery Engine. "Alcatel-Lucent has proven to be reliable supplier of next generation intelligent network and IMS solutions, as well as a strong IP transformation partner."

"Belgacom's choice of an IMS service delivery system is the logical next step in its all-IP network transformation," said Michel Rahier, President of Alcatel-Lucent's carrier business. "Our experience in IP network transformation projects with customers worldwide, and with Belgacom in particular, will help ensure that the IMS solution can be integrated with minimal effort in Belgacom's network with a safe and predictable rollout plan."

With this contract Alcatel-Lucent underlines its leading position in IMS solutions, and its capabilities in multi-vendor deployments and network integration.

About Belgacom

Belgacom Group [Euronext Brussels: BELG] is the benchmark Belgian provider in the field of integrated telecommunications services. Underpinned by its experience as the country's national operator, matched by a capacity to innovate, the Belgacom Group, through the strong brands of its subsidiaries (Belgacom, Proximus and Telindus), provides a full range of offers, solutions and expertise in fixed and mobile networks. The Belgacom Group proposes a complete quadruple-play solution comprising fixed and mobile telephony, the Internet and television. It is committed to meeting the demands of its business and residential customers, and innovates in order to anticipate their future needs, drawing from the latest technological developments.

About Alcatel-Lucent

Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprise and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com/

Alcatel-Lucent

CONTACT: Alcatel-Lucent Press Contacts: Regine Coqueran, Tel:
+33(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com; Mark Burnworth, Tel:
+33(0)1-40-76-50-84, mark.burnworth@alcatel-lucent.com; Alcatel-Lucent
Investor Relations, Remi Thomas, Tel: +33(0)1-40-76-50-61,
remi.thomas@alcatel-lucent.com; John DeBono, Tel: +1-908-582-7793,
debono@alcatel-lucent.com; Tony Lucido, Tel: +33(0)1-40-76-49-80,
alucido@alcatel-lucent.com; Don Sweeney, Tel: +1-908-582-6153,
dsweeney@alcatel-lucent.com

CGI Expands Q2 2008 Net Earnings by 10% with Growth in Revenue and BookingsStock Market Symbols GIB.A (TSX) GIB (NYSE)Q2-2008 year-over-year highlights:- Revenue of $949.1 million, up 5.3% on a constant currency basis; - Q2 2008 bookings of $1.1 billion, up 23.4%; - Earnings before taxes of $100.4 million, up 8.6%; - Net earnings of $68.8 million, up 9.7%; - Net earnings margin of 7.2%, up from 6.6%; - EPS of 21 cents, up 11.7%; - Cash generated from operating activities in Q2 2008 of $44.4 million - Share repurchases in Q2 2008 totaled $68.1 million.Note: Full Q2 F2008 MD&A, financial statements and accompanying notes may be found at www.cgi.com and have been filed with both Sedar in Canada and Edgar in the U.S.

MONTREAL, April 29 /PRNewswire-FirstCall/ -- CGI Group Inc. (TSX: GIB.A; NYSE: GIB) reported fiscal 2008 second quarter revenue of $949.1 million. This represents 5.3% year-over-year revenue growth on a constant currency basis. Relative to the same year ago period, foreign exchange fluctuations negatively impacted Q2 2008 revenue by $52.5 million, or 5.5%.

Earnings before taxes were $100.4 million or 10.6% of revenue. This compares with $92.4 million, or 9.7% of revenue in the second quarter of 2007.

Net earnings in Q2 2008 were $68.8 million or 7.2% of revenue compared with net earnings of $62.7 million or 6.6% of revenue in the same quarter last year. This represents a 9.7% year-over-year increase.

Earnings per share in the second quarter were 21 cents compared with 19 cents reported in Q2 2007. This represents an improvement of 11.7%.

The Company generated $44.4 million in cash from its operating activities. The decrease compared with the year ago period resulted from a net change in working capital of $66.1 million driven by the timing of client payments; the annual payout of fiscal 2007 profit participation; and, the payment of prior year tax assessments. The Company expects to return to normalized cash generation levels for the remaining quarters of fiscal 2008. On a trailing twelve month basis, CGI has generated $419.5 million in cash from its operating activities, or 11.3% of revenue.

------------------------------------------------------------------------- In millions of Canadian dollars except when noted Q2 F2008 YTD F2008 Q2 F2007 YTD F2007 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Revenue $ 949.1 $ 1,863.8 $ 951.3 $ 1,855.4 ------------------------------------------------------------------------- Adjusted EBIT $ 107.8 $ 214.3 $ 102.0 $ 201.7 Margin % 11.4% 11.5% 10.7% 10.9% ------------------------------------------------------------------------- Earnings before taxes (EBT) $ 100.4 $ 200.7 $ 92.4 $ 158.5 Margin % 10.6% 10.8% 9.7% 8.5% ------------------------------------------------------------------------- Net earnings $ 68.8 $ 141.4 $ 62.7 $ 106.4 Margin % 7.2% 7.6% 6.6% 5.7% ------------------------------------------------------------------------- Earnings per share - in $ $ 0.21 $ 0.43 $ 0.19 $ 0.32 ------------------------------------------------------------------------- Weighted average number of outstanding shares (diluted) 326,942,285 328,368,726 332,897,921 331,946,896 ------------------------------------------------------------------------- Interest on long-term debt $ 7.2 $ 14.5 $ 11.6 $ 24.1 ------------------------------------------------------------------------- Net debt to capitalization ratio % 15.3% - 20.2% - ------------------------------------------------------------------------- Days of sales outstanding (DSO) - in days 46 - 43 - ------------------------------------------------------------------------- Bookings $ 1,060 $ 2,211 $ 859 $ 1,628 -------------------------------------------------------------------------

During the quarter, the Company booked $1.1 billion in new contract wins, extensions and renewals, including $584 million in the US.

The book-to-bill ratio was 112% of revenue for the second quarter, resulting in a backlog of $12.04 billion at the end of March, 2008, or 3.2 times annual revenue. On a rolling twelve month basis, CGI's book-to-bill stands at 104% of revenue.

"Our performance during the second quarter and throughout the first half of fiscal 2008 shows that our clients continue to rely on CGI solutions, managed services and high-end consulting work to help them win and grow in all market conditions," said Michael E. Roach, President and Chief Executive Officer. "As a result, in the first six months of fiscal 2008, we have grown our revenue by more than $100 million on a constant currency basis while improving our net earnings by 33%."

The Company continues to enhance its financial flexibility to invest in outsourcing contracts, accretive acquisitions, share buy backs and/or debt reduction. As part of its Normal Course Issuer Bid, the Company repurchased for cancellation 6.3 million subordinate class A shares during the second quarter for a total commitment of $68.1 million.

Long-term debt decreased by $145.0 million compared with Q2 2007. At the end of March 2008, net debt was $367.0 million for a net debt to capitalization ratio of 15.3%, an improvement from 20.2% at the end of Q2 2007.

Second Quarter F2008 Results Conference Call

Management will host a conference call to discuss results at 8:00 a.m. Eastern Daylight Time this morning. Participants may access the call by dialing 1-866-225-0198 or on the Web at http://www.cgi.com/. Supporting slides for the call will also be available. For those unable to participate on the live call, a podcast and copy of the slides will be archived for download at http://www.cgi.com/.

About CGI

Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 27,000 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI's annual revenue run rate stands at $3.8 billion and at March 31st, 2008, CGI's order backlog was $12.04 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: http://www.cgi.com/.

Use of Non-GAAP Financial Information

CGI reports its financial results in accordance with GAAP. However, management believes that certain non-GAAP measures provide useful information to investors regarding the Company's financial condition and results of operations as they provide additional measures of its performance. Explanations as well as a reconciliation of these non-GAAP measures with GAAP financial statements are provided in the MD&A which is posted on CGI's website, and filed with SEDAR and EDGAR.

Forward-Looking Statements

All statements in this MD&A that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are "forward-looking information" within the meaning of sections 138.3 and following of the Ontario Securities Act. These statements and this information represent CGI's intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements or forward-looking information. These factors include and are not restricted to the timing and size of new contracts, acquisitions and other corporate developments; the ability to attract and retain qualified members; market competition in the rapidly-evolving IT industry; general economic and business conditions, foreign exchange and other risks identified in the MD&A, in CGI's Annual Report on Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at http://www.sec.gov/), the Company's Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at http://www.sedar.com/), as well as assumptions regarding the foregoing. The words "believe," "estimate," "expect," "intend," "anticipate," "foresee," "plan," and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information. You will find more information about the risks that could cause our actual results to significantly differ from our current expectations in the Risks and Uncertainties section.

CGI GROUP INC.

CONTACT: Lorne Gorber, Vice-President, Global Communications and Investor
Relations, (514) 841-3355

Sonic Acquires Simple Star, Provider of Online Digital Media Software and ServicesAdds Web Community for Multimedia Creation and Sharing to Its Roxio(R) Consumer Product Line

NOVATO, Calif., April 29 /PRNewswire-FirstCall/ -- Sonic Solutions(R) , the leader in digital media software, today announced it has acquired the assets of Simple Star, Inc., a privately held software products and online service provider based in San Francisco, California. Simple Star is the developer of PhotoShow(TM), a comprehensive multimedia storytelling platform and online community that enables consumers to quickly and easily turn personal photos and video clips into entertaining shows that can be enjoyed and shared on PCs, TVs, handhelds, or published to popular social media sites.

Over 13 million copies of the PhotoShow desktop software and flash-based online application have been installed since the product was first introduced in 2002. New installations now top 5 million a year. The product is broadly distributed through a network of major partners, including online photo providers Kodak, Shutterfly, and Snapfish, photofinishing service provider Ritz Camera, as well as cable operators Comcast and Time Warner Cable. Simple Star is further expanding its reach through its PhotoShow Developer Program, which provides APIs for easily integrating multimedia creation, playback and viral sharing tools into web offerings.

Last year the company launched PhotoShowTV(TM), a new service available through Time Warner Cable that enables cable customers to easily create and publicly broadcast their content directly to cable TV through their local on-demand service.

"With over 300 million copies of Roxio software distributed, Sonic has one of the largest installed bases of savvy digital media consumers in the world, and these consumers are always eager for new services and products," said Matt DiMaria, general manager of the Roxio division of Sonic Solutions. "Simple Star provides us with innovative new products and web services that are a natural fit for our users and that will extend the reach of the Roxio brand beyond the desktop to online and cable offerings. Simple Star also brings to us a group of talented engineers and senior managers who will help us expand and diversify our product line."

"When we founded Simple Star, our goal was clear - empower consumers to easily share their memories with the people they care about in new, entertaining ways," said Chad Richard, Simple Star CEO. "The Roxio product line embodies this direction and philosophy, making this an ideal union. The combination of Simple Star and Roxio technologies puts Sonic in a tremendous position to take advantage of the convergence of PCs, the Web, digital TV and portable devices to define a complete ecosystem that will enable consumers to form unique and highly personalized digital media connections."

About Simple Star

Founded in 2001, Simple Star (http://www.simplestar.com/) develops software products and services that help consumers share their memories in entertaining ways through PhotoShow, the most complete and easy-to-use photo platform available. Simple Star distributes its award-winning PhotoShow software through partners such as cable companies, digital media software providers, online photo services, retailers with photofinishing services and hardware manufacturers. Millions of new users are creating, sharing and viewing PhotoShows every month. Across multiple business sectors momentum is building that PhotoShow is an emerging standard. Simple Star partners include Comcast, Time Warner Cable, Kodak, Shutterfly and Ritz Camera Centers. To try PhotoShow visit: http://www.photoshow.com/.

About Sonic Solutions

Sonic Solutions (Nasdaq: SNIC; http://www.sonic.com/) enables the creation, management, and enjoyment of digital media content through its Hollywood to Home(TM) products, services, and technologies. Sonic's products range from the advanced authoring systems used to produce Hollywood DVD and Blu-ray Disc titles to the award-winning Roxio-branded photo, video, music, and digital-media management applications. Sonic's patented technologies and AuthorScript(R) media engine are relied upon by leading technology firms to define rich media experiences on a wide array of consumer electronics, mobile devices, set-top players, retail kiosks, and PCs. Always an innovator, Sonic has taken a leading role in helping professional and consumer markets make the successful transition to the new high-definition media formats and, through the Qflix(TM) platform, Sonic is defining new models for the digital distribution of Hollywood entertainment. Sonic Solutions is headquartered in Marin County, California.

Forward Looking Statements

This press release may contain forward-looking statements that are based upon current expectations, including the distribution and market acceptance of Simple Star products and services. Actual results could differ materially from those projected in the forward-looking statements as a result of various risks and uncertainties, including those discussed in the Company's annual and quarterly reports on file with the Securities and Exchange Commission. This press release should be read in conjunction with the Company's most recent annual report on Form 10-K, Form 10-Q and other reports on file with the Securities and Exchange Commission, which contain a more detailed discussion of the Company's business including risks and uncertainties that may affect future results. The Company does not undertake to update any forward-looking statements.

Sonic, the Sonic logo, Sonic Solutions, AuthorScript, Hollywood to Home, Qflix, and Roxio are trademarks or registered trademarks of Sonic Solutions in the United States and/or other countries. Simple Star, PhotoShow and PhotoShowTV are trademarks or registered trademarks of Simple Star, Inc., in the United States and/or other countries. All other company or product names are trademarks of their respective owners and, in some cases, are used under license.

Sonic Solutions

CONTACT: Chris Taylor of Sonic Solutions, +1-408-367-5231,
chris_taylor@sonic.com

Web site: http://www.sonic.com/
http://www.simplestar.com/

Nokia Music Store Opens in Singapore With Millions of SongsMusic Lovers Gain Easy Access to Music They Love Including Locally Relevant Content

SINGAPORE and ESPOO, Finland, April 29 /PRNewswire-FirstCall/ -- Nokia announced today that the Nokia Music Store in Singapore is now "live" at http://www.music.nokia.com.sg/. With millions of tracks from major international artists, independent labels and Asian artists, the Nokia Music Store brings true freedom to music lovers, letting people buy and enjoy music directly from their Nokia device or personal computer 24/7.

"Consumers now have instant access to millions of songs from a very wide gamut of genres ranging from pop to dance to Asian like Mandarin, Malay and Indian music. At the same time, users can enjoy the great usability that the Nokia brand is renowned for," said Grant McBeath, General Manager, Nokia Singapore. "By using the integrated mobile and PC download service, music lovers here can build a music collection that is truly mobile through the Nokia Music Store."

"With the rising demand for digital music in Singapore, Nokia Music Store increases the options for consumers by leaps and bounds, as well as brings the artists closer to their audience through their mobile device, an intimate platform that is always with them," said Gary See, Managing Director, Universal Music Singapore.

Music from Asian Artists

Besides making available digital music from international labels at the Nokia Music Store, prominent independent labels in Asia including Ocean Butterflies Music and Rock Records Singapore have partnered with Nokia to distribute their content. Additionally, RS Digital, an independent label from Thailand is offering Thai music via the Singapore website. The combined Asian music content by the international and Asian labels gives consumers a very comprehensive array of Chinese, Malay and Thai soundtracks in addition to local music.

"As a leading independent music powerhouse in Asia, Ocean Butterflies is proud to work with Nokia to offer a unique proposition to music lovers, particularly fans of Chinese pop. This is not only a milestone for Nokia, who has a long history of connecting people to each other, and to the music they love. It is also a key development for the music industry," said Billy Koh, Ocean Butterflies Music founder and director.

Single Account Sign-on and Intuitive Interface

With a single account, music lovers can access the Nokia Music Store via their desktop computer or directly from optimized Nokia devices such as the Nokia N81, Nokia N82 and Nokia N95 8GB. In addition, users can sync easily from a PC with a wide range of Nokia models including the Xpress Music handsets, Nokia 5610 and Nokia 5310.

Browse for new music, get recommendations or stream favourite songs or albums all at the fingertips. The Store's intuitive user interface allows users to easily add any song to a wishlist to buy later or purchase it immediately for download to your device, without having to download the same song again on your computer. Users can synchronise their music collection between their PC to compatible Nokia devices using Windows Media Player 11.

Pricing

Individual tracks cost 2.00 Singapore dollars per track and most albums cost 16.00 Singapore dollars each. The Nokia Music Store also offers unlimited PC streaming at 16.00 Singapore dollars per month. All music on the Nokia Music Store can be purchased through a variety of payment options, including credit cards, AXS machines and vouchers.

Consumers can also look forward to free tracks given out regularly, as well as the exclusive distribution of new albums or new tracks at the Nokia Music Store.

About Nokia Music Store

Nokia Music Store is a service where you can browse and buy music in order to download on your PC and compatible Nokia mobile device. Music downloaded from Nokia Music Store can be conveniently moved between your PC and compatible Nokia device, as well as copied to CD and moved on to compatible digital music players. Nokia Music Store also offers a monthly subscription service that allows you to stream unlimited music from the Store catalogue direct to your internet-connected PC. The Nokia Music Store is available in the United Kingdom, Germany, Finland, Ireland, Italy, the Netherlands, Australia, France, and Singapore and will expand to more countries throughout the year. http://www.nokia.com/music

About Nokia

Nokia is the world leader in mobility, driving the transformation and growth of the converging Internet and communications industries. We make a wide range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Developing and growing our offering of consumer Internet services, as well as our enterprise solutions and software, is a key area of focus. We also provide equipment, solutions and services for communications networks through Nokia Siemens Networks.

http://www.nokia.com/

Nokia Corporation

CONTACT: Media Enquiries: Nokia Singapore, Sueanne Mocktar, Tel:
+65-6723-1215, Email: sueanne.mocktar@nokia.com; Text100 Public Relations,
Carolyn Camoens/Khoo Yin, Tel: +65-6557-2717, Email: nokia@text100.com.sg;
Nokia, Communications, Tel. +358-7180-34900, Email: press.services@nokia.com

Belgacom Selects Alcatel-Lucent to Deploy End-To-End IMS Solution

PARIS, April 29 /PRNewswire/ --

- Alcatel-Lucent to Serve as Network Integrator and Supply Key Elements of its IMS Portfolio to Enable Belgacom to Offer Fixed and Mobile Multimedia Services

Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced it has been selected by Belgacom (Euronext Brussels: BELG), the Belgian leading telecom operator, as its technology and network integration partner to design, integrate, and deploy an end-to-end multi-vendor IP Multimedia Subsystem (IMS) solution. The platform will enable Belgacom to effectively support and to further develop a wide variety of fixed and mobile services including voice over IP (VoIP) and multimedia communications for both residential and business customers.

Alcatel-Lucent will deliver a complete IMS applications and core network solution, based on a standard architecture, incorporating products from Alcatel-Lucent and partners, including application servers, session controllers, home subscriber servers, session border controllers and network/service management functionality. The solution, based on widely adopted standards facilitating convergence, will be a cornerstone of Belgacom's future network.

As Belgacom's primary network integrator, Alcatel-Lucent will use its global network of IP Transformation Centers - including one in Antwerp - to provide network design and integration, testing and validation between the IMS Core, third-party applications and communications devices.

"Belgacom is implementing its customer-focused business transformation program with convergence as a clear focal point in our 'Move to all-IP' strategy for fixed and mobile networks," said Scott Alcott, executive vice president of Belgacom's Service Delivery Engine. "Alcatel-Lucent has proven to be reliable supplier of next generation intelligent network and IMS solutions, as well as a strong IP transformation partner."

"Belgacom's choice of an IMS service delivery system is the logical next step in its all-IP network transformation," said Michel Rahier, President of Alcatel-Lucent's carrier business. "Our experience in IP network transformation projects with customers worldwide, and with Belgacom in particular, will help ensure that the IMS solution can be integrated with minimal effort in Belgacom's network with a safe and predictable rollout plan."

With this contract Alcatel-Lucent underlines its leading position in IMS solutions, and its capabilities in multi-vendor deployments and network integration.

About Belgacom

Belgacom Group (Euronext Brussels: BELG) is the benchmark Belgian provider in the field of integrated telecommunications services. Underpinned by its experience as the country's national operator, matched by a capacity to innovate, the Belgacom Group, through the strong brands of its subsidiaries (Belgacom, Proximus and Telindus), provides a full range of offers, solutions and expertise in fixed and mobile networks. The Belgacom Group proposes a complete quadruple-play solution comprising fixed and mobile telephony, the Internet and television. It is committed to meeting the demands of its business and residential customers, and innovates in order to anticipate their future needs, drawing from the latest technological developments.

About Alcatel-Lucent

Alcatel-Lucent (Euronext Paris and NYSE: ALU) provides solutions that enable service providers, enterprise and governments worldwide, to deliver voice, data and video communication services to end-users. As a leader in fixed, mobile and converged broadband networking, IP technologies, applications and services, Alcatel-Lucent offers the end-to-end solutions that enable compelling communications services for people at home, at work and on the move. With operations in more than 130 countries, Alcatel-Lucent is a local partner with global reach. The company has the most experienced global services team in the industry, and one of the largest research, technology and innovation organizations in the telecommunications industry. Alcatel-Lucent achieved revenues of Euro 17.8 billion in 2007 and is incorporated in France, with executive offices located in Paris. For more information, visit Alcatel-Lucent on the Internet: http://www.alcatel-lucent.com

Alcatel-Lucent

Alcatel-Lucent Press Contacts: Régine Coqueran, Tel: +33(0)1-40-76-49-24, regine.coqueran@alcatel-lucent.com; Mark Burnworth, Tel: +33(0)1-40-76-50-84, mark.burnworth@alcatel-lucent.com; Alcatel-Lucent Investor Relations, Rémi Thomas, Tel: +33(0)1-40-76-50-61, remi.thomas@alcatel-lucent.com; John DeBono, Tel: +1-908-582-7793, debono@alcatel-lucent.com; Tony Lucido, Tel: +33(0)1-40-76-49-80, alucido@alcatel-lucent.com; Don Sweeney, Tel: +1-908-582-6153, dsweeney@alcatel-lucent.com

VanceInfo Technologies Inc. to Announce First Quarter 2008 Financial Results on May 9, 2008

BEIJING, April 29 /Xinhua-PRNewswire/ -- VanceInfo Technologies Inc. ("VanceInfo" or the "Company") , an IT service provider and one of the leading offshore software development companies in China, today announced that it will release unaudited financial results for the first quarter ended March 31, 2008, before the U.S. market opens on May 9, 2008.

The company will host a corresponding conference call and live webcast to discuss the results at 8:30 AM Eastern Standard Time (EST) on Friday May 9, 2008 (8:30 PM Beijing/Hong Kong time). Please dial-in five to ten minutes prior to the call to register and receive further instruction.

The dial-in details for the live conference call are as follows: -- U.S. Toll Free Number: +1 866-800-8649 -- International dial-in number: +1 617-614-2703 -- Hong Kong dial-in number: +852 3002-1672 Passcode: VanceInfo

The conference call will be available live via webcast on the Investors section of VanceInfo Technologies website at http://ir.vanceinfo.com/ . The archive replay will be available on VanceInfo's website shortly after the call.

A dial-in replay of the conference call will be available until 12:00 p.m. EST, May 16, 2008 at:

-- U.S. Toll Free Number: +1 888-286-8010 -- International dial-in number: +1 617-801-6888 Passcode: 68101204 About VanceInfo:

VanceInfo is an IT service provider and one of the leading offshore software development companies in China. VanceInfo ranked among the top three Chinese offshore software development service providers for the North American and European markets as measured by 2006 revenues, according to International Data Corporation. VanceInfo's comprehensive range of IT services includes research and development services, enterprise solutions, application development and maintenance, quality assurance and testing, as well as globalization and localization. VanceInfo provides these services primarily to corporations headquartered in the United States, Europe, Japan and China, targeting high growth industries such as technology, telecommunications, financial services, manufacturing, retail and distribution.

For further information, contact: Melissa Ning Director, Investor Relations VanceInfo Technologies Inc. Tel: +86-10-8282-5330 Email: ir@vanceinfo.com Tip Fleming Christensen Tel: +852-9212-0684 Email: tfleming@ChristensenIR.com Peter Homstad Christensen Tel: +1-480-614-3026 Email: phomstad@ChristensenIR.com

VanceInfo Technologies Inc.

CONTACT: Melissa Ning Director, Investor Relations of VanceInfo
Technologies Inc., +86-10-8282-5330, or ir@vanceinfo.com; Or Tip Fleming of
Christensen, +852-9212-0684, or tfleming@ChristensenIR.com; Or Peter Homstad
of Christensen, +1-480-614-3026, or phomstad@ChristensenIR.com

ACS Awarded Multi-Year ITO Contract Extension With NIKE

DALLAS, April 29 /PRNewswire-FirstCall/ -- Affiliated Computer Services, Inc. today announced that it has been awarded a five-year contract extension to provide comprehensive information technology outsourcing services to NIKE, Inc. , the world's leading designer, marketer and distributor of athletic footwear, apparel, equipment and accessories.

Under the terms of the deal, ACS will supply end-to-end infrastructure services, including global datacenter, network, security, mainframe, midrange and messaging from strategically located ACS delivery centers in the United States, Asia and the Americas, including ACS' Northwest Regional Datacenter located in Hillsboro, Oregon. Additionally, ACS will provide services from NIKE datacenters located in Andover, Mass., Memphis, Tenn., and Hilversum, the Netherlands.

"Reliable, flexible ACS solutions are enabling us to streamline support for our business processes worldwide, lower long-term costs and strengthen our connection to our customers. This is important towards achieving our long-term growth objectives," said Roland Paanakker, NIKE vice president and chief information officer. "Improving our datacenter infrastructure and creating stronger IT platforms is an important part of our strategy to deliver the most innovative products and the most exciting experience to our consumers."

ACS will also use its proprietary ACSM management system to integrate diverse software, server and network monitoring and management tools into a cohesive client delivery platform, allowing the company to provide cost-effective infrastructure and remote infrastructure management. The ACS-designed solution is a ground-breaking approach to supporting NIKE's long-term growth plans while enabling innovation and containing global infrastructure costs.

"Renewing this great relationship with NIKE is indicative of our commitment to providing exceptional, reliable service, as well as our commitment to investing in innovative solutions on behalf of our clients," said Lynn Blodgett, ACS president and chief executive officer. "We are pleased to be NIKE's trusted business partner, and we look forward to providing the flexible solutions they need to deliver profitable, sustainable growth for the benefit of their customers, employees and shareholders."

NIKE, Inc., based in Beaverton, Ore., is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Wholly owned NIKE subsidiaries include Converse Inc., which designs, markets and distributes athletic footwear, apparel and accessories; Cole Haan Holdings Incorporated, which designs, markets, and distributes luxury shoes, handbags, accessories and coats; Umbro Ltd., a leading United Kingdom-based global football (soccer) brand; and Hurley International LLC, which designs, markets and distributes action sports and youth lifestyle footwear, apparel and accessories.

ACS, a global FORTUNE 500 company with 62,000 people supporting client operations reaching more than 100 countries, provides business process outsourcing and information technology solutions to world-class commercial and government clients. The company's Class A common stock trades on the New York Stock Exchange under the symbol "ACS." Learn more about ACS at http://www.acs-inc.com/.

The statements in this news release that do not directly relate to historical facts constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to numerous risks and uncertainties, many of which are outside the Company's control. As such, no assurance can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Factors could cause actual results to differ materially from such forward-looking statements. For a description of these factors, see the company's prior filings with the Securities and Exchange Commission, including our most recent filing. ACS disclaims any intention or obligation to revise any forward-looking statements, whether as a result of new information, future event, or otherwise.

Affiliated Computer Services, Inc.

CONTACT: investors, Jon Puckett, Vice President, Investor Relations,
+1-214-841-8281, jon.puckett@acs-inc.com, or media, Tom Clary, Director,
Corporate Communications, +1-214-841-8110, tom.clary@acs-inc.com, both of
Affiliated Computer Services, Inc.

Web site: http://www.acs-inc.com/

EDS Returns to Georgia With $391 Million Medicaid WinPeach state contracts EDS interChange System to manage nation's eighth-largest Medicaid programNew IT solution will administer payments to health care providers, enable electronic health records, help state identify health trends and verify Medicaid eligibility

ATLANTA, April 29 /PRNewswire-FirstCall/ -- EDS, the recognized leader in providing health care support to state governments, has been awarded a seven-year, $391 million contract by the state of Georgia to design, develop and implement a new-generation Medicaid Management Information System (MMIS). The new system will provide fiscal agent and enrollment broker services and establish electronic health records (EHRs) for Medicaid recipients. The contract was awarded in the first quarter of 2008.

The EDS Georgia interChange system will provide the platform to support delivery of fiscal agent services to Georgia's 45,000 Medicaid providers, who annually care for more than 1.2 million beneficiaries. Georgia operates the nation's eighth-largest Medicaid program in the nation.

The contract returns EDS to Georgia as the state's fiscal agent after a five-year hiatus and brings to 22 the number of states for which EDS serves as fiscal agent or principal IT provider. EDS previously served as the state's fiscal agent from 1986-2003.

EDS will implement its federally certified interChange Medicaid system, which has served as an industry model and is in operation or being implemented in more than a dozen states.

In addition to providing claims processing for health care providers and enabling EHRs for Medicaid recipients, the Web-based system will provide Georgia with greater flexibility. It also will provide the state with data analysis about health care trends and outcomes of Georgia's Medicaid population to assess needs and impacts of current programs. Additionally, the system will help the state identify potential fraud and abuse.

EDS will also provide Medicaid eligibility verification services under a separate contract awarded last year.

"Georgia sought an innovative yet proven solution that would improve service to its many health care providers and program beneficiaries," said Sean Kenny, EDS Global Healthcare Industry vice president. "The EDS Georgia interChange system will enable the state to analyze volumes of medical data to identify health trends across the state and make more effective policy decisions to improve the health outcomes for its Medicaid members."

"We are elated to return to Georgia as the state's Medicaid partner and build on the momentum of our interChange solution," said Barbara Anderson, vice president of EDS State Healthcare. "We look forward to helping Georgia with flexible, cutting-edge Medicaid management technologies that will grow with the state's needs and help implement the state's Medicaid vision."

EDS touches more than 200 million patient lives annually, processing about 1 billion Medicaid claims a year, far more than any other company. As the country's largest processor of health care claims, EDS is uniquely suited to help organizations take advantage of the latest technology advances to address the critical goals of lowering costs, improving care and increasing efficiency. With 7,000 professionals dedicated to serving the health care sector, EDS provides a comprehensive range of end-to-end services such as Medicaid fiscal agent services; health care analytics and decision support services; health care fraud, abuse and detection services and electronic health records.

About EDS

EDS is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry more than 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. Learn more at eds.com.

The statements in this news release that are not historical statements, including statements regarding the amount of new contract values, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond EDS' control, which could cause actual results to differ materially from such statements. For information concerning these risks and uncertainties, see EDS' most recent Form 10-K. EDS disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT: Bill Ritz - EDS 703 742 1307 bill.ritz@eds.com

Electronic Data Systems Corporation

CONTACT: Bill Ritz of EDS, +1-703-742-1307, bill.ritz@eds.com

Web site: http://www.eds.com/

Digirad Corporation and University of Chicago Medical Center Sign Letter of AgreementLeading Medical Institution Joins Digirad Centers of Influence To Deliver Advanced Imaging Services

POWAY, Calif., April 29 /PRNewswire-FirstCall/ -- Digirad Corporation , a leading provider of medical diagnostic imaging systems and services to physicians' offices, hospitals and imaging centers, today announced the signing of a letter of agreement with the University of Chicago Medical Center (Medical Center) to deliver cardiac diagnostic services to Chicago-area physicians and patients through Digirad's centers of influence program, which now includes seven of the leading academic medical institutions in the United States.

Under the agreement, Digirad and the Medical Center will offer their respective services and expertise to primary-care physicians in the Chicago area who are seeking to expand their practices with in-office diagnostic imaging. Through its mobile imaging services division, Digirad Imaging Solutions (DIS), Digirad will bring state-of-the-art equipment and qualified, trained personnel into physicians' offices to perform imaging procedures. Patients' images will then be interpreted by Medical Center physicians and the results sent electronically to the referring physician.

Digirad Chief Executive Mark Casner said that the centers of influence model provides better care for patients, because it combines the family physician's patient-specific knowledge with the diagnostic expertise of specialists at leading medical institutions. As a result, the Company has added six new centers since launching the program less than a year ago with only one center that served as the "proof of concept." Casner also said that centers of influence are a key element in the Company's strategy for future growth.

The University of Chicago Medical Center, established in 1927, is one of the nation's leading academic medical institutions and is consistently recognized as a leading provider of complex medical care. It is the only Illinois hospital ever to make the U.S. News and World Report Honor Roll with eight clinical specialties: digestive disorders; cancer; endocrinology; neurology and neurosurgery; heart and heart surgery; kidney disease; geriatrics; and ear, nose and throat. It is ranked among the top 25 programs in the United States.

Stephen Archer M.D., section chief of cardiology at the Medical Center, stated: "We are committed to being one of the nation's top 10 cardiovascular training programs and training the next generation of leaders in academic cardiology. It is our responsibility and privilege to provide timely, compassionate care to patients suffering from, or with risk factors for, heart and vascular disease, not only in our own neighborhood but also internationally. Our partnership with Digirad will enable us to increase our presence in the community and offer a higher level of care."

Casner added: "We welcome the University of Chicago Medical Center as a partner in assisting local-area physicians with meeting key needs of their patients. The Medical Center is well respected and widely renowned, and has a staff of physician-faculty that is highly regarded in multiple specialties, including cardiology. This relationship promises to generate substantial benefits for patients, including the clearest and most accurate images available, readings by highly skilled specialists, and the comfort of knowing that their own doctors will remain closely involved in their care.

"With this service, physicians are also more effective at meeting patient scheduling needs while maintaining the primary patient relationship," Casner stated. "Patients are benefiting from the convenience of imaging in their own doctors' offices and the specialized expertise of the University of Chicago Medical Center for diagnostic interpretation."

About Digirad

Digirad Corporation provides diagnostic medical imaging systems and services to physicians' offices, hospitals and imaging centers for cardiac, vascular, and general imaging applications. Digirad's Cardius XPO line of nuclear imaging cameras use patented solid-state technology and unique multi (single, dual, triple) head design for superior performance and advanced features for sharper digital images, faster processing, compact size, lighter weight for portability, ability to handle patients up to 500 pounds, and improved patient comfort compared to standard nuclear cameras. Digirad's 2020tc general-purpose nuclear imager has a small footprint and may also be configured for fixed or mobile use to supplement primary imaging. Digirad's installed base of equipment exceeds 500 systems; in addition, a mobile fleet of more than 140 nuclear and ultrasound imaging systems is being used in 22 states, primarily in the eastern, midwestern and southwestern United States. For more information, please visit http://www.digirad.com/. Digirad(R), Digirad Imaging Solutions(R), and Cardius(R) are registered trademarks of Digirad Corporation.

Forward-Looking Statements

Statements in this press release that are not a description of historical facts are forward looking statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts and use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe" and other words and terms of similar meaning. Examples of such forward looking statements include statements regarding performance under the agreement, medical and business benefits of the centers of influence model, future growth, and benefits of the partnership between the parties. Actual performance and benefits may differ materially from those set forth in this press release due to risks and uncertainties inherent in Digirad's business including, but not limited to, changes in economic and market conditions, technology, physicians' business conditions, work force, suppliers, business prospects, acceptance and use of Digirad's camera systems and services, reliability and other risks detailed in Digirad's filings with the U.S. Securities and Exchange Commission, including Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Form 8-K and other reports. Readers are cautioned to not place undue reliance on these forward looking statements, which speak only as of the date hereof. All forward looking statements are qualified in their entirety by this cautionary statement, and Digirad undertakes no obligation to revise or update the forward looking statements contained herein.

Investor Contact: Company Contact: Dan Matsui Mark Casner Allen & Caron CEO 949-474-4300 858-726-1600 d.matsui@allencaron.com ir@digirad.com

Digirad Corporation

CONTACT: Investors, Dan Matsui of Allen & Caron, +1-949-474-4300,
d.matsui@allencaron.com, for Digirad Corporation; or Company, Mark Casner, CEO
of Digirad Corporation, +1-858-726-1600, ir@digirad.com

Web site: http://www.digirad.com/

KongZhong Schedules Conference Call for 2008 First Quarter Earnings

BEIJING, April 29 /Xinhua-PRNewswire/ -- KongZhong Corporation , a leading wireless value-added services ("WVAS") and wireless media company in China, plans to release its 2008 first quarter financial results after the US financial markets close on May 15th, 2008. The Company will host a conference call at 8:30 pm (EST) to discuss the results.

(Speakers) Yunfan Zhou, Chairman & Chief Executive Officer Nick Yang, President Sam Sun, Chief Financial Officer Hong Kong Time: May 16, 2008, Friday, 8:30 am Eastern Time: May 15, 2008, Thursday, 8:30 pm Pacific Time: May 15, 2008, Thursday, 5:30 pm CONFERENCE CALL ACCESS NUMBERS: China Toll Free Number: 10-800-130-0399 Hong Kong Toll Free Number: 800-962-844 USA Toll Free Number: +1-888-679-8018 USA Toll Number: +1-617-213-4845 PASSCODE: 50513126 Pre registration URL: https://www.theconferencingservice.com/prereg/key.process?key=P8TAANNJP REPLAY ACCESS NUMBERS (FOR 2 WEEKS): USA Toll Free Number: +1-888-286-8010 USA Toll Number: +1-617-801-6888 PASSCODE: 82972731 WEBCAST: http://ir.kongzhong.com/overview.htm

KongZhong Corporation

CONTACT: Sam Sun of KongZhong Corporation, +86-10-8857-6000, or fax, +86-
10-8857-5891, or ir@kongzhong.com

Web site: http://www.kongzhong.com/
http://ir.kongzhong.com/overview.htm

Oman Arab Bank Underpins Expansion Plans With the Latest Version of Misys Equation

LONDON, April 29 /PRNewswire-FirstCall/ -- - First Middle East Bank to Benefit From Misys Equation 3.9

Misys plc , the global application software and services company, today announced that Oman Arab Bank will be the first Middle East Bank to go live with Misys Equation 3.9, the latest version of its widely-used retail banking system.

Installed in the bank's headquarters in Muscat, Misys Equation is running Oman Arab Bank's back-office operations in all 40 branches throughout the country. The latest version of Misys' globally-implemented retail banking solution features a number of key functional improvements, and through this upgrade, the bank will be able to extend its coverage in the region and provide better services to more customers as it continues to expand operations.

Mustafa Srour, Oman Arab Bank's Assistant General Manager, IT, comments, "We have aggressive expansion plans for our business and we needed the most up-to-date solution to underpin our move to open further branches within our network. We have benefited from Misys technology and expertise for more than 20 years and we are very excited to have implemented the very latest version of Misys Equation to increase our flexibility and stability as we continue to grow."

Oman Arab Bank will benefit from the increased flexibility Misys Equation 3.9 provides as well as its enhanced lending capabilities. The bank's customers will be able to benefit from more choice in the products and services available to them and will see a faster response time in all interactions with the bank wherever they are in the region.

Roy Froud, General Manager Middle East & Africa, Misys, adds, "The management team at Oman Arab Bank has consistently focused on improving customer service and differentiating themselves from the competition. We are delighted to be able to support them as they continue to grow their business. This latest, most advanced version of Misys Equation brings them stability, speed, ease of integration and an increase in performance that will help them maintain their leading position in the region."

About Misys plc

Misys plc , provides integrated, comprehensive solutions that deliver significant results to organisations in the financial services and healthcare industries. We maximise value for our customers by combining our deep knowledge of their business with our commitment to their success.

In banking and treasury & capital markets, Misys is a market leader, with over 1,200 customers, including all of the world's top 50 banks. In healthcare, Misys is a market leader, serving more than 110,000 physicians in 18,000 practice locations and 600 home care providers. Misys employs around 4,500 people who serve customers in more than 120 countries.

We aspire to be the world's best application software and services company, delivering results for the most important industries in the world.

Misys: experience, solutions, results Contact us today, visit: http://www.misys.com/ For further information please contact: Edward Taylor, Global Head of Public Relations, Misys Banking, +44(0)208-486-1661, edward.taylor@misys.com ; Caroline Parker, Financial Dynamics, +44(0)207-269-7295, caroline.parker@fd.com .

Misys plc

CONTACT: For further information please contact: Edward Taylor, Global
Head of Public Relations, Misys Banking, +44(0)208-486-1661,
edward.taylor@misys.com ; Caroline Parker, Financial Dynamics,
+44(0)207-269-7295, caroline.parker@fd.com .

Ceragon Powers Codetel High-Capacity Wireless Backbone in the Dominican RepublicCodetel, the Leading Fixed/Wireless Operator in the Dominican Republic and a Subsidiary of America Movil to Deploy Ceragon's Wireless Trunk Solution in a Deal Valued Over $1 Million

TEL AVIV, Israel, April 29 /PRNewswire-FirstCall/ -- Ceragon Networks Ltd. , a leading provider of high-capacity wireless backhaul solutions, today announced that it is shipping its advanced FibeAir(R) solutions to Codetel, the leading fixed and mobile operator of the Dominican Republic and a subsidiary of America Movil, the leading wireless service provider in Latin America. Codetel will implement Ceragon's FibeAir 3200T long haul trunk solution to enhance the reach and capacity of its fixed and mobile backbone network. In addition, the operator will also take advantage of Ceragon's FibeAir 640 for a range of access backhaul applications. With installation and project management handled by Telenetworks, the deal is valued at over $1 million in revenue for Ceragon.

Codetel is expanding its backbone network using Ceragon's FibeAir 3200T point-to-point backbone transmission solution. FibeAir 3200T provides high capacity connectivity using multiple STM-1, OC-3, FE or GbE, enabling the deployment of voice and data services for rapidly growing networks. Allowing quick and easy deployment, the FibeAir 3200T trunk system powers Codetel with an economical alternative to fiber optic lines. Codetel will additionally implement Ceragon's high-capacity FibeAir 640 solution into its access backhaul network. The FibeAir 640 will enable Codetel to quickly scale up the capacity of its access backhaul network using remote software configuration.

"Codetel is rapidly expanding its network coverage while increasing our capacity support in order to meet the demand for additional fixed and wireless broadband services," said Eng. Juan Mota, Network Planning Director at Codetel. "Ceragon's high-capacity wireless solutions allow us to put our network in operation quickly, while the modular architecture of their systems will enable highly cost-efficient upgrades in the future."

"The selection of our FibeAir 3200T trunk solution by a leading operator such as Codetel validates the continuing success of our expanding product portfolio," said Ira Palti, President and Chief Executive Officer of Ceragon. "Codetel joins a growing list of Ceragon customers deploying advanced wireless backhaul solutions that lead the market in capacity, reliability and ease of installation."

About Codetel

The Dominican Telephony Company is the leading provider in the Dominican Republic of telecommunication services including wireline, wireless, long distance, internet and data with their recognized brands Codetel and Claro. Based in Santo Domingo and in service since 1930, Codetel is the only provider in the Dominican Republic that offers a complete telecommunications portfolio, which allows to segment their customer preferences. It is an America Movil Group subsidiary, which is the leading provider of wireless services in Latin America with operations in several countries of the American Continent.

About TeleNetworks Broadband Solutions, Inc.:

TeleNetworks Broadband Solutions, Inc. is a San Juan, Puerto Rico based reseller and systems integrator with over 20 years of experience in providing telecommunications networking solutions to carriers, utilities, service providers, MSOs and enterprises in Puerto Rico, Dominican Republic, and the rest of the Caribbean. Visit http://www.telenetworkspr.com/.

About Ceragon Networks Ltd.

Ceragon Networks Ltd. (NASDAQ and TASE: CRNT) is a leading provider of high capacity wireless backhaul solutions that enable wireless service providers to deliver voice and premium data services, such as Internet browsing, music and video applications. Ceragon's wireless backhaul solutions use microwave technology to transfer large amounts of network traffic between base stations and the infrastructure at the core of the mobile network. Ceragon designs solutions to provide fiber-like connectivity for circuit-switched, or SONET/SDH, networks, next generation Ethernet/Internet Protocol, or IP-based, networks, and hybrid networks that combine circuit-switched and IP-based networks. Ceragon's solutions support all wireless access technologies, including GSM, CDMA, EV-DO and WiMAX. These solutions address wireless service providers' need to cost-effectively build-out and scale their infrastructure to meet the increasing demands placed on their networks by growing numbers of subscribers and the increasing demand for premium data services. Ceragon also provides its solutions to businesses and public institutions that operate their own private communications networks. Ceragon's solutions are deployed by more than 150 service providers of all sizes, as well as in hundreds of private networks, in nearly 100 countries. More information is available at http://www.ceragon.com/

Ceragon Networks(R), CeraView(R), FibeAir(R) and the FibeAir(R) design mark are registered trademarks of Ceragon Networks Ltd., and Ceragon(TM), PolyView(TM), ConfigAir(TM), CeraMon(TM), EtherAir(TM), QuickAir(TM), QuickAir Partner Program(TM), QuickAir Partner Certification Program(TM), QuickAir Partner Zone(TM), EncryptAir(TM) and Microwave Fiber(TM) are trademarks of Ceragon Networks Ltd.

This press release may contain statements concerning Ceragon's future prospects that are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and projections that involve a number of risks and uncertainties. There can be no assurance that future results will be achieved, and actual results could differ materially from forecasts and estimates. These are important factors that could cause actual results to differ materially from forecasts and estimates. These risks and uncertainties, as well as others, are discussed in greater detail in Ceragon's Annual Report on Form 20-F and Ceragon's other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made and Ceragon undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made.

Company Contact: Yoel Knoll Ceragon Networks Ltd. +972-3-766-6419 yoelk@ceragon.com Investor Contact: Vered Shaked Ceragon Networks Ltd. +972-3-645-5513 ir@ceragon.com

Ceragon Networks Ltd

CONTACT: Company Contact: Yoel Knoll, Ceragon Networks Ltd.,
+972-3-766-6419, yoelk@ceragon.com. Investor Contact: Vered Shaked, Ceragon
Networks Ltd., +972-3-645-5513, ir@ceragon.com

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News archive of November 2009
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