TELEGROUP, INC. ANNOUNCES EXTENSION OF LOAN FROM FOOTHILL
CAPITAL CORPORATION
EXTENSION OF LOAN
Fairfield, Iowa (February 7, 1999) Telegroup, Inc.
(NASDAQ: TGRP) today
announced that it has received an extension until February 12, 1999 of its $25 million
loan from Foothill Capital Corporation, and is in the process of seeking to obtain a
longer term facility.
Telegroup provides national and international long distance
telecommunications services, serving residential and small and medium-sized business
customers in more than 200 countries worldwide. The company also provides value-added
wholesale services to over 40 domestic and international telecommunications carriers.
Telegroup operates a global, digital, facilities-based network, the Telegroup Intelligent
Global Network ®, which consists of 25 Nortel GSP and Excel LNX voice switches in 12
countries, 23 Nortel Passport ATM switches, 6 enhanced services platforms, 26,000 miles of
owned and leased capacity on digital fiber-optic cable links, and leased parallel data
transmission capacity.
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