August 7, 2006 - TeleBermuda to Offer Financial Network Services via SAVVIS IT Infrastructure TeleBermuda and TeleCayman to Offer SAVVIS’ Financial Network Services Addressing the Unique Requirements of Financial Customers with Business in Bermuda and the Cayman Islands Hamilton, Bermuda, August 7, 2006 – TeleBermuda International Limited (TBI) announced today a comprehensive distribution agreement effectively giving it exclusive rights to offer select SAVVIS solutions in Bermuda. The agreement with SAVVIS, Inc., a global leader in IT infrastructure services for business applications, will enable TeleBermuda International and TeleCayman Limited to leverage SAVVIS’ industry-leading global private financial network to develop and market products and services to clients, primarily in banking and finance, insurance and reinsurance, and hedge fund industries. As part of the agreement, SAVVIS’ global private network infrastructure will be connected directly to TeleBermuda’s Network Operation Center in Bermuda and TeleCayman’s Network Operation Center in the Cayman Islands. SAVVIS’s product offering will complement the voice, private lines, dedicated Internet, DSL and hosted business continuity products and services that are already offered by TeleBermuda. TBI provides co-location services bundled with dedicated Internet access, which is an ideal solution for any business seeking to make their corporate network equipment secure and are seeking a remote data storage solution. “Services like these are a nice accompaniment to any customer who wishes to access and utilize the Bermuda financial market,” said Greg Swan, EVP and COO for TeleBermuda. He continued, “Our sub-sea network is configured as a bi-directional, self-healing ring – providing all of TBI’s customers with complete network redundancy between Bermuda and its international gateway partners. TBI’s hi-tech facility is host to TBI’s network transmission, voice switching, data and co-location hosting services Located in a protected, climate-controlled environment with redundant power, the facility provides leading-edge network management services. The CCTV monitored site is accessible 24 hours a day and is manned by Bermuda’s best voice and data telecommunications professionals.” Swan explained, “SAVVIS’s ultra low latency financial extranet and global hosting services opens a myriad of IT solutions and opportunities for our customers. Any institution connected to TeleBermuda will now be able to access one of the world’s leading global financial networks through a single managed connection, eliminating the need to manage multiple providers. Ultimately, SAVVIS enhances TeleBermuda’s breadth of services, opens new business opportunities in the marketplace, and strengthens our position for future growth.” Lee Greene, Vice President of sales for TeleBermuda and TeleCayman added, “Potential customers on these islands run the gamut from sell-side and hedge fund firms to insurance and reinsurance companies. Media Contact: Angela Ambrosini Director of Marketing TeleBermuda International Limited Tel: 296-9000 angela.ambrosini@telebermuda.com