6th February 2006

Proposed acquisition of a long haul network in Europe

06 February 2006 – The Board of Directors of Global Voice Group Ltd (“GVG” or the “Company”) wishes to announce that the Company has today entered into a memorandum of understanding (“MOU”) with Viatel Holding (Bermuda) Limited (the “Vendor”) for the Company and/or its subsidiaries (the “GVG Group”) to acquire certain network assets (the “Proposed Acquisition”) from the Vendor and/or its subsidiaries (the “Viatel Group”).

About euNetworks

euNetworks is a critical bandwidth infrastructure company. We own and operate 18 fibre based metropolitan networks connected with a high-capacity intercity backbone covering 53 cities in 17 countries across Europe. The company leads the market in data centre connectivity, directly connecting over 585 today, and is also a leading cloud connectivity provider, with over 180 on-ramps on our network directly connecting all key cloud providers and major platforms. This coupled with our extensive connected data centre footprint positions us strongly to support and enable our Customers with their cloud infrastructure developments and challenges.

Lucy Noad

Marketing Communications Manager

Lucy Noad