The Cayman Islands now has broadband VoIP. Guess that means criminals can not only offshore their money to the Cayman Islands, they can simultaneously make it harder for law enforcement to eavesdrop on their phone conversations. If you want anonymity, especially with the U.S. National ID card in the works, then the Cayman Islands is for you! I'm being facetious of course...

Anyway, Cable & Wireless of Cayman launched today their broadband telephony service to all three of the Cayman Islands. According to Net2phone, this proves that an outsourced telephony solution can be a value to the local incumbent telco as much as the cable operators that are looking to compete with them.

Cable & Wireless (Cayman Islands) Ltd Launches Residential Broadband Telephony Service with Net2Phone

Cayman Islands, May 9, 2005 Cable & Wireless of Cayman has announced today its new residential broadband telephony Voice over IP (VoIP) service, branded as "NetSpeak," to its customers across all three of the Cayman Islands. Cable & Wireless' NetSpeak introduces unlimited calling for Cayman residents from the leading telecommunications operator in the Cayman Islands with a history of telephony service innovation. NetSpeak is the second VoIP-based product that Cable and Wireless (Cayman Islands) Ltd. has launched in conjunction with Net2Phone (Nasdaq: NTOP), whose fully-managed, hosted platform enables value-added retail products with low-cost options for local and long distance calling.

"As the leading communications provider in the Cayman Islands, Cable & Wireless is excited to break ground with our offering of high quality broadband telephony service throughout the country," said Timothy Adam, Chief Executive of Cable & Wireless Cayman Islands. "With the launch of NetSpeak, our customers can now access a low cost, high-quality phone service with the versatile features and functionality that VoIP offers."

"At Net2Phone we are increasingly seeing local operators use VoIP to grow revenue and offer new services," said Jonathan Reich, Chief Executive Officer of Net2Phone Global Services. "Cable & Wireless' rollout of digital telephony with Net2Phone showcases our value as a provider who can accelerate operators' time to market with robust solutions."

NetSpeak service includes pricing plans of unlimited calling to US, Canada, and Western Europe fixed lines. Friends and Family of NetSpeak customers can conveniently call using a variety of local and international phone numbers available in Cayman Islands, the US, UK, and Canada. The basic plan also includes many value added features, such as call waiting, caller ID, call forwarding, and voicemail with new web-based account/feature management tools at no additional charge.

About Net2Phone
Net2Phone provides VoIP PacketCable, SIP and wireless solutions around the world. As a leader in turn-key hosted VoIP telephony services, Net2Phone has routed billions of VoIP minutes globally, servicing more than 100,000 users in the US as well as hundreds of thousands of more overseas. Net2Phone provides partners with a SIP-based broadband telephony solution, calling cards, prefix dialing and enterprise services in over 100 countries. Net2Phone's PacketCable platform provides cable operators with the ability to deliver a high quality primary line-type service with features such as emergency calling. For more information about Net2Phone's products and services, please visit www.net2phone.com.

About Cable & Wireless of Cayman
Globally, C&W is the third largest carrier of international traffic bringing integrated communications to over 17 million customers.