Stratos Completes Datacom Acquisition

(Toronto, Ont.) – Stratos Global Corporation is pleased to announce that it has completed the acquisition of the assets of Datacom including US$4.0 million in cash for US$44.25 million. Datacom provides remote voice and data communications to industrial users in the Gulf of Mexico through microwave and satellite technology. Major customers include Texaco, Chevron and Coastel Communications. Datacom also provides Internet access and data solutions via satellite to users in Latin America from its 8 acre operations centre and teleport in Lafayette, La.

Datacom has experienced significant growth over the past year. Revenues and EBITDA for the nine months ended September 30, 2000 have increased by 21% and 50% respectively as compared to the nine months ended September 30, 1999. The combination of Datacom with the previously acquired assets of Shell Offshore Services Company ("SOSCo") will solidify Stratos' leading position in the Oil & Gas communications industry. The company will offer a variety of communications solutions to oil & gas customers operating in the Gulf of Mexico and Latin America including; voice, data, Internet and email access via microwave, VSAT and Inmarsat technologies. Datacom is a very complementary transaction to SOSCo and Stratos expects to generate in excess of US$3.5 million in annual cost savings from the combination of the two companies.

"The completion of this acquisition solidifies our position as a leader in the oil & gas community," stated Derek Woods, President & CEO of Stratos. "With this latest addition Stratos will add a strong revenue-generating company to its portfolio and expand our service offering to include a wider array of remote communications solutions and customer service capabilities." "We are all very pleased with this transaction and believe that both Datacom and Stratos will benefit from this acquisition." said Nick Pugh, President of Datacom. "Our commitment to quality service and customer care will be augmented by broadening our array of products and services and leveraging Stratos' expertise as a global communications provider" For the year ended December 31, 1999, Datacom generated revenues of US$25.8 million and EBITDA of US$6.9 million. Even using Datacom's 1999 results, the transaction is immediately accretive to Stratos.

Stratos is an international telecom service provider offering customers operating in remote locations with a variety of wireless IP, data, and voice solutions through a range of newly emerging and established technologies. Stratos serves an array of diverse markets including government, military, industrial, recreational and maritime users anywhere in the world. Stratos is 63% owned by Aliant Inc. Further information is available at www.stratos