AT&T Business Services Internet Telephony Conference Enterprise Roundtable: State of the Industry February 6, 2003 Joe Aibinder Director, AT&T VoIP Business Services VoIP Industry Background - Evolution The value of VoIP is evolving from basic cost savings to leveraging convergence to enhanced value-added applications. Arbitrage Int’lDomestic 1999 Convergence 2001+ Emerging Services and Applications 2003+ 1999– The most frequent use of VoIP has been international settlements arbitrage