Michael Fitzpatrick, Edward Mcquaid and Philip Seskin Join Board of FLAG

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Michael Fitzpatrick, Edward Mcquaid and Philip
Seskin Join Board of FLAG Telecom Holdings

22 February 2000


Jane Windsor,
Tel: +44 207 317 0811
Fax: +44 207 317 0808
M: +44 777 55 23 156

London, - FLAG Telecom (Nasdaq: FTHL; LSE: FTL), a leading
independent global carriers' carrier, today announced that Michael
Fitzpatrick, Edward
McQuaid and Philip Seskin have joined the Board of FLAG Telecom
Holdings Limited as Directors. FLAG Telecom owns and operates the
FLAG (Fiberoptic Link Around the
Globe) Europe-Asia cable system, stretching 28,000 km from the UK to
Japan and provides an innovative range of products and services to the
international carrier
community, Internet Service Providers and other telecommunications
companies. With the planned addition of FLAG Atlantic-1, a multi
terabit/s transoceanic dual cable system offering fully protected services
between Paris, London and New York, the company will have laid enough
fibre to encircle the globe.

Andres Bande, Chairman and CEO, FLAG Telecom, said,
"Following the company's recent IPO the Board of FLAG Telecom
Holdings Limited has been re-structured, with two additional places on the
Board given to Bell Atlantic Corporation, our largest individual
shareholder. We are delighted that Edward and Philip, with their expertise
international business and strategy will strengthen the Board. The Board
has also been enhanced by leading industry professionals, such as Michael
Fitzpatrick, who has considerable experience in the fields of global
telecommunications and fibreoptics, and we are looking forward to the
assistance and advice he will provide to the company."

Michael Fitzpatrick is Chairman of the Board, President and CEO of E-
TEK Dynamics, one of the leading innovators in the rapidly growing
fibreoptic industry. Previously, he was President and CEO of Pacific
Telesis Enterprises in San Francisco, with responsibility for the
exploration and development of new emerging technology products and

Edward McQuaid is Executive Director - Corporate Financial Planning
&Analysis (FP&A) at Bell Atlantic Corporation, with responsibility for
establishing Bell Atlantic Corporation's portfolio financial targets and co-
ordination of the development of integrated five year business plans and
supporting strategic initiatives.

Philip Seskin is Vice President - Strategy and Corporate Development at
Bell Atlantic Corporation. He is responsible for strategic business
initiatives as well as merger and
acquisition activity world-wide. Mr Seskin was involved in the formation
of Bell Atlantic Nynex Mobile, Cable and Wireless Communications and
played a key role in the announced merger of GTE and Bell Atlantic and
cellular joint venture with Vodafone.

With these announcements, the membership of the Board of Directors of
FLAG Telecom Holdings, comprises: Mr Andres Bande, Chairman and
CEO, FLAG Telecom; Mr Edward McCormack, CFO, FLAG Telecom
Limited; Mr Michael J Fitzpatrick, Director; Mr Edward J McQuaid,
Executive Director - Corporate FP&A, Bell Atlantic; Mr Adnan Omar,
Executive Director, Dallah Al-Baraka, Saudi Arabia; Daniel C Petri,
President - International Telecommunications, Bell Atlantic; Mr Philip
Seskin, Vice President - Strategy and Corporate Development, Bell
Atlantic; Mr Umberto Silvestri, Director; Mr Jonathan Solomon, Director;
Dr Vallobh Vimolvanich, President, Telecom Holding, Thailand.

The FLAG Telecom network is designed to meet the growing demand for
international communications services and provide carriers with a world-
class broadband superhighway. Today, the company has an established
customer base of over 90
international operators, including 17 of the top 20 international carriers
based on traffic volume*.

The FLAG Telecom network is currently comprised of:

1.The FLAG Europe-Asia cable, the world's longest independent,
privately-owned digital fibreoptic undersea cable system, which spans
what is considered the most difficult route of any cable system in the
world, and took 27 months and required approximately 4,000
permits to install. FLAG Europe-Asia currently has 16 operational landing
points in 13 countries on three continents and offers direct connectivity to
over 75 percent of the world's population.

2.Terrestrial connections between FLAG Telecom's landing stations in the
United Kingdom and Spain to city centres of London and Madrid, and
intra-European connection from London to Paris, Brussels, Frankfurt,
Amsterdam, Berlin, Zurich, Milan
and several other major European metropolitan areas which FLAG
Telecom has acquired the right to obtain through contractual arrangements
with other facilities based bandwidth capacity providers.

3.FLAG Atlantic-1, the company's latest venture now under construction,
which is designed to be the world's first multi-terabit/s transoceanic dual
cable system offering fully protected services between Paris, London and
New York. The system will be a triple-ring, dual cable system, connecting
the East Coast of the United States, with nodes in the heart of New York
to two landings in Europe - one in Brittany, France and the
other in Cornwall, UK, with city nodes in Paris and London. Customers
will be able to add traffic either at the shore landing stations or the city
nodes. The planned three self-healing rings are designed to provide secure
end to end circuits to most of the major world business centres. FA-1 is
expected to enter commercial service in Q1 2001, and will connect to the
FLAG Europe-Asia cable system in Cornwall, UK. FA-1 is being built as
a 50:50 joint venture with GTS.


Statements contained in this Press Release which are not historical facts
may be forward-looking statements, as the term is defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks and uncertainties which could cause actual
results to differ materially from those currently anticipated due to a
number of factors, which include, but are not limited to: the Company's
ability to achieve revenues from products and services that are in the early
stages of development or operation, the Company's completion of FLAG
Atlantic-1 within budget and on time, the Company's ability to deploy
sophisticated technologies on a global basis, the Company's ability to
upgrade and expand its network and respond to customer demands and
industry changes, regulatory enactments and changes, competition and
pricing pressure, rapid technological change, adverse foreign economic or
political events and other factors that are discussed in the Company's
Registration Statement on Form F-1 filed with the Securities and
Exchange Commission.

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