WilTel Provides Vonage® National Reach With Voice, Data Solution

WilTel Provides Vonage® National Reach With Voice, Data Solution

TULSA, Okla. (Feb. 22, 2005) – WilTel Communications today announced that it is providing vonage-forum.com/vlink6.html">Vonage Holdings Corp. –North America’s leading broadband telephony company – with a bundled voice and data transport solution.

Vonage offers consumers and small businesses an affordable alternative to traditional telephone service and is the fastest growing broadband telephony company in the United States. The company’s service area encompasses more than 2,000 active rate centers in more than 150 global markets. Vonage is sold directly through vonage-forum.com/vlink6.html">vonage.com and e-tail/retail partners such as Amazon.com, Staples, RadioShack and Circuit City.

“We’re excited to be partnering with WilTel -- one of the leading national telecommunications players,” said Michael Tribolet, executive vice president of Operations for Vonage Holdings Corp. “WilTel’s ability to provide us with highly reliable, ample connectivity and outstanding reach was a perfect fit for us. It is offering us superior network quality with dedicated account support and we are looking forward to a winning partnership.”

Blaine Gilles, senior vice president of voice services and strategic markets for WilTel, said this deal is indicative of what WilTel brings to the table in terms of bundling high-performance, cost-efficient customer solutions. “In this case, Vonage is utilizing our robust voice network – which delivers more than 4 billion domestic and international voice minutes per month, as well as our extensive MPLS-based IP network to consolidate their long-haul voice and data traffic in a highly effective and efficient manner.”

WilTel is the wide-area networking specialist for carriers, enterprises, the federal government and media and entertainment companies. The company provides a complete portfolio of TDM and IP-based voice services to the largest domestic and international carriers and service providers.

Services include switched and dedicated One Plus, Enhanced Toll-Free, Carrier Termination, Calling Card, Carrier Transport and International Termination. Internet-based services include dedicated Internet access (DIA) and MPLS IP VPN, along with a wide selection of outsourced IP network management options with Managed Security and Managed CPE services.

About Vonage®

vonage-forum.com/vlink6.html">Vonage is redefining communications by offering consumers and small businesses an affordable alternative to traditional telephone service. The fastest growing telephony company in North America, Vonage's service area encompasses more than 2000 active rate centers in over 150 global markets. Vonage is sold directly through vonage-forum.com/vlink6.html">vonage.com and retail partners such as SAM's Club, Amazon.com, RadioShack, Best Buy, Circuit City, Staples, Fry’s Electronics, Office Depot and CompUSA. Wholesale partners such as EarthLink, ARMSTRONG®, Advanced Cable Communications and the Coldwater Board of Public Utilities resell the Vonage broadband phone service under their own unique brands. With more than 400,000 lines in service, Vonage continues to add more than 30,000 lines per month to its network. Over 10 million calls per week are made using Vonage, the easy-to-use, feature-rich, flat rate phone service. Vonage is headquartered in Edison, New Jersey. For more information about Vonage's products and services, please visit vonage-forum.com/vlink6.html">vonage.com or call 1-VONAGE-HELP. Vonage®, Vonage Digital Voice^TM, Toll Free Plus^SM and Virtual Phone Number^SM are trademarks of Vonage Holdings Corp.

About WilTel Communications

WilTel Communications, LLC, provides a diverse set of data, voice, IP, video, managed and professional services, creating advanced wide-area networking solutions for global telecommunications providers, enterprises, the federal government and media and entertainment companies. WilTel’s next-generation network infrastructure reaches border-to-border and coast-to-coast with international connectivity to accommodate global traffic. WilTel Communications, LLC is the operating subsidiary of WilTel Communications Group, Inc., a wholly owned, indirect subsidiary of Leucadia National Corporation. For more detailed information, visit www.wiltel.com.

This press release may contain "forward-looking statements." Although WilTel believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. WilTel assumes no obligation to update those statements to reflect actual results, changes in assumptions and other factors. The forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those projected. Additional information that could lead to material changes in performance is contained in filings with the Securities and Exchange Commission made by Leucadia.