"This merger will create the worldwide defacto standard for wireless portal platforms," said John Roth, president and chief executive officer, Nortel Networks. "As the worldwide leader in the wireless Internet, we believe this platform will help make the Web in your pocket a compelling solution for commerce, communications, and collaboration."

"All of our carrier partners, such as France Telecom, Deutsche Telekom, Singapore Telecom and SmarTone, have been waiting for a global alliance so they can deliver services on a worldwide basis," said H.H. Haight, President and CEO, GSM Capital. "This alliance will make it possible to deliver innovative wireless Internet services using high carrier quality standards allowing us to bring the power of the Internet to the masses."

"This powerhouse will bring together all the elements necessary to conquer the emerging generation of new services stemming from the convergence of wireless communications and the Internet," said Andre Tremblay, chairman, CEO and president, Microcell Telecommunications, Inc.

"We have seen some incredible momentum building for our advanced wireless Internet services as more and more leading North American carriers adopt our services, including AT&T, Sprint and BellSouth," said Naveen Jain, chairman and CEO, InfoSpace. "Merging our leadership in providing innovative, advanced wireless Internet services with Saraide's robust wireless network infrastructure and global alliances will enable us to deliver both revolutionary services and premier support on a worldwide basis."

InfoSpace will now be able to expand the reach of its leading wireless Internet services worldwide. These wireless services include personalized content, including address book and calendar; commerce capabilities, including price comparison shopping and purchasing goods; secure transactions, such as transferring funds and checking account balances; communication features, including person-to person, device-independent instant messaging and e-mail and location based services such as nearest ATM.

InfoSpace's wireless Internet services are device-independent and provide a platform which enables its wireless carriers to support a variety of emerging protocols such as WAP, PQA's for Palm VII and VXML, in addition to HDML and SMTP. InfoSpace's services are compatible with a variety of gateway technologies including WAP gateways from Nokia, Phone.com and Ericsson.

Under the terms of the agreement, InfoSpace will merge Saraide with its own wireless services and will issue 2,397,716 shares of InfoSpace Common Stock to the existing shareholders of Saraide in a transaction to be accounted for as a purchase. InfoSpace will control 80% of the combined company with operations located throughout Europe, Japan, Canada and the United States. Saraide's investors include Nortel Networks, Microcell Telecommunications Inc., Omnipoint Communications, Ericsson and GSM Capital L.P, whose investors include Deutsche Telekom, France Telecom, Singapore Telecom, ESAT Digifone, Aerial Communications, and SmarTone. The acquisition is expected to be completed in Q1 2000, and is subject to customary conditions, including regulatory approval and Saraide shareholder approval.

About Saraide

Saraide was founded in 1998. Hatim A. Tyabji has served as Chairman and CEO since inception. Saraide's mission is to take advantage of the exciting convergence of wireless and the Internet by delivering a wide range of mobile data services optimized for the mobile world.

Saraide currently employs about 130 people and has offices throughout Europe and North America. Saraide's main offices are located in San Francisco, California; Ottawa, Canada; Dallas, Texas; and Rotterdam, The Netherlands.

About InfoSpace, Inc.

InfoSpace is a leading global Internet information infrastructure company. InfoSpace provides infrastructure services to consumers, merchants and wireless devices. InfoSpace's affiliate network consists of more than 2,100 Web sites. The Company's affiliates include AOL, Microsoft, Disney/InfoSeek's GO Network, NBC's Snap, Lycos, go2net Inc., DoubleClick, Dow Jones (The Wall Street Journal Interactive Edition) and ABC LocalNet, among others. In addition, the Company provides services to a network of wireless Internet devices including PCs, cellular phones, pages, screen telephones, television set-top boxes, online kiosks, and personal digital assistants. These include relationships with Acer America, AT&T Wireless, Nokia, Nextel, Sprint, Mitsui, Lucent and @Home.

This release contains forward-looking statements relating to the planned acquisition of Saraide, the integration of the Company's products and services with those of Saraide, the development of the Company's products and services and future operating results, including statements regarding the availability, benefits and attributes of the Company's wireless services. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the satisfaction of closing conditions and the completion of the acquisition of Saraide, the ability of the Company to successfully integrate its products and services with those of Saraide, seasonality, the rate of adoption by advertisers of the Internet as an advertising medium, market acceptance of our products and services, and competition. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in the Company's Annual Report on Form 10-K, in the section entitled "Factors Affecting InfoSpace's Operating Results Business Prospects And Market Price Of Stock." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.