TeleTech New Zealand Delivers Award Winning Customer Management Solution To Telecom Corporation of New Zealand

DENVER, Mar 6, 2002 /PRNewswire-FirstCall via COMTEX/ --

Telecom New Zealand's Internet Service Provider, Known as Xtra, Voted 'Best Service and Support (Internet Service Provider)' by PC World Readers

TeleTech Holdings, Inc. (Nasdaq: TTEC), a leading global provider of customer management solutions, today announced that Xtra Limited, a long-standing New Zealand-based client, was voted "Best Service and Support (Internet Service Provider)" by New Zealand PC World magazine readers for the second consecutive year.

New Zealand PC World readers also voted Xtra as the "Internet Service Provider of the Year" for the third consecutive year. Xtra has partnered with TeleTech New Zealand on all customer management services for the past three and a half years. Last year, Xtra extended its relationship with TeleTech for an additional five years.

"To be applauded by our customers is the best recognition we can receive, and demonstrates the value of the partnership we have with TeleTech," said Rod Snodgrass, General Manager Xtra Consumer.

The program currently employs more than 130 customer service representatives, whose primary focus is providing superior service to Xtra's growing customer base, which currently stands at 320,000. TeleTech's solution for Xtra includes managing customer acquisition, technical support and billing inquiries.

"Our relationship is one of the longest and largest customer management and technology partnerships in New Zealand, and clearly demonstrates the operational and strategic value TeleTech brings to the business relationship," said Alex Broughton, TeleTech New Zealand Chief Executive Officer.

TELETECH PROFILE

For twenty years, TeleTech has managed the customer experience for some of the world's largest enterprises. TeleTech's innovative customer care services help companies acquire, serve, grow and retain customers throughout the entire relationship lifecycle. TeleTech offers solutions to a variety of industries including financial services, transportation, communications, government, healthcare and travel. With a presence that spans North America, Asia-Pacific, Europe, and South America, TeleTech provides comprehensive customer care services to global organizations. Additional information on TeleTech can be found at www.teletech.com .

XTRA PROFILE

Xtra Limited is a wholly owned subsidiary of Telecom Corporation of New Zealand Limited and part of Telecom's Internet and Directory Services Group (IDSG), which includes Telecom Directories (Yellow Pages) and the Australian business ISP Connect.

Xtra is made up of two customer-facing business groups, one delivering ISP and online media services to the residential consumer market, the other focused on delivering innovative Internet solutions and the business Web site www.bzone.co.nz to businesses. The split in responsibilities ensures Xtra can deliver exceptional products and customer service to a diverse customer base with distinct and different needs.

Xtra has witnessed a phenomenal growth in demand for its services. The total number of hours Xtra customers spend online every week has doubled to 2.2 million since August 2000. The average Xtra customer spends 32% longer online every month now than they did a year ago, and the total amount of emails sent over Xtra's network every day nearly doubled between October 2000 and October 2001 to two million.

Additional information can be found at www.xtra.co.nz/media .

FORWARD LOOKING STATEMENTS

All statements not based on historical fact are forward-looking statements that involve substantial risks and uncertainties. In accordance with the Private Securities Litigation Reform Act of 1995, following are important factors that could cause TeleTech's actual results to differ materially from those expressed or implied by such forward-looking statements: including TeleTech's ability to predict future revenue and associated costs, lower than anticipated customer interaction center capacity utilization; the loss or delay in implementation of a customer management program; TeleTech's ability to build-out facilities in a timely and economic manner; greater than anticipated competition from new entrants into the customer care market, causing increased price competition or loss of clients; the loss of one or more significant clients; higher than anticipated start-up costs associated with new business opportunities and ventures; as well as the potential volume or profitability of any future technology or consulting sales; TeleTech's agreements with clients may be canceled on relatively short notice; and TeleTech's ability to generate a specific level of revenue is dependent upon customer interest in and use of the products and services of TeleTech's clients. Readers are encouraged to review TeleTech's 2000 Annual Report on Form 10-K, first, second and third quarter 2001 Form 10-Qs, and other publicly filed documents which describe other important factors that may impact TeleTech's business, results of operations and financial condition. TeleTech undertakes no obligation to update its forward-looking statements after the date of this release.

SOURCE TeleTech Holdings, Inc.

CONTACT: Investor Contacts, Karen Breen, +1-303-397-8592,
Karen.breen@teletech.com, or Dan Campbell, +1-303-397-8634,
Dan.campbell@teletech.com, both of Investor Relations of TeleTech Holdings, Inc.