<PAGE>
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
EXHIBIT 99.1
INDEPENDENT AUDITORS' REPORT
To the Stockholders and Board of Directors of
Infonet Services Corporation
El Segundo, California
We have audited the consolidated financial statements of Infonet Services
Corporation and its subsidiaries as of March 31, 1999 and 2000, and for each of
the three years in the period ended March 31, 2000, and have issued our report
thereon dated June 12, 2000 (included elsewhere in this Annual Report on
Form 10-K). Our audits also included the financial statement schedule listed in
Item 14. This financial statement schedule is the responsibility of the
Company's management. Our responsibility is to express an opinion based on our
audits. In our opinion, such financial statement schedule, when considered in
relation to the basic consolidated financial statements taken as a whole,
presents fairly in all material respects the information set forth therein.
/s/ DELOITTE & TOUCHE LLP
-------------------------
Deloitte & Touche LLP
Los Angeles, California
June 12, 2000
SCHEDULE II
INFONET SERVICES CORPORATION AND SUBSIDIARIES
VALUATION AND QUALIFYING ACCOUNTS (DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
BALANCE AT CHARGED TO CHARGED BALANCE AT
BEGINNING COSTS AND TO OTHER END OF
DESCRIPTION OF PERIOD EXPENSES ACCOUNTS DEDUCTIONS PERIOD
----------- ---------- ---------- -------- ---------- ----------
<S> <C> <C> <C> <C> <C>
Allowances for doubtful
accounts and customer
credits
1998.................... $3,163 $1,608 $ (203) $717 $3,851
1999.................... 3,851 1,021 (891) 105 3,876
2000.................... 3,876 1,381 3,128 21 8,364
</TABLE>
