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Telecorp Selects iBasis for International Voice Services; One of Australia's Largest Prepaid Calling Card Provider Partners with iBasis to Provide High Quality International Services to their Retail ConsumersSINGAPORE --(Business Wire)-- June 15, 2005 -- iBasis, Inc. (OTCBB: IBAS), a leader in international long distance, VoIP, and prepaid calling cards, announced today at the CommunicAsia 2005 conference that Telecorp, a leading prepaid service provider in Australia, has interconnected with The iBasis Network(TM) for international voice services. The interconnection with iBasis enables Telecorp to route international voice traffic over The iBasis Network, the leading global VoIP network, as well as complete calls for iBasis over the Telecorp network in Australia. Telecorp is taking advantage of iBasis' PremiumCertified(TM) international routing product, which is specifically designed to deliver the highest quality and stability for international termination of calls originated by retail consumers. PremiumCertified features more than 700 routes that are actively monitored and managed to deliver quality that meets or exceeds retail quality benchmarks. Through a direct IP interconnect, retail carriers can fully leverage iBasis VoIP expertise including sophisticated network performance monitoring and call routing systems based on the company's patent-pending Assured Quality Routing technology. Telecorp is also benefiting from the lower capital and operational costs of VoIP and will have immediate access to iBasis' global VoIP network, which comprises more than 100 on-net countries. The relationship with Telecorp provides iBasis with greater opportunity to capture a significant share of the more than three billion minutes of annual international traffic that originates in Australia. "One of the major trends changing the global telecommunications landscape today is the rapid migration of voice traffic from large international exchange carriers to local service providers," said Ofer Gneezy, president and CEO of iBasis. "By leveraging our traffic exchange relationships with hundreds of carriers around the world, local service providers like Telecorp are able to deliver high quality international service while continuing to focus on growing their portfolio of consumer services and market share." "As the leading provider of prepaid services to consumers and businesses in Australia, we wanted to work with a global provider that shared our commitment to high quality and customer service," said Steve Picton, Telecorp CEO. "With their VoIP expertise and global footprint, iBasis is also able to help us grow and expand our target audience in the fast-growing calling card services market." The interconnection with Telecorp enables iBasis to strengthen its presence in Australia. Paul Budde Communication, a leading independent telecommunications research firm, forecasts the prepaid calling card market in Australia to be approximately $ 300 million in 2006, achieving 36% growth compared to 2004. About Telecorp Telecorp is a service oriented communications company that concentrates on the rapidly growing prepaid market - providing customer-driven, value-added services to the consumer and business markets. Telecorp supports businesses, consumers and retailers with a wide range of communication solutions. These include calling card services (both prepaid and postpaid), complete voice services (including local calls and line rental), postpaid mobile services, Internet services (both broadband and dialup), teleconferencing and messaging. Telecorp uses separate brands to access discrete markets including CardCall Pty Ltd for prepaid phonecards, GOtalk Pty Ltd targeting residential and business markets and Global Card Services, Telecorp's virtual phonecard operator. Telecorp is committed to providing low competitive rates backed up by exceptional quality and dedicated customer service. For more information visit www.telecorp.com.au. About iBasis Founded in 1996, iBasis (OTCBB: IBAS) is a leading wholesale carrier of international long distance telephone calls and a provider of retail prepaid calling services, including the Pingo(TM) web-based offering (www.pingo.com) and disposable calling cards, which are sold through major distributors and available at retail stores throughout the U.S. iBasis customers include many of the largest telecommunications carriers in the world, including AT&T, Cable & Wireless, China Mobile, China Unicom, MCI, Sprint, Skype, and Telefonica. iBasis carried approximately 5 billion minutes of international voice over IP (VoIP) traffic in 2004, and is one of the ten largest carriers of international voice traffic in the world(1). For three consecutive years service providers named iBasis the best international wholesale carrier in ATLANTIC-ACM's annual International Wholesale Carrier Report Card(2). iBasis was also ranked among the fastest-growing technology companies in New England in the 2002, 2003, and 2004 Technology Fast 50 programs sponsored by Deloitte & Touche. The Company can be reached at its worldwide headquarters in Burlington, Massachusetts, USA at 781-505-7500 or on the Internet at www.ibasis.com. Assured Quality Routing and iBasis are registered marks, Pingo, DirectVoIP, PremiumCertified, and The iBasis Network are trademarks of iBasis, Inc. All other trademarks are the property of their respective owners. Except for historical information, all of the expectations, projections and assumptions contained in the foregoing press release, including those relating to the company's current expectations regarding revenue growth, sources of revenue, margin improvement, profitability, future capital expenditures, and cash flows constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties. Important factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, (i) the extent of adoption of the company's services and the timing and amount of revenue and margin generated by these services; (ii) fluctuations in the market for and pricing of these services; and (iii) the other considerations described as "Risk Factors" in the Company's most recent Forms 10-K and 10-Q, and the company's other SEC filings. We have no current intention to update any forward-looking statements. (1) Telegeography 2005 data compared with iBasis 2004 traffic volume. (2) ATLANTIC-ACM International Wholesale Carrier Report Card - 2002, 2003, 2004 & 2005. |
