[November 21, 2009] SEC Closes Investigation into iBasis Stock Option Granting Practice Tweet Nov 20, 2009 (Close-Up Media via COMTEX) -- iBasis, Inc., a KPN affiliate, announced it has been notified by the staff of the Securities and Exchange Commission (SEC) that the agency has terminated its investigation into the company's past stock option grant practices. According to iBasis, the staff does not intend to recommend any enforcement action against the company, or any of its current or former officers or directors. iBasis is a wholesale carrier of international long distance telephone calls and a provider of retail prepaid calling services and enhanced services for mobile operators. iBasis customers include KPN, KPN Mobile, E-Plus, BASE, TDC and many other telecommunications carriers such as Verizon, Vodafone, China Mobile, China Unicom, IDT, Qwest, Skype, Telecom Italia, and Telefonica. ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]