Pakistan's National Carrier Selects iBasis as First VoIP Interconnection for International Voice Services19 December 2005
iBasis, Inc. (OTCBB: IBAS), a leader in international long distance, VoIP, and prepaid calling cards, today announced that Pakistan Telecommunication Company Limited (PTCL), the national carrier of Pakistan, has interconnected with The iBasis Network(TM) for international VoIP services. The interconnection enables PTCL to route international voice traffic over The iBasis Network, the leading global VoIP network, as well as complete calls for iBasis over its extensive network in Pakistan.
PTCL has taken advantage of the iBasis DirectVoIP(TM) interoperability solution to implement a direct IP connection between its Huawei IP Backbone infrastructure and iBasis' global VoIP network, which comprises direct routes to more than 100 countries. Huawei is one of many iBasis DirectVoIP Certified equipment providers, which simplified the process of interconnecting the PTCL infrastructure to iBasis' Cisco Powered(TM) network.
With the encouragement of the Pakistani government, PTCL is continuing its technology leadership by moving forward with VoIP. Through the interconnection with iBasis, PTCL is helping Pakistani people at home and abroad benefit from the lower costs of VoIP while receiving toll-quality international service. iBasis is benefiting from PTCL's extensive resources in the country and gaining greater capacity, quality, and cost efficiency for its traffic to Pakistan.
"PTCL is an innovative incumbent carrier embracing the benefits of VoIP to enhance the Pakistan's communications capabilities," said Ofer Gneezy, president and CEO of iBasis. "We look forward to helping them to expand their VoIP services even while we leverage this relationship to grow our traffic to Pakistan."
About PTCL
PTCL is the leading provider of voice, data, and Internet services in Pakistan. The company has deployed an extensive state-of-the-art digital network and strives to take advantage of leading-edge technologies to deliver innovative services cost-efficiently. The Company can be reached at www.ptcl.com.pk.
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(R) 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 four 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.
iBasis and Pingo are registered marks. 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.
Contacts
iBasis, Inc.
Media:
Chris Ward, 781-505-7557
cward@ibasis.net
or
Investors:
Richard Tennant, 781-505-7409
ir@ibasis.net
Source: Business Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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