Pingo Lowers the Cost of Calls to Mobile Phones in More Than 100 International Destinations23 June 2005
Pingo(TM), the prepaid calling card service of iBasis (OTCBB: IBAS - News), today announced lower rates on calls to mobile phones in more than 100 countries, accounting for more than 600 million overseas mobile phone subscribers. The reductions are the result of RateWatcher(TM), a feature of Pingo that actively searches for opportunities to reduce rates and pass the savings along to Pingo phone card subscribers.
Pingo takes advantage of the iBasis global VoIP network to enable consumers to purchase directly the same high quality long distance calling service the company provides on a wholesale basis to its large carrier customers. The RateWatcher feature strengthens Pingo's position as "the last calling card you'll ever need(TM)".
With RateWatcher, Pingo calling card customers benefit from the worldwide buying power of iBasis, one of the ten largest carriers of international phone calls in the world. By actively monitoring changing long distance costs around the world, RateWatcher finds opportunities to lower Pingo's costs, provide low international calling rates, and save Pingo subscribers from the chore of having to compare rates from a multitude of prepaid calling card offerings. RateWatcher reinforces Pingo's competitive position and broadens its customer base by reducing the costs of calls to many of the most popular international calling destinations from the U.S.
"In spite of the tremendous growth in mobile phone adoption worldwide, calls to international mobile phones continue to be about the most expensive calls you can make," said Ed Weisberg, vice president of eCommerce and Pingo at iBasis. "As one of the world's largest carriers of international traffic, iBasis is able to carry a large volume of calls to almost one billion mobile phones around the world. As a result of this market position, we're able to generate savings for our Pingo customers that users of other services can only dream about."
RateWatcher Reduces Pingo Rates to Mobile Phones
Effective immediately, Pingo has reduced its rates on calls to mobile phones in more than 100 countries including the United Kingdom, France, Spain, and Russia, Argentina, Brazil, Guatemala, and Haiti, Japan, Vietnam, Pakistan, and Taiwan. A complete listing of Pingo rates is available at www.pingo.com/rates.do.
Rates on other routes around the world continue to be adjusted on an ongoing basis as RateWatcher reveals opportunities to pass more cost savings on to Pingo customers.
About Pingo
Pingo offers consumers high quality international calling services on a prepaid basis. Pingo customers save on calls to and from both landline and mobile phones. Mobile phone users in particular can save as much as 90% on international calls by using Pingo's toll-free access and lower rates on international calls. Minutes can be purchased using credit cards and debit cards at www.pingo.com. New customers begin saving immediately with a sign-up bonus of $5 worth of free calling and can receive additional $5 credits by successfully referring their friends to the Pingo service. Pingo leverages the iBasis global VoIP network, which includes direct connections to more than 100 countries worldwide and interconnections with more than 280 carrier customers.
About iBasis
Founded in 1996, iBasis (OTCBB: IBAS - News) 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 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.
Assured Quality Routing and iBasis are registered marks, Pingo, DirectVoIP, PremiumCertified, RateWatcher, The iBasis Network, and the last calling card you'll ever need are trademarks or servicemarks of iBasis, Inc. All other trademarks are the property of their respective owners.
(1)Telegeography 2005 data compared with iBasis 2004 traffic volume.
(2)ATLANTIC-ACM International Wholesale Carrier Report Card - 2002, 2003, 2004, & 2005.
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Contact:
Media:
iBasis, Inc.
Chris Ward, 781-505-7557
cward@ibasis.net
or
Investors:
iBasis, Inc.
Richard Tennant, 781-505-7409
ir@ibasis.net
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Source: iBasis
Source: Business Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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