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iBasis
Agreement with China's Third Largest Carrier, JITONG
Communications, Significantly Expands Presence in
China
Chinese
Provider to Route Voice and Fax Traffic over the iBasis
Global Network; iBasis Now Able to Deliver International
Traffic to Every Province in China
URLINGTON, Mass.,
June 21, 2000-iBasis, Inc., (Nasdaq: IBAS), the
leader in advanced Internet-based communications,
today announced that China's third largest carrier,
JITONG Communications Co., Ltd. (JITONG), has chosen
the iBasis Network™ for global Internet Telephony.
Under the terms of the agreement, JITONG will be able
to send international voice and fax traffic over the
iBasis Network, the world's largest Cisco Powered
Network for Internet Telephony. In addition, JITONG
will complete international calls from the iBasis
Network to destinations in China.
The JITONG Communications IP network spans 45 cities
within China, including Beijing, Shanghai, Guangzhou,
Shenzhen, Wuhan, Dalian, Qingdao, Shenyang, Chongqing
and Changchun, and provides telecommunications services
to each of the country's provinces. JITONG is one
of only five carriers within China that has received
a telecommunications license from the Chinese Ministry
of the Information Industry.
"The iBasis Network allows us to cost effectively
expand our reach across the world and continue to
provide our customers with superior, toll quality
Voice over IP connections regardless of the call destination,"
said Ming Qiu Qi, CEO of JITONG Communications. "iBasis'
proven, well-established track record in delivering
the highest quality of telecommunications service
made our choice of iBasis an easy one."
"With more than 1.2 billion people, China represents
a very large market opportunity for delivering IP-based
communication services," said Ofer Gneezy, president
and CEO of iBasis. "With our connection into
JITONG's extensive country-wide network, iBasis can
look forward to servicing a greater percentage of
the rapidly growing Chinese market with our world-class
communications capabilities."
This announcement with JITONG expands iBasis’ already
significant presence in the Asian telecommunications
market. iBasis has previously announced interconnection
agreements with some of Asia’s largest carriers, including
China Unicom and China Mobile (China’s second largest
carrier and the world’s largest wireless carrier,
respectively), as well as Japan’s NTT, The Communications
Authority of Thailand, Korea’s Dacom and Australia’s
Telstra.
The iBasis Network
The iBasis Network is the world's largest international
Cisco Powered Network (CPN) for Internet telephony.
iBasis is the only Internet telephony carrier that
guarantees service quality by offering the industry's
first Service Level Agreement (SLA) for VoIP (Voice-over-Internet-Protocol).
The key to maintaining the high level of quality required
by the world's largest carriers is the company's proven,
proprietary Assured Quality Routing™
(AQR™) technology. At the company's 24 x 7 Network
Operations Center (NOC), the nerve center of The iBasis
Network, located at iBasis' global headquarters in
Burlington, Massachusetts, USA, engineers continuously
monitor the global circuit-switched (PSTN) and packet-switched
(IP) networks to ensure the highest quality of service
to customers worldwide.
iBasis has a long-standing strategic relationship
with Cisco, as an alliance partner, an ecosystem partner,
and one of only 21 Cisco service provider global accounts.
About JITONG Communications Co., Ltd
JITONG Communications Co. , Ltd. (JITONG) is
a joint stock company sanctioned by the State Economic
and Trade Commission and registered at the Administration
Bureau of Industry and Commerce on Jan.12th, 1994.
The shareholders consist of some state-owned, large-scale
electronic enterprises such as the Rainbow (Caihong)
Group and China Electronic Information Industry Group.
JITONG is administered by the Ministry of Information
Industry, and is a high technology enterprise with
the purpose of developing modern communication technology
and electronic information technology, serving the
national economy and promoting the people's living
standard. Aiming at both the domestic and the international
markets, JITONG tries to realize the integration of
science, industry and trade, and combine manufacturing
with utilization. JITONG is the owner of the Golden
Bridge Project.
Since 1997, JITONG has established ten branches in
cities of Beijing, Shanghai, Guangzhou, Shenzhen,
Wuhan, Dalian, Qingdao, Shenyang, Chongqing and Changchun.
JITONG has adopted modern enterprise operation systems
that provide services such as satellite communications,
Internet access, Intranet/Extranet implementation,
domain name and IP address application, and training,
etc.
About iBasis
Founded in 1996, iBasis (Nasdaq: IBAS) is the leader
in advanced Internet-based communications. iBasis
has built the world's first global IP network that
delivers toll quality voice and fax service and other
advanced hosted communications solutions, including
VoCore, to global tier one carriers and other service
providers. The iBasis Network™ is the world's largest
international Cisco Powered Network for Internet telephony.
More than 70 international carriers are iBasis customers,
including 11 of the top 12 US international carriers.
The company can be reached at its worldwide headquarters
in Burlington, Mass., USA at 781-505-7500 or on the
Internet at www.ibasis.net.
Except for historical information, all of the expectations,
projections and assumptions contained in the foregoing
press release 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, the considerations described
as "Risk Factors" in iBasis' prospectus
dated March 9, 2000, and the company's other SEC filings.
Assured
Quality Routing is a registered trademark and iBasis
and The iBasis Network are trademarks of iBasis, Inc.
Cisco and Cisco Powered Network are registered trademarks
of Cisco Systems, Inc.
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