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iBasis
Announces Major VoIP Network Expansion in Europe;
Names New Regional Vice President to Drive European
Operations
Former
Teleglobe and FLAG Telecom Executive Tim Walsh to
Head Operations for Europe, Middle East and Africa;
Company Opens Regional Headquarters in London
LONDON, October
2, 2000-iBasis, Inc. (Nasdaq: IBAS), the leader
in advanced Internet-based communications, today announced
plans to more than triple the number of Internet Central
Offices in Europe as part of an aggressive plan to
expand its market presence and services in the region.
The company also announced that Tim Walsh, a former
Teleglobe and FLAG Telecom executive, will lead the
company's regional expansion as vice president for
Europe, Middle East and Africa (EMEA). Walsh will
be based in the company's new regional headquarters
in London.
iBasis already provides
IP-based services to more than 100 international providers,
including 11of the top 12 US international carriers*,
10 of the top 20 global carriers* and has established
carrier-class Internet Central OfficeTM facilities
in several major European hubs, including London,
Frankfurt and Amsterdam. The company is accelerating
its service expansion in Europe with deployments of
Internet Central Offices in Brussels, Copenhagen,
Madrid, Milan, Paris, Stockholm and Zurich expected
by the end of this year. iBasis currently provides
its toll-quality international services to 13 European
carrier customers, including several tier-one providers.
"With the continuing
deregulation, expansion of mobile services and increased
competition in European communications markets, carriers
and other service providers in Europe are seeking
new opportunities to work with proven providers like
iBasis who understand how to deliver toll-quality
VoIP and new, enhanced services that unify voice and
the Internet," said Ofer Gneezy, president and
CEO of iBasis, Inc. "With a proven European communications
executive like Tim Walsh driving our regional expansion
from our London headquarters, iBasis will have a dynamic
market presence in one of the world's largest and
fastest growing markets."
Tim Walsh brings 19
years of communications experience to iBasis. At Teleglobe
Europe, Tim helped launch the company's USA-Europe
video-on-fibre network and secure significant communications
contracts from major European broadcasters and tier-one
telecoms. While at FLAG Telecom, Tim led the expansion
of the company's submarine fibre wholesale business.
Prior to FLAG, Walsh held senior managerial positions
at British Aerospace Communications and Vyvx International,
a video-on-fibre subsidiary of Williams Communications.
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
VoCoreSM Unified Communications, to global tier one
carriers and other service providers. The iBasis Network
is the world's largest international Cisco Powered
Network for Internet Telephony and the first to receive
the Unified Communications Cisco Powered Network (UC-CPN)
designation. More than 100 international service providers
are iBasis customers including 11 of the top 12 U.S.
international carriers. iBasis is listed in both the
Russell 2000® and Russell 3000® Indexes. 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
.
*iBasis customers as
compared with US-based international carrier and global
carrier lists, as published in Telegeography 2000.
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 and AQR are registered trademarks, VoCore
is a service mark and iBasis, The iBasis Network,
Internet Central Office and Internet Branch Office
are trademarks of iBasis, Inc. Cisco and Cisco Powered
Network are registered trademarks of Cisco Systems,
Inc.
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