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Final_Hutchinson
iBasis and Hutchison Corporate Access Sign Network Partnership
Agreement Expands Hutchison Corporate Access International Services;
Extends iBasis Footprint Across Asia
BURLINGTON, MA and HONG KONG - March 6, 2001 - iBasis, Inc., (Nasdaq: IBAS), the leader in advanced Internet-based voice communications, today announced that Hutchison Corporate Access (HCA) (H.K.) Ltd. has chosen the iBasis NetworkTM for Internet telephony services. The agreement enables HCA to expand its international services by routing traffic over the iBasis Network. In addition, iBasis, by connecting to Hutchison Corporate Access's extensive regional and global network, will be able to broaden its already significant footprint in the rapidly growing Asian communications markets.
Hutchison Corporate Access provides high quality telecommunications and Internet services to global enterprise and carrier customers in Hong Kong and across Asia.
"Our corporate and carrier customers choose Hutchison Corporate Access for our service quality, which is second to none," said David Manion, CEO of Hutchison Corporate Access. "Our choice of iBasis, the quality leader in Voice-over-IP, as one of our global providers reflects the commitment we have to offer our customers the best and most advanced communications services available."
"Asia has, from the beginning, been a strong and strategic market for iBasis," said Ofer Gneezy, president and CEO of iBasis, Inc. "This agreement with Hutchison Corporate Access provides us with additional capacity to Hong Kong and other Asian markets, as well as a highly successful regional partner that will be able to help us to increase our traffic volume to and from Hong Kong and other parts of Asia, further improving our overall network utilization and operating margins."
The iBasis Network: Carrier-Class VoIP
Many of Asia's largest carriers route international voice and fax traffic over The iBasis Network, including China Mobile, China Unicom, Jitong Communications, China Netcom, NTT, Telstra and The Communications Authority of Thailand. The iBasis Network is a robust, global platform for the delivery of IP-based communications services, including wholesale, phone-to-phone VoIP and enhanced services, such as unified communications and speech-enabled business solutions. The company's global network delivers IP-based voice services using Internet Telephony equipment from Cisco Systems deployed in large, carrier-class switching and application hosting facilities called Internet Central OfficesTM, strategically located in Amsterdam, Cambridge (Mass.), Frankfurt, Hong Kong, London, Los Angeles, Miami, New York, Paris, Singapore, Stockholm, Sydney, Tokyo, and Toronto. The network also comprises numerous smaller points of presence called Internet Branch OfficesTM, which play an important role in connecting providers to iBasis services. With this global infrastructure in more than 45 countries and through its relationships with other communications providers, iBasis can provide IP-based voice services virtually anywhere in the world.
iBasis is the only provider 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 RoutingTM (AQRTM) technology. At the company's 24 x 7 Network Operations Centers (NOC) in Burlington, Mass., USA and Hong Kong, the nerve centers of The iBasis Network, engineers continuously monitor the global circuit-switched (PSTN) and packet-switched (IP) networks to ensure the highest quality of service to customers worldwide.
About iBasis
Founded in 1996, iBasis (Nasdaq: IBAS) is the leader in advanced Internet-based voice communications. iBasis delivers toll quality international voice services and provides the infrastructure for hosted communications solutions, including unified communications and speech-enabled content, e-commerce and customer service applications. The company's customers include many of the largest enterprises and carriers in the world, including AT&T, Cable & Wireless, China Mobile, China Unicom, Concert, ExxonMobil, Gannett, H&R Block, Home Shopping Network, Morgan Stanley, NTT, Telstra, Sabre Group, Sprint, Western Union, WorldCom, and Verizon. iBasis' hosted, enhanced service solutions include SpeechPortTM, a scalable, customizable platform for speech-enabled business solutions, VoCoreSM unified communications and the IP CallCardTM pre- and post-paid calling card platform. 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. 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 .
Assured Quality Routing and AQR are registered trademarks, VoCore is a service mark and iBasis, The iBasis Network, Internet Central Office, Internet Branch Office, IP CallCard, SpeechPort, IPort, and PriceInteractive are trademarks of iBasis, Inc. or its subsidiaries. Cisco and Cisco Powered Network are registered trademarks of Cisco Systems, 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 and future capital expenditures 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 new voice-based Internet services and the timing and amount of revenue generated by these services; (ii) fluctuations in the market for and pricing of VoIP services; and (iii) the other considerations described as "Risk Factors" in iBasis' Annual Report on Form 10-K for its fiscal year ended December 31, 2000, and the company's other SEC filings.
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