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Orbitel_FINAL
Leading Colombian Carrier Selects iBasis for Global Service
Orbitel Connects to The iBasis Network; Interconnection Extends iBasis VoIP Leadership, Network Footprint in South America
BURLINGTON, MA -July 1, 2002 -iBasis, Inc. (Nasdaq: IBAS), the leader in Internet-based voice communications, today announced that Orbitel, a leading carrier in Colombia, is interconnecting with The iBasis NetworkTM for global service. Orbitel's interconnection to iBasis will enable Orbitel to route international voice traffic over The iBasis Network and allow iBasis to expand its service to Colombia using Orbitel's extensive domestic network. Colombia is one of the largest telecommunications markets in South America and is the third-largest Latin American calling destination from the U.S.1
Orbitel can route its international voice traffic over The iBasis Network through an iBasis Internet Branch Office (IBO) facility, enabling an efficient, low cost, high quality IP-to-IP interconnection. An iBasis IBO comprises VoIP gateways and related interconnection equipment from Cisco Systems. By providing Tier One quality international service to more than 150 carriers, iBasis has become one of the world's 15 largest carriers of international traffic2 and was recently ranked by global service providers as the world's #1 international wholesale carrier3.
"Our interconnection to iBasis will help us keep our commitment to provide Colombia with more options for international communications," said Alejandro Ceballos, President and CEO of Orbitel. "As a leading carrier in one of South America largest markets, we sought global providers like iBasis that had a similar commitment to our region"
"We are very pleased to have the opportunity to help Orbitel, a leader in South American telecommunications, provide its customers global voice service over The iBasis Network, one of the world's most advanced communications infrastructures," said Ofer Gneezy, president and CEO of iBasis. "Every day, carriers across South America and around the world rely on iBasis for international service. They know that our customer service and engineering excellence is second to none, and that because we continually enhance the efficiency and quality of our network, it will remain reliable, and state-of-the-art for years to come."
iBasis in Latin America
The relationship highlights iBasis' significant market presence in Latin America - a region predicted to see a 50% annual growth rate in VoIP traffic through 20064. Through its more than 40 carrier relationships in the region, iBasis is able to provide service to Mexico, Argentina, Chile, and Colombia.
About Orbitel
Orbitel is a competitive, agile and innovative company dedicated to offering domestic and international telecommunications services in Colombia. Orbitel is the only long distance company administered through a private management model in Colombia. During its three years of operations, Orbitel has reached high rates of growth, both in incomes and profits, allowing the company to increase its value significantly and to be recognized as one of the fastest growing companies in the Colombian telecommunications industry.
Orbitel has a modern system of circuits and packages and a huge local and international transmission network, including shares in the fiber optics cables Maya I and Arcos, a Standard A Satellite Teleport, Points of Presence (PoPs) in the USA and a redundant fiber optic ring complemented with microwave links that guarantees service across the country. The Orbitel network ensures quality, capacity, safety and speed in communications to our clients. These, complemented with excellent human resources always focused on superior service, has enabled Orbitel to be recognized as the long distance company in Colombia with the highest levels of customer satisfaction and the market leader in both residential and corporate service.
Orbitel has consolidated its position not only as the carrier with the greatest percentage of outgoing long distance market share in the main cities of the country - Nielsen, Nov 2001 - but also as the absolute leader in Colombia's inbound long distance market. Orbitel can be found on the Internet at www.orbitel.com.co.
About iBasis
Founded in 1996, iBasis (Nasdaq: IBAS) is the leader in Internet-based voice communications. iBasis delivers toll quality international voice services and provides the infrastructure for hosted communications solutions, including speech-enabled content, e-commerce and customer service applications. The company's customers include many of the largest carriers and enterprises in the world, including AT&T, Cable & Wireless, China Mobile, China Unicom, ExxonMobil, Gannett, H&R Block, Home Shopping Network, Morgan Stanley, NTT, Qwest, Telefonica, Telenor, Telstra, Sabre Group, Sprint, Western Union, and WorldCom. iBasis' hosted, enhanced service solutions include SpeechPortTM, a scalable, customizable ASP environment for speech-enabled business solutions. The iBasis Network is the world's largest international Cisco Powered Network for Internet Telephony. iBasis is listed in both the Russell 2000® and Russell 3000® Indexes. iBasis 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; The iBasis Network, Internet Central Office, Internet Branch Office, IP CallCard and SpeechPort 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 services and the timing and amount of revenue 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 iBasis' Annual Report on Form 10-K for its fiscal year ended December 31, 2001, and the company's other SEC filings. We have no current intention to update any forward-looking statements.
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