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CAT Telecom Connects with iBasis for International VoIP Service
BURLINGTON, MASS. - September 02, 2003 - iBasis, Inc. (OTCBB: IBAS), the leader in Internet-based voice communications, today announced that CAT Telecom Public Company Limited (CAT), has directly interconnected with The iBasis Network™ for international voice services. By interconnecting with The iBasis Network, CAT is able to benefit from the economics of global Internet telephony and the efficiency of iBasis' many carrier agreements to terminate international voice traffic.
CAT joins the more than 170 carriers worldwide who have formed partnerships with iBasis to send and receive international long distance calls over the company's Cisco Powered Network, which has carried more than six billion minutes of international calls. By providing Tier One quality international service to these carriers, iBasis has become one of the world's 10 largest carriers of international traffic1 and was recently ranked by global service providers as the world's best international wholesale carrier2.
"In preparation for its imminent privatization, CAT is taking advantage of our cost-efficient high quality international network," said Ofer Gneezy, president and CEO of iBasis. "By leveraging our many carrier relationships around the world, CAT is able to concentrate on enhancing its competitive position as a leading retail carrier in Thailand, confident that it is delivering the high quality international service."
"Our interconnection with iBasis is enabling CAT to provide the quality and breadth of our international service as we move toward a competitive telecommunications market in Thailand," said Kittin Udomkiat, Senior Executive Vice President of Telecommunications System, CAT. "As a leader in international VoIP, iBasis has proven its commitment to the same qualities that drive CAT—innovation, quality, and customer service."
According to Telegeophraphy 2003, Asia Pacific is the fastest-growing international telecommunications market in the world, experiencing more than 14% growth and representing more than 17% of total worldwide international PSTN minutes from 2000 to 2001. The region accounts for more than 25% of international VoIP traffic, which is growing at more than 80% per year. With its agreement with CAT, iBasis now has the opportunity to carry some of the more than 400 million minutes of voice traffic that originate in Thailand annually.
About CAT
Before its corporatization on 14th August 2003, the Communications Authority of Thailand (CAT), a state-owned enterprise, was responsible for the provision of both national postal and telecommunications services. Upon the corporatization, the postal and telecommunication sectors of CAT have been transformed into the separate companies under the name of Thailand Post Company Limited (THP) and CAT Telecom Public Company Limited (CAT) respectively. According to the government's plan, CAT will be listed in Stock Exchange of Thailand (SET) in the first quarter of next year. As a communication hub linking Thailand with the whole world, CAT is committed to relentlessly develop its national telecom infrastructure and provide the world-class quality services, by constructing both optical fiber submarine cables and satellite networks as well as investing in the intelligent network of ATM switching system. Not only to effectively provide a variety of multimedia telecommunication services, but also CAT wants to ensure the ultimate satisfaction of customers. More information about company and services of CAT can be reached at www.cat.or.th.
About iBasis
Founded in 1996, iBasis (OTCBB: IBAS) is a leading provider of wholesale international telecommunications services. The company was named by service providers for two consecutive years as the best international wholesale carrier in Atlantic-ACM's annual International Wholesale Carrier Report Card. iBasis is a preferred provider for many of the largest carriers in the world, including AT&T, Cable & Wireless, China Mobile, China Unicom, Sprint, Telefonica, Telenor, Telstra, and MCI. iBasis has carried more than six billion minutes of international voice traffic over its global Cisco Powered Network™, and is one of the ten largest carriers of international voice traffic in the world. Based on its revenue growth from 1997 through 2001, iBasis was ranked the #8 fastest-growing technology company in North America and the #1 fastest-growing technology company in New England in the Technology Fast 500 national program sponsored by Deloitte & Touche. The company can be reached at its worldwide headquarters in Burlington, Massachusetts, USA at 781-505-7500 or from this website.
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