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Comindico, Leading IP Network in Australia, Selects iBasis for International VoIP Interconnect
Direct VoIP Interconnection with Converged IP Network Establishes Seamless International VoIP Service for Fast-Growing Provider
BURLINGTON, Mass., March 01, 2004 -- iBasis, Inc. (OTCBB: IBAS), the leader in Internet-based voice communications, today announced that Comindico, a leading provider of IP-based communications services in Australia, has established a direct VoIP interconnection with The iBasis Network™ for international voice services. Through its interconnection with iBasis, Comindico is enabling its business and wholesale customers in Australia to benefit from cost-efficient new international communications services, as well as gaining revenue from completing calls for iBasis over Comindico's extensive network in Australia.
Comindico joins the more than 230 carriers worldwide who have formed relationships with iBasis to send and receive international long distance calls over the company's Cisco Powered Network, which has carried more than eight 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 ranked by global service providers as the world's best international wholesale carrier2.
"iBasis is very pleased to interconnect with Comindico, the leading converged IP network in Australia, to provide seamless worldwide VoIP service to Comindico's customers throughout Australia," said John Tolton, iBasis vice president, Asia-Pacific. "Increasingly, incumbent carriers and emerging service providers like Comindico are embracing VoIP to provide innovative new services to their retail customers. Our ability to deliver the efficiencies of VoIP interconnections helps them get new services to market and generate revenues quickly."
"As the leading provider of IP-based communications services in Australia, we wanted to work with a proven global VoIP provider that would deliver the high quality of service our business and wholesale customers require," said John Stuckey, CEO, Comindico. "We're very excited to have iBasis play an integral role in the delivery of Comindico's VoIP services."
About Comindico
Comindico was founded in 2000 by several of Australia's largest companies to develop and roll out a national IP network to rival the incumbent legacy carriers. The Company built Australia's first and largest fully convergent network capable of carrying voice, data and video simultaneously. After spending over $400 million, Comindico has a network platform that is both sustainable and competitive, and a business model that is in touch with the rest of the world - a network for this generation. Comindico provides a full suite of high quality services for the wholesale, carrier, business and government markets, delivering carrier-grade services to over 98.5% of metropolitan and regional Australia. More information is available at www.comindico.com.au.
About iBasis
Founded in 1996, iBasis (OTCBB: IBAS) is a leading provider of wholesale international telecommunications services. For the past two years the company has been named by service providers as the best international wholesale carrier in Atlantic-ACM's annual International Wholesale Carrier Report Card3. iBasis is a preferred provider for many of the largest carriers in the world, including AT&T, Cable & Wireless, China Mobile, China Unicom, MCI, Sprint, Telefonica, Telenor, and Telstra. 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 world4. In addition to its wholesale international telecommunications services, iBasis provides retail prepaid calling cards to major distributors, utilizing the international iBasis Network. 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 on the Internet at www.ibasis.com.
The New England Technology Fast 50 program is presented by Deloitte & Touche and Hale and Dorr, in association with the sponsor, Mazonson Inc. In addition, Mass High Tech and Trinity Communications are associated with the program.
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