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iBasis Provides Interconnection for New VoIP Service in Cambodia
AZ Communications Leverages iBasis Expertise, Infrastructure to Establish New International Communications Services
BURLINGTON, Mass., March 08, 2004 -- iBasis, Inc. (OTCBB: IBAS), the leader in Internet-based voice communications, today announced that AZ Communications, an emerging IP-based communications service provider in Cambodia, has established a direct VoIP interconnection with The iBasis Network™ for international voice services. Through its interconnection with iBasis AZ Communications is enabling the Cambodian people to benefit from cost-efficient new international communications services, as well as gaining revenue from completing calls for iBasis over AZ Communications' network in Cambodia.
AZ Communications 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 recently ranked by global service providers as the world's best international wholesale carrier2.
"Carriers of all kinds, from the large national carriers to emerging service providers like AZ Communications are recognizing the value of direct VoIP interconnections with the iBasis Network," said Ofer Gneezy, president and CEO of iBasis. "By leveraging our VoIP expertise and our many carrier relationships around the world, AZ Communications is able to deliver high quality international service to an otherwise underserved market."
"We wanted to work with a global provider that would support our high quality of service for our customers while expanding our global communications footprint cost effectively through VoIP," said Oknha Ing Bun Hoaw, Chairman and CEO of AZ Communications. "iBasis is a very strategic provider for us. They have been instrumental in helping us get our VoIP services to market quickly and efficiently."
iBasis in Asia
iBasis has significant market presence throughout Asia - a region that has experienced annual growth in VoIP traffic by 95% in 2002, and continues to account for approximately 30% of international VoIP traffic . iBasis has achieved significant market share in Asia voice traffic through its relationships with many of the regions leading carriers and PTTs, including China Unicom, China Mobile, China Netcom, CAT Telecom (Thailand), Data Access (India), KDDI, Telstra, and others.
About AZ Communications
AZ Communications entered into Business Cooperation Contract with the Ministry of Post and Telecommunications to exclusively offer VoIP based international telecommunication services in the Kingdom of Cambodia. Having quickly established the VoIP infrastructure for inbound call termination services, AZ Communications is preparing to launch its outbound international calling service. The Company's infrastructure enables it to launch many innovative IP-based services, including a specialized low-cost calling service for internet cafes. Through innovation and quality of service, AZ Communications intends to be a leading provider of IP communications services in Cambodia.
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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