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iBasis Launches Operations in Australia with New Regional Director and Network Facility in Sydney

With Global VoIP Network and Billions of Minutes of Traffic, Company Has Much to Offer Service Providers in Australia, New Zealand and Pacific Islands

BURLINGTON, MA — May 31, 2006 — iBasis, the global VoIP company™, today announced that it has named Stuart Thornton as Regional Director, Sales. He is responsible for growing the company's wholesale Trading business, including interconnecting with the emerging providers of VoIP services to residential and enterprise customers, as well as the fast-growing prepaid calling card services market in Australia.

"Australia and New Zealand represent a $31 billion communications services market, including more than 5 billion minutes of outgoing voice traffic annually," said Dan Powdermaker, Senior Vice President of Worldwide Sales of iBasis. "As in many other mature Asian markets, the growing availability of broadband Internet access and the consumer adoption of VoIP are creating tremendous opportunities for existing and new emerging service providers. Our global VoIP network enables us to offer all of them a very compelling solution for international termination."

As Regional Director of Sales, Mr. Thornton is responsible for all business development and sales activities in Australia, New Zealand and the Pacific Islands. In addition, Stuart manages the buying of termination capacity and the selling of iBasis' international termination services to incumbent carriers, mobile operators, and emerging consumer VoIP service providers in the region. Previously, Mr. Thornton was Senior Business Development Manager for MCI Australia.

iBasis has also established facilities in Sydney designed to accommodate direct interconnection via TDM or IP with carrier customers in the region. The iBasis Network™, the Company's global VoIP infrastructure, comprises more than 1,000 points of presence and offers international termination over its direct routes to more than 100 countries. The company can also help carriers in the region expand their revenues by terminating traffic from The iBasis Network. In 2005, iBasis carried approximately eight billion minutes of international phone calls over its network, a volume that places the company firmly among the world's largest carriers of international voice traffic.

About iBasis Founded in 1996, iBasis (OTCBB: IBSE) is a leading wholesale carrier of international long distance telephone calls and a provider of retail prepaid calling services, including the Pingo® web-based offering (www.pingo.com) and disposable calling cards, which are sold through major distributors and available at retail stores throughout the U.S. iBasis customers include many of the largest telecommunications carriers in the world, including AT&T, Cable & Wireless, China Mobile, China Unicom, Verizon, Sprint, Skype, Yahoo, and Telefonica. For four consecutive years service providers named iBasis the best international wholesale carrier in ATLANTIC-ACM's annual International Wholesale Carrier Report Card . 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.

   
 
 
     

 

 


1 ATLANTIC-ACM International Wholesale Carrier Report Card—2002, 2003, 2004, & 2005.

iBasis and Pingo are registered marks; The iBasis Network and the global VoIP company are trademarks of iBasis, Inc. All other trademarks are the property of their respective owners.

Except for historical information, all of the expectations, plans and assumptions contained in the foregoing press release constitute forward-looking statements under Section 21E of the Securities Exchange Act of 1934 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 Company's ability to execute its business plan; (ii) the Company's ability to meet the listing requirements of NASDAQ, (iii) the extent of adoption of the Company's services and the timing and amount of revenue and gross profit generated by these services; (iv) fluctuations in the market for and pricing of these services; and (v) the other considerations described as "Risk Factors" in the Company's most recent Forms 10-K and 10-Q, and the Company's other SEC filings. Such forward-looking statements are only as of the date they are made, and we have no current intention to update any forward-looking statements.