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iBasis Names VP of Business Development and Strategy

BURLINGTON, MA - DATE - iBasis, Inc. (NASDAQ: IBAS), the global VoIP company™, today announced that it has named Jayesh Patel to the new position of Vice President, Business Development and Strategy. Patel is responsible for the development of partnerships, alliances, eco-systems and overall corporate strategy.

"Jayesh brings years of experience driving business technology and strategy for fast-growth companies and has particular experience in developments that are driving the next generation of mobile services," said Ofer Gneezy, president and CEO of iBasis. "We are very pleased to have him join the senior management team, and we look forward to his contributions to iBasis’ continued growth and success."

Prior to joining iBasis, Patel held senior executive positions at leading communications technology companies including Xylogics, Bay Networks, and Newbridge Networks. Most recently, he was vice president and general manager of Mobile Packet Data Solutions for Alcatel, Inc. Patel joined Alcatel in 2004 following that company’s acquisition of WaterCove Networks, the mobile data infrastructure solutions company Patel founded in 2003. Patel holds a Bachelor of Science degree from Sussex University in England.

About iBasis

Founded in 1996, iBasis (NASDAQ: IBAS) 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 that are sold through major distributors and available at retail stores throughout the U.S. iBasis customers include many of the largest telecommunications carriers, including AT&T, Verizon, China Mobile, China Unicom, IDT, Qwest, Skype, Telecom Italia, and Telefonica. iBasis carried more than 11 billion minutes of international voice over IP (VoIP) traffic in 2006, and is one of the largest carriers of international voice traffic in the world(1). 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.



1Telegeography 2007 data compared with iBasis 2006 traffic volume

iBasis and Pingo are registered marks, and the global VoIP company is a trademark 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 extent of adoption of the Company"s services and the timing and amount of revenue and gross profit generated by these services; (iii) fluctuations in the market for and pricing of these services; (iv) the other factors described in the Company"s Quarterly Report on Form 10-Q for its most recently completed fiscal quarter and Annual Report on Form 10-K for its most recently completed fiscal year all of which are available at http://www.sec.gov. 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.