Singapore (PRWEB) June 18, 2008
iBasis, Inc. (NASDAQ: IBAS), a KPN affiliate, has expanded its commercial and operational activities in the region in order to better pursue the significant opportunities for international voice and mobile data services in Asia.
In addition to its Network Operations Center in Hong Kong, iBasis is now present in Singapore, Korea, India, Japan, China, Australia, Malaysia and Vietnam. The strong presence in Asia positions the company well to address opportunities in different market segments - wholesale carriers, service providers and mobile operators that are increasingly recognizing the importance of an effective strategy for moving to IP and working with global partners that can help them to increase efficiency in their international business.
Concurrently, iBasis has expanded its product portfolio by integrating the leading products of both entities including KPN Global Carrier Services' International Premium Service (IPS), with its high quality and advanced feature-set for mobile operators. More than 100 mobile operators worldwide already rely on the IPS product for high quality international voice termination, guaranteed CLI and roaming, and can utilize iBasis Mobile Matrix portfolio of mobile data services, including MMS and SMS, to build average revenue per subscriber and customer loyalty.
The merger with KPN Global Carrier Services, completed in October 2007, immediately established iBasis as one of the largest international wholesale voice carriers in the world, and a premium carrier of international voice traffic. With approximately 24 billion minutes of annual international voice traffic, iBasis is now one of the largest carriers of international phone calls in the world.
"Today iBasis is one of very few international carriers with sufficient scale to be able to deliver high quality global termination successfully," said John Tolton, Vice President Asia-Pac. "Our focus is now on addressing the global requirements of our customers, especially Asian carriers - fixed and mobile - that are considering outsourcing some or all of their international traffic to gain greater efficiency in their international business and improve overall profitability. Our extensive footprint in the Americas combined with KPN Global Carriers Services' strong presence in Europe can immediately enhance the reach, efficiency and profitability of Asian carriers."
iBasis is already seeing strong demand for its international voice and mobile data services mainly from incumbent and mobile operators in Asia, and with 27 employees, iBasis Asia has managed to build up an impressive customer base. The company recently added Bangladesh Telegraph and Telephone Board (BTTB) as a customer.
"Asia is an important growth region for iBasis," said Ofer Gneezy, President & CEO, iBasis. "With our added scale and comprehensive service portfolio, iBasis is well positioned to be a leading strategic partner for Asian service providers that need to deliver high quality international service to their customers while focusing more of their resources on retail initiatives that promise higher margins, whether it's fixed mobile convergence or migrating their core networks and services to IP."
According to industry research firm Telegeography, switched international traffic from Asian countries grew 13% to 49.7 billion minutes in 2006. India has been the fastest growing Asian market in the past two years; traffic from India grew 49% in 2006, to 3.4 billion minutes. The rate of mobile take-up in Asia continues to rise. Subscribership in Asia surged 29% in 2006, compared with a 26% increase in 2005.
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 and enhanced services for mobile operators. iBasis customers include KPN, KPN Mobile, E-Plus, BASE, and many other large telecommunications carriers such as Verizon, Vodafone, China Mobile, China Unicom, IDT, Qwest, Skype, Telecom Italia, Telefonica, and Yahoo. In October 2007, iBasis acquired KPN Global Carrier Services to create one of the three largest carriers of international voice traffic in the world, and KPN became a majority stockholder of iBasis. On a pro forma basis, the combined company carried approximately 24 billion minutes of international voice traffic in 2007. The Company can be reached at its worldwide headquarters in Burlington, Mass., USA at +1 781-505-7500 or on the Internet at http://www.ibasis.com.
(1) Telegeography 2008 and iBasis pro forma 2007 traffic.
iBasis is a registered mark, and The iBasis Network is a trademark of iBasis, Inc. All other trademarks are the property of their respective owners.
Various remarks that we may make about future expectations, plans, and prospects for iBasis constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements include but are not limited to statements regarding our expectations of future opportunities or performance. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the Company's Form 10-K for the year ended December 31, 2007, and other current and periodic reports on file with the SEC.