iBasis, Inc. is an international telecommunications carrier that utilizes the Internet to provide economical international telecommunications services. Its continuing operations consist of its voice-over Internet protocol (VoIP) business. The Company offers wholesale services through its worldwide network to carriers, telephony resellers and others worldwide by operating through various service agreements with local service providers in the United States, Europe, Asia, the Middle East, Latin America, Africa and Australia. During 2003, iBasis introduced its retail prepaid calling card services in the United States, and has marketed such services primarily to ethnic communities within major domestic markets through distributors.