Message #47 From:
Stock News Bot Date: September 25, 2006 04:00:00 AM
IBAS News iBasis Expands Operations in India with Appointment of Regional Director
BURLINGTON, Mass.--(BUSINESS WIRE)--iBasis (NASDAQ: IBAS), the global VoIP company(TM), today announced the
expansion of its operations in India with the naming of Vinayak
Rajanahally as Regional Sales Director. Rajanahally is responsible for
growing the company's wholesale international voice business, including
International Long Distance (ILD) services for incumbent carriers,
emerging providers of consumer VoIP services, and the fast-growing call
center market in India.
"India is well positioned for leadership in the growing international
telecommunications and VoIP market," said Dan Powdermaker, Senior Vice
President of Worldwide Sales at iBasis. "By expanding our presence in
this populous region, we are adding sales capabilities and operational
support to respond to the increasing demand for rapid and cost-effective
global interconnects. Our global VoIP network enables us to offer a very
compelling solution for international termination."
According to an annual survey of the telecom industry conducted by Voice
& Data, the international long distance (ILD) segment of Indian
telecommunications increased dramatically - from 12% growth in 2004-05
to 90% growth in 2005-06. Based on Telegeography figures, 960 million
minutes of outbound international calls were placed from India in 2004.
Cellular services grew 57% from 2004 to 2005 and crossed the 100 million
subscriber mark at the end of May 2006.
As regional sales director Rajanahally will be based in Bangalore and
will lead all sales and business development functions in India. In
addition to expanding iBasis' existing relationships, Rajanahally will
also work to establish new strategic relationships with licensed
telecommunications providers, including fixed and mobile carriers, call
centers and call shop operators.
Rajanahally brings to iBasis significant telecommunications experience
in the region. He previously held senior management positions with
ComputerTel, Teleglobe, and ITXC (now part of VSNL). At ITXC, he was
instrumental in establishing 10% share of all the India voice
termination market within the first year of its operations.
Rajanahally will build on the relationships iBasis already has with
Reliance Communications Limited, India's largest private information and
communications services provider with a subscriber base of 23.7 millions
(as per July data), and with Sify Limited, India's premier provider of
Internet, network, and e-Commerce Services with the largest chain of
Cyber cafes in India.
The iBasis Network(TM), 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 (NASDAQ: IBAS) is a leading wholesale carrier of
international long distance telephone calls and a provider of retail
prepaid calling services, including the Pingo(R) 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 7.8 billion minutes of international
voice over IP (VoIP) traffic in 2005, and is one of the largest carriers
of international voice traffic in the world(1). For four consecutive
years service providers have named iBasis the best international
wholesale carrier in ATLANTIC-ACM's annual International Wholesale
Carrier Report Card(2). 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.
iBasis and Pingo are registered marks, and the global VoIP company and
The iBasis Network 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, including those
relating to the Company's anticipated revenue, earnings per share and
capital expenditures, 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
success of the Company's plans to contest the FCC ruling on prepaid
calling cards; and (v) 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 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.
(1) Telegeography 2005 data compared with iBasis 2004 traffic volume.
