Albacom Interconnects with iBasis for International VoIP Services; Leading Competitive Carrier in Italy Expands iBasis European Presence.Business Editors/High-Tech Writers BURLINGTON, Mass.--(BUSINESS WIRE)--June 10, 2003 iBasis, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : IBAS), the leader in Internet-based voice communications, today announced that Albacom, the leading competitive carrier in Italy, has interconnected with The iBasis Network(TM) for international telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. . By interconnecting with iBasis Albacom is able to route international voice traffic over The iBasis Network, the world's largest Cisco Powered Network for Internet telephony Another term for IP telephony and VoIP. In the late 1990s, some people made a distinction between Internet Telephony and VoIP: Internet telephony referred to voice over the public Internet, while VoIP referred to voice over private IP networks. , as well as complete calls for iBasis over Albacom's extensive network in Italy. Albacom joins the more than 170 carriers worldwide who have formed partnerships with iBasis. By providing Tier One quality international service to these carriers, iBasis has become one of the world's 10 largest carriers of international traffic(1) and was recently ranked by global service providers as the world's best international wholesale carrier(2). Italy's international traffic is growing rapidly. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. TeleGeography 2003, the volume of international telephone traffic outbound out·bound adj. Outward bound; headed away: outbound trains. Adj. 1. outbound - that is going out or leaving; "the departing train"; "an outward journey"; "outward-bound ships" from Italy to other countries has grown 48% from 3.3 billion minutes in 1999 to 4.8 billion minutes in 2001. Through its interconnection with Albacom, iBasis carries a portion of this traffic over the iBasis Network. In addition, iBasis sends traffic from its global network to Albacom for completion in Italy. "Fast-growing competitive carriers like Albacom are recognizing the compelling value proposition of Tier One quality VoIP from iBasis," said Ofer Gneezy, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of iBasis. "By leveraging our many carrier relationships around the world, Albacom is able to deliver the highest quality international service while maintaining its focus on developing innovative products and growing its customer base." About Albacom Albacom is the first and largest Italian operator focused on the telecommunications field dedicated to business, both in terms of the range of services offered as well as in terms of turnover. Founded in September 1995 as the result of a strategic agreement between BT (British Telecommunications) and Banca Nazionale del Lavoro Banca Nazionale del Lavoro SpA is an Italian banking firm. Founded in 1913 as Istituto di Credito per la Cooperazione, it was nationalized in 1929. It was re-privatized and listed on the Milan Stock Exchange in 1998, before being acquired by French banking group BNP Paribas , Albacom has seen the number of its shareholders increase with the arrival of Mediaset in May 1996 and of Eni in December 1997. With the arrival of the latter shareholder, the Albacom S.p.A. shareholders are as follows: British Telecommunications 23% and Banca Nazionale del Lavoro 22.5%, ENI 35% and Mediaset 19.5%.During the fiscal year ended March 31, 2002, Albacom had a turnover of 578 million Euro (+ 24% with respect to the preceding fiscal year) operating exclusively in the business market and counting on a portfolio that, today, exceeds 200,000 corporate clients. For further information, see www.albacom.it. About iBasis Founded in 1996, iBasis (OTCBB: IBAS) is a leading provider of wholesale international telecommunications services. Named by service providers in each of the last two years as the #1 international wholesale carrier in Atlantic-ACM's annual International Wholesale Carrier Report Card, iBasis is a preferred provider for many of the largest carriers in the world. Customers include AT&T, Cable & Wireless, China Mobile, China Unicom China Unicom, full name China United Telecommunications Corporation, 中国联通, HKSE: 0762 NYSE: CHU, is a telecommunication operator in the People's Republic of China. 52. , Sprint, Telefonica, Telenor, Telstra, and WorldCom. The company's global VoIP infrastructure, The iBasis Network(TM), is the world's largest international Cisco Powered Network(TM) for Internet Telephony. Based on its revenue growth from 1997 through 2001, iBasis was ranked the #8 fastest-growing technology company in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and the #1 fastest-growing technology company in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. in the Technology Fast 500 national program sponsored by Deloitte & Touche. The company can be reached at its worldwide headquarters in Burlington, Massachusetts Burlington is a town in Middlesex County, Massachusetts, United States. The population was 22,876 at the 2000 census. History Burlington was first settled in 1641 and was officially incorporated on February 28, 1799. , USA at 781-505-7500 or on the Internet at www.ibasis.com. Assured Quality Routing and iBasis are registered marks, The iBasis Network, Internet Central Office, Internet Branch Office, ConnectPoint Global Access, and IP CallCard are trademarks of iBasis, Inc. Cisco and Cisco Powered Network are registered trademarks of Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Inc. All other trademarks are the property of their respective owners. (1)Estimated rank based on 2002 iBasis traffic compared to international traffic volumes for global carriers as published in industry analyst publication TeleGeography 2003. (2)Atlantic-ACM International Wholesale Carrier Report Card 2003 - February 2003 |
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