Cantv, Leading Carrier in Venezuela, Selects iBasis for International Voice Service.Business Editors BURLINGTON, Mass.--(BUSINESS WIRE)--Sept. 8, 2003 iBasis, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : IBAS), the leader in Internet-based voice communications, today announced that Cantv, the largest telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. carrier in Venezuela, has interconnected with The iBasis Network(TM) for international voice services. By interconnecting with iBasis Cantv is able to route international voice traffic over The iBasis Network, as well as complete calls for iBasis over Cantv's extensive network in Venezuela. Cantv joins the more than 180 carriers worldwide who have formed partnerships with iBasis to send and receive international long distance calls over the company's Cisco Powered Network which has carried more than six billion minutes of international calls. 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). "Leading national carriers like Cantv 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, Cantv is able to deliver the highest quality international service while maintaining its focus on developing innovative voice and data products and growing its customer base." "iBasis brings us an opportunity to expand and enhance our international service," said Alfonso Olombrada, Interconnection in·ter·con·nect v. in·ter·con·nect·ed, in·ter·con·nect·ing, in·ter·con·nects v.intr. To be connected with each other: The two buildings interconnect. v.tr. Manager of Cantv. "As the leading provider of voice and data services in Venezuela, we wanted to work with a global provider that would support our high quality of service for our customers while expanding our global communications footprint." About Cantv Cantv, a Venezuelan corporation, is the leading Venezuelan telecommunication telecommunication Communication between parties at a distance from one another. Modern telecommunication systems—capable of transmitting telephone, fax, data, radio, or television signals—can transmit large volumes of information over long distances. services provider with approximately 2.7 million access lines in service, 2.6 million cellular subscribers and 195,616 thousands Internet subscribers as of December 31, 2002. The company's strategic shareholders are affiliated of Verizon Communications
Verizon Communications, Inc. Inc. with 28.5% of the outstanding capital stock (Class B Share), and retirees' and employees' trusts, which own 11.9% (Class C Shares). Public shareholders hold the remaining 46.1% of the outstanding capital stock. About iBasis Founded in 1996, iBasis (OTCBB: IBAS) is a leading provider of wholesale international telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. . The company was named by service providers for two consecutive years as the best 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, including 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. , MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. , Sprint, Telefonica, Telenor, and Telstra. iBasis has carried more than six billion minutes of international voice traffic over its global Cisco Powered Network(TM), and is one of the ten largest carriers of international voice traffic in the world. The company can be reached on the Internet at www.ibasis.com. (1)Estimated rank based on 1H 2003 iBasis traffic compared to international traffic volumes for carriers as published in TeleGeography 2003. (2)Atlantic-ACM International Wholesale Carrier Report Card 2003 - February 2003 |
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