Romania's National Carrier Selects iBasis to Expand Global Service

BURLINGTON, MA - iBasis Inc. (Nasdaq: IBAS), a developer of Internet-based voice communications, announced that Romtelecom, the Romanian national carrier, is interconnecting with The iBasis Network. Romtelecom is connecting to iBasis to expand the reach of its global service. Romtelecom's interconnection to iBasis will enable the national carrier to route its international voice traffic over The iBasis Network and allow iBasis to expand its service to Romania using Romtelecom's extensive domestic network. "iBasis leadership as the wholesale provider of choice for many national carriers around the world was a central factor in our decision to connect to The iBasis Network," said Kostas Melitas, Commercial Executive Manager of Romtelecom. "As our nation's leading service provider, we are committed to offering our customers the best and most advanced communications services available. Our interconnection to iBasis will help us deliver Tier One quality and grow our international business - both inbound and outbound - more quickly and efficiently than we could on our own." "Our relationship with Romtelecom brings the benefits of our high quality global service, which can include higher revenues for providers and better international service for customers, to the growing Romanian market," said Ofer Gneezy, president and CEO of iBasis. "With our traffic volumes now at an annual run rate of more than 2 billion minutes, we are now one of the top 15 international carriers in the world. Romtelecom's selection of iBasis for international service, reflects the trend evident in Europe and elsewhere, as large, national carriers connect to our network to leverage our reliable service and economies of scale."