IBASIS ( WKN 928886 ): Good News!!!!!

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IBASIS ( WKN 928886 ): Good News!!!!! Star Ikone

IBASIS ( WKN 928886 ): Good News!!!!!

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iBasis Automatic Code Translator To Ensure Seamless International Phone Service As Mexico Transitions to New 10-Digit Dialing FormatNew iBasis Network Technology
Shields Carriers & Their Customers From Complex Code Transition, Helps Prevent Service

                BURLINGTON, Mass., Oct 1, 2001 (BUSINESS WIRE) -- iBasis, Inc., (Nasdaq: IBAS),
                the leader in advanced Internet-based voice communications, today announced that
                it has developed an automatic code translator that it will use on its global
                VoIP network to help ensure seamless service to Mexico following the planned
                introduction of new Mexican city and regional dialing codes. Beginning November
                17, 2001, Mexico is expected to move from 8 to 10-digit dialing for
                international calls to Mexico, concurrently reducing its number of city and
                region dialing prefixes from approximately 1400 to 406. The iBasis automatic
                code translator instantly maps all calls to the new, reorganized region and city
                codes, simplifying international service to Mexico, and enabling carriers to use

                The iBasis Network to route calls made using either the current 8-digit format
                or the new 10-digit format, indefinitely.

                "Mexico has one of the most complex city and region dialing prefix systems in
                the world," said Ofer Gneezy, president and CEO of iBasis. "U.S. carriers, whose
                traffic helps make the U.S-Mexico route the second-largest telecom traffic route
                in the world, are scrambling to complete challenging code mapping projects in
                order to avoid the possibility of service interruption and consequent revenue
                reduction on this critical international route. After it is integrated with our
                Assured Quality Routing systems in early November, this new routing tool,
                developed by our expert network planners and engineers, is expected to enable us
                not only to continue to grow our traffic to Mexico, currently our highest volume
                destination, but, in addition, to help us ensure continuity of service to other
                countries that choose to revamp their code structures."

                    The iBasis Network in Latin America

                Many of the world's largest carriers route international voice traffic over the
                iBasis Network, which has more than 581 points of presence in 70 countries,
                using its efficient global footprint to provide high quality international
                service. In Latin America, iBasis has relationships with more than 35 carriers
                in Argentina, Chile, and Mexico. These relationships helped iBasis grow its
                Latin American traffic by more than 246% and revenues by nearly 200% from Q2
                2000 to Q2 2001.

                iBasis guarantees its service quality, offering the industry's first Service
                Level Agreement (SLA) for VoIP (Voice-over-Internet-Protocol). The key to
                maintaining the high level of quality required by the world's largest carriers
                is the company's proven, proprietary Assured Quality Routing(TM) (AQR(TM))
                technology. At the company's 24 x 7 Network Operations Centers (NOC) in
                Burlington, Mass., USA and Hong Kong, the nerve centers of The iBasis Network,
                engineers continuously monitor the global circuit-switched (PSTN) and
                packet-switched (IP) networks to ensure the highest quality of service to
                customers worldwide.

                    About iBasis

                Founded in 1996, iBasis (Nasdaq: IBAS) is the leader in advanced Internet-based
                voice communications. iBasis delivers toll quality international voice services
                and provides the infrastructure for hosted communications solutions, including
                unified communications and speech-enabled content, e-commerce and customer
                service applications. The company's customers include many of the largest
                enterprises and carriers in the world, including AT&T, Cable & Wireless, China
                Mobile, China Unicom, Concert, ExxonMobil, Gannett, H&R Block, Home Shopping
                Network, Morgan Stanley, NTT, Telstra, Sabre Group, Sprint, Western Union,
                WorldCom, and Verizon. iBasis' hosted, enhanced service solutions include
                SpeechPortTM, a scalable, customizable ASP environment for speech-enabled
                business solutions, VoCoreSM messaging and the IP CallCard(TM) pre- and
                post-paid calling card platform. The iBasis Network is the world's largest
                international Cisco Powered Network for Internet Telephony and the first to
                receive the Unified Communications-Cisco Powered Network (UC-CPN) designation.
                iBasis is listed in both the Russell 2000(R) and Russell 3000(R) Indexes. The
                company can be reached at its worldwide headquarters in Burlington, Mass., USA
                at 781-505-7500 or on the Internet at www.ibasis.net .

                Assured Quality Routing and AQR are registered trademarks, VoCore is a service
                mark and iBasis, The iBasis Network, Internet Central Office, Internet Branch
                Office, IP CallCard, SpeechPort, IPort, and PriceInteractive are trademarks of
                iBasis, Inc. or its subsidiaries. Cisco and Cisco Powered Network are registered
                trademarks of Cisco Systems, Inc. All other trademarks are the property of their
                respective owners.

                Except for historical information, all of the expectations, projections and
                assumptions contained in the foregoing press release, including those relating
                to the company's current expectations regarding revenue growth, sources of
                revenue, margin improvement and future capital expenditures constitute
                forward-looking statements under the Private Securities Litigation Reform Act of
                1995 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 extent of adoption of the company's new
                voice-based Internet services and the timing and amount of revenue generated by
                these services; (ii) fluctuations in the market for and pricing of VoIP
                services; and (iii) the other considerations described as "Risk Factors" in
                iBasis' Annual Report on Form 10-K for its fiscal year ended December 31, 2000,
                and the company's other SEC filings.

                CONTACT:          Media:
                                  iBasis, Inc.         C.H.E.N. PR
                                  Adam Banker          Kevin Kosh
                                  781-505-7414         781-466-8282
                                  abanker@ibasis.net   kkosh@chenpr.com
                                  iBasis, Inc.
                                  John Quirk
                URL:              www.businesswire.com
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                Copyright (C) 2001 Business Wire.  All rights reserved.

                KEYWORD:          MASSACHUSETTS

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