June 21, 2000--Chinese Provider to Route Voice and Fax Traffic over the iBasis Global Network; iBasis Now Able to Deliver International Traffic to Every Province in China
iBasis, Inc., (Nasdaq: IBAS), the leader in advanced Internet-based communications, today announced that China's third largest carrier, JITONG Communications Co., Ltd. (JITONG), has chosen the iBasis Network(TM) for global Internet telephony. Under the terms of the agreement, JITONG will be able to send international voice and fax traffic over the iBasis Network, the world's largest Cisco Powered Network for Internet telephony. In addition, JITONG will complete international calls from the iBasis Network to destinations in China.
The JITONG Communications IP network spans 45 cities within China, including Beijing, Shanghai, Guangzhou, Shenzhen, Wuhan, Dalian, Qingdao, Shenyang, Chongqing and Changchun, and provides telecommunications services to each of the country's provinces. JITONG is one of only five carriers within China that has received a telecommunications license from the Chinese Ministry of the Information Industry.
"The iBasis Network allows us to cost effectively expand our reach across the world and continue to provide our customers with superior, toll quality Voice over IP connections regardless of the call destination," said Ming Qiu Qi, CEO of JITONG Communications. "iBasis' proven, well-established track record in delivering the highest quality of telecommunications service made our choice of iBasis an easy one."
"With more than 1.2 billion people, China represents a very large market opportunity for delivering IP-based communication services," said Ofer Gneezy, president and CEO of iBasis. "With our connection into JITONG's extensive country-wide network, iBasis can look forward to servicing a greater percentage of the rapidly growing Chinese market with our world-class communications capabilities."
This announcement with JITONG expands iBasis' already significant presence in the Asian telecommunications market. iBasis has previously announced interconnection agreements with some of Asia's largest carriers, including China Unicom and China Mobile (China's second largest carrier and the world's largest wireless carrier, respectively), as well as Japan's NTT, The Communications Authority of Thailand, Korea's Dacom and Australia's Telstra.
Jim |
