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Technology Stocks : iBasis, Inc.

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To: gg cox who wrote (91)11/28/2000 12:43:34 PM
From: Jim Oravetz  Read Replies (1) of 211
 
Semi-OT: Nov. 28, 2000-Net2Phone Inc. (NTOP) today announced that it has routed its billionth minute over its IP network, further demonstrating the viability and value of routing quality phone calls over IP networks using Net2Phone's leading technology, platform, and service. Traffic sent over Net2Phone's network is a mix of consumer, business, and wholesale minutes.
"Net2Phone's mission of delivering voice and enhanced services on IP networks is clearly demonstrated by our significant growth in minutes," said Howie Balter, Chief Executive Officer of Net2Phone. "Just three months ago, we were routing 2 million minutes daily. Just yesterday, we routed close to 8 million minutes. This clearly illustrates how telcos, businesses, and consumers are moving towards IP as their primary source of communication - not just a tech toy. Our ability to handle mass quantities of traffic without sacrificing quality, network capacity, or customer service illustrates that we are clearly positioned to be the platform of choice for Internet calling worldwide."
To meet the rapidly growing demand for voice and enhanced services over IP networks and facilitate additional growth, Net2Phone has announced plans to significantly expand its global infrastructure. To that end, Net2Phone is provisioning an OC-48 backbone around the U.S., giving the company the ability to route more than 50 times its current traffic...snip
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