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Leading International Calling Service Slashes Rates to Mexico by 50%

Posted on: Tuesday, 12 May 2009, 06:30 CDT

Pingo Reduces Rates to Facilitate Crisis Communications to Mexico

BURLINGTON, Mass., May 12 /PRNewswire-FirstCall/ --

What: Pingo and Pingo Business, the prepaid VoIP calling services from iBasis (Nasdaq: IBAS), has reduced calling rates to Mexico by 50% for consumer and small and medium-sized business (SMBs) customers.

Why: The recent H1N1 influenza (Swine Flu) outbreak in Mexico has caused shutdowns in businesses and services, prompted airlines to severely curtail flights in and out of the country and more. Worldwide, organizations have issued related warnings, with agencies such as the Centers for Disease Control and Prevention recommending only essential travel to the country.

iBasis, a leading carrier of international long distance telephone calls and operator of Pingo, carries a large volume of phone calls from the U.S. to Mexico. To help its customers stay in touch with family, friends and business associates during this difficult time, Pingo has reduced all calling rates to Mexico by 50% through May 31, 2009.

Who: Pingo can be accessed in 35 countries and allows consumers to purchase low-cost calling minutes from a wholesaler on an as-needed basis with no hidden fees, surcharges or further contractual obligation. Customers can use fixed or mobile phones; no additional equipment purchases or software downloads are necessary (Internet-connected PCs can utilize Pingo's SoftPhone feature). Pingo Business provides SMBs with service for up to 999 employees, accompanied by easy and powerful online management capabilities. Pingo is provided by iBasis, one of the top three carriers of international phone calls in the world, and operator of the most extensive international VoIP network. This relationship enables Pingo to deliver very low international calling rates and consistent, high-quality service.

About iBasis

Founded in 1996, iBasis (NASDAQ: IBAS) is a leading wholesale carrier of international long distance telephone calls and a provider of retail prepaid calling services and enhanced services for mobile operators. iBasis customers include KPN, KPN Mobile, E-Plus, BASE, TDC and many other large telecommunications carriers such as Verizon, Vodafone, China Mobile, China Unicom, IDT, Qwest, Skype, Telecom Italia, Telefonica, and Yahoo. In October 2007, iBasis acquired KPN Global Carrier Services to create one of the three largest carriers of international voice traffic in the world (1), and KPN became a majority stockholder of iBasis. iBasis carried approximately 24 billion minutes of international voice traffic in 2008. The Company can be reached at its worldwide headquarters in Burlington, Mass., USA at +1 781-505-7500 or on the Internet at www.ibasis.com.

1.) Based on Telegeography 2008 and iBasis and KPN Global Carrier Services pro forma 2007 traffic.

iBasis is a registered trademark of iBasis. All other trademarks are the property of their respective owners.

Except for historical information, all of the expectations, plans and assumptions contained in the foregoing press release constitute forward-looking statements under Section 21E of the Securities Exchange Act of 1934 and involve risks and uncertainties that could cause results to vary materially. For a description of certain of these risks and uncertainties please read the Company's most recent Annual Report on Form 10-K and other periodic and current reports, all of which are available at www.sec.gov. Such forward-looking statements are only as of the date they are made, and we have no current intention to update any forward-looking statements.

MEDIA CONTACTS: Chris Ward Marty Querzoli iBasis, Inc. Davies Murphy Group, Inc. 781-505-7500 781-418-2433 http://www.ibasis.net ibasis@daviesmurphy.com

SOURCE iBasis

Source: PR Newswire

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