iBasis interconnected with Telefonica; Global carrier selects iBasis to expand international service; iBasis VoIP Service enables Telefonica to extend global reach; iBasis Latin American traffic and revenues more than double in past year.

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M2 PRESSWIRE-30 October 2001-iBasis: iBasis interconnected with Telefonica; Global carrier selects iBasis to expand international service; iBasis VoIP Service enables Telefonica to extend global reach; iBasis Latin American traffic and revenues more than double in past year (C)1994-2001 M2 COMMUNICATIONS LTD RDATE:30012001 BURLINGTON, MA -- iBasis, Inc., the leader in advanced Internet-based voice communications, today announced that global carrier Telefonica has interconnected with The iBasis Network to expand international service.

With this interconnection, Telefonica is able to route its international voice and fax traffic over iBasis' VoIP infrastructure, and iBasis is able to expand the volume of traffic it carries to and from the markets...