iBasis, Inc.

News and overview for iBasis, Inc.

SEC Closes Investigation into iBasis Stock Option Granting Practice; No Enforcement Action Recommended [Press Release]
Business Wire | 4 days 10 hours 35 minutes ago
iBasis, Inc. (NASDAQ: IBAS), a KPN affiliate, today announced it has been notified by the staff of the Securities and Exchange Commission (SEC) that the agency has terminated its investigation into the company’s past stock option grant practices, and that the staff does not intend to recommend any enforcement action against the company, or any of its current or former officers or directors.

SPECIAL COMMITTEE OF iBASIS' BOARD OF DIRECTORS DETERMINES ROYAL KPN'S REVISED UNSOLICITED TENDER OFFER IS GROSSLY INADEQUATE
FierceWireless | 36 days 6 hours 5 minutes ago
Receives Letter from Third Large Stockholder Indicating Intention to Reject KPN&rsquo;s Revised Offer BURLINGTON, MASS - 10/15/2009 - iBasis, Inc. (NASDAQ: IBAS) today announced that the Special... Read more &gt;&gt;

iBasis Reports Strong Growth in Preliminary Third Quarter 2009 Results [Press Release]
Business Wire | 26 days 2 hours 25 minutes ago
iBasis, Inc. (NASDAQ: IBAS), a KPN affiliate, today announced preliminary results for the third quarter ended September 30, 2009.

Special Committee Of iBasis Board of Directors Determines Royal KPN s Revised Unsolicited Tender Offer is Grossly Inadequate and Recommends Stockholders Reject the Revised Offer [Press Release]
Business Wire | 37 days 10 hours 5 minutes ago
iBasis, Inc. (NASDAQ: IBAS) today announced that the Special Committee of its Board of Directors has unanimously determined that Royal KPN N.V.’s (AMS: KPN and OTC: KKPNY.PK) (“KPN”) revised unsolicited tender offer to acquire all of the outstanding shares of iBasis common stock not owned by KPN and its affiliates at a price of $2.25 per share in cash is grossly inadequate, opportunistic and not in the best interests of iBasis’ minority stockholders. Accordingly, the Special Committee recomme...

iBasis CFO Richard Tennant to Present at Imperial Capital Global Opportunities Conference [Press Release]
Business Wire | 17 days 10 hours 35 minutes ago
iBasis, Inc. (NASDAQ: IBAS), a KPN affiliate, today announced that company CFO Richard Tennant will present at the Imperial Capital 3rd Annual Global Opportunities Conference on Thursday, November 5th in New York.

iBasis Announces Date For Third Quarter 2009 Financial Results Release and Conference Call [Press Release]
Business Wire | 40 days 11 hours 35 minutes ago
iBasis (NASDAQ: IBAS), a KPN affiliate, today announced that it will report third quarter 2009 financial results on Monday, October 26, 2009, after the closing of the stock market. The Company will host a conference call that same day at 5:00 p.m. ET, led by iBasis President and CEO Ofer Gneezy.

BRIEF-SEC closes investigation into iBasis stock option granting practice
Forbes | 4 days 10 hours 10 minutes ago
Nov 17 (Reuters) - iBasis Inc: * SEC closes investigation into iBasis stock option granting practice; no Article Controlsemail

Unstrung - Mobile Applications - iBasis Develops Smartphone VoIP App - Telecom News Wire
Unstrung.com | 12 days 8 hours 56 minutes ago
Pingo EZ Dial, a new smartphone application that delivers automatic access to discount international calling rates

BRIEF-Kpn extends tender offer for iBasis
Forbes | 32 days 8 hours 34 minutes ago
Oct 20 (Reuters) - iBasis Inc: * Kpn extends tender offer for iBasis Article Controlsemail

BRIEF-iBasis says some shareholders reject KPN's new offer
Forbes | 43 days 8 hours 33 minutes ago
AMSTERDAM, Oct 9 (Reuters) - iBasis Inc says: * Receives letters from large stockholders indicating their intention to reject KPN`s revised offer Article Controlsemail

Light Reading - VOIP - iBasis Reports Q3 - Telecom News Wire
Light Reading | 25 days 9 hours 4 minutes ago
BURLINGTON, Mass. -- iBasis, Inc. (NASDAQ: IBAS), a KPN affiliate, today announced preliminary results for the third quarter ended September 30, 2009.

BRIEF-iBasis says KPN`s buyout offer is too low
Forbes | 37 days 8 hours 31 minutes ago
AMSTERDAM, Oct 15 (Reuters) - iBasis Inc says: * Special committee of iBasis` board of directors determines KPN`s Article Controlsemail

STOCKS NEWS US-Markets open flat after data, weak commodities
Forbes | 43 days 7 hours 20 minutes ago
Stocks on the move Real-time Equity news U.S. stock market report 0930 ET 09Oct2009-Markets open flat after data, weak commodities ------------------------------------------------------------------------------

STOCKS NEWS US-Safeway puts grab interest before results
Forbes | 43 days 6 hours 11 minutes ago
Stocks on the move Real-time Equity news U.S. stock market report 1050 ET 09Oct2009 Option bears target Safeway before earnings ------------------------------------------------------------------------------

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Company Overview

Company:	iBasis, Inc.
Industry:	Long-distance Carriers
Website:	http://www.ibasis.net

iBasis lays the foundation for Internet telephony. The company sells access to its international Voice-over-IP network to telecommunications carriers and resellers. iBasis manages connection to its network and has agreements with local providers worldwide who handle termination of calls. The company has more than 1,000 carrier clients including China Unicom, Telefonica, and Verizon Communications. The bulk of the company's revenues come from its wholesale business, but it also offers retail prepaid calling services through calling cards and on the Web.

Key Numbers

Sales in U.S. Dollars (mil.)	1,323.6 (2008)
One-year % Growth in Sales	41.0 (2008)
Net Income in U.S. Dollars (mil.)	-231 (2008)
One-year % Growth in Net Income	0.0 (2008)
Number of Employees	372 (2008)
One-year % Growth in Number of Employees	-4.6 (2008)
Fiscal Year-End	December