Science & Technology
Science and Technology
Science and Technology
Thu, January 8, 2009
iBasis Names New Vice President of Sales for European Region
BURLINGTON, Mass.--([ BUSINESS WIRE ])--iBasis (NASDAQ: IBAS), a KPN affiliate, today announced that Sietse Lettinga has been named vice president of Sales, Europe. Lettinga brings to iBasis nearly two decades of experience as a senior sales executive at some of the largest telecommunications carriers in Europe, including KPN Telecom, Romtelecom and Czech Telecom.
"We are very pleased to be adding to our sales team an experienced telecom executive with a record of success building healthy retail and wholesale markets for leading European carriers," said Ofer Gneezy, president and CEO of iBasis. "We look forward to leveraging Sietse's talents and strong relationships to enhance our already strong presence in the region."
Lettinga possesses formidable telecom sales and marketing expertise and is experienced in network operations and change management for domestic and international carriers in both wholesale and retail markets. Prior to iBasis, he was Director of Carrier Services for Romtelecom, the largest telecommunications company in Romania. In this capacity he tripled the carrier's wholesale revenues in just three years. He also transformed Romtelecom's wholesale department into the preferred carrier for Romania and the Balkans and created an international network enabling it to become the largest IP hub and capacity operator of the Balkans. Lettinga has also held senior management posts at Czech Telecom, KPN Telecom and Eircom/Telecom Eireann.
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, 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, and KPN became a majority stockholder of iBasis. On a pro forma basis, the combined company carried approximately 24 billion minutes of international voice traffic in 2007. 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 ].
iBasis is a registered trademark of iBasis, Inc. 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. Important factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, (i) the Company's ability to execute its business plan; (ii) the extent of adoption of the Company's services and the timing and amount of revenue and gross profit generated by these services; (iii) fluctuations in the market for and pricing of these services; (iv) the other factors described in the Company's Quarterly Report on Form 10-Q for its most recently completed fiscal quarter and Annual Report on Form 10-K for its most recently completed fiscal year all of which are available at [ http://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.
