iBasis to Remain a Separate Operating Subsidiary Based in Burlington, Mass.
BURLINGTON, Mass. and THE HAGUE, THE NETHERLANDS – 12/21/2009 – KPN NV (KPN) today announced that, following its successful tender offer, which enabled the company to execute a short-form merger with iBasis, a new management team has been appointed to help guide and support the growth strategy of iBasis, now a wholly owned subsidiary of KPN.
The new team will be led by John van Vianen as CEO of iBasis. Paul Floyd, formerly Sr. VP of Products, Operations, and Network, has been named Chief Operating Officer; Edwin van Ierland, formerly Sr. VP of Global Sales and Purchase, has been named Global Sales Officer. Chief Financial Officer Dick Tennant, Chief Legal Officer Mark Flynn, and Vice President of Global Human Resources Tamah Rosker remain in their current roles.
In addition, the iBasis Board of Directors has been changed as a result of the merger and iBasis becoming a wholly-owned subsidiary of KPN. The Board consists of Eelco Blok, chairman, Joost Farwerck, director and John van Vianen, director. Blok and Farwerck were members of the iBasis Board of Directors since the completion of the original transaction between iBasis and KPN in October 2007.
I am very pleased to have John as CEO and I look forward to working with him and his proven executive team to make sure that they have all the necessary resources that iBasis needs to continue to be successful, said Eelco Blok, member of the KPN management board and chairman of the iBasis board of directors. I would also like to thank Ofer Gneezy and Gordon VanderBrug for their hard work and commitment at the helm of iBasis. Their legacy is a business that is robust and poised for growth, and we wish them all the best in their new endeavours.
John van Vianen added: I am excited to work with the iBasis executive team on accelerating the growth of the company, and I am confident that we can bring iBasis to its natural next level as the global leader in international voice, mobile data and prepaid services. Our team, combined with the talented and dedicated employees of iBasis will be working together to unlock the potential inherent in iBasis business.
KPN reiterated its commitment to keeping iBasis operations intact as a separate entity and to remaining headquartered in Burlington, Mass.
Founded in 1996, iBasis 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 became a wholly-owned subsidiary of Royal KPN, the national carrier of the Netherlands, in December 2009. iBasis customers include large telecommunications carriers such as Verizon, Vodafone, China Mobile, China Unicom, IDT, Qwest, Skype, Telecom Italia, and Telefonica. The Company can be reached at its worldwide headquarters in Burlington, Mass., USA at +1 781-505-7500 or on the Internet atwww.ibasis.com.
KPN is the leading telecommunications and ICT service provider in the Netherlands, offering wireline and wireless telephony, internet and TV to consumers and end-to-end telecom and ICT services to business customers. KPNs subsidiary Getronics operates a global ICT services company with a market leading position in the Benelux, offering end-to-end solutions in infrastructure and network-related IT. In Germany and Belgium, KPN pursues a Challenger strategy in its wireless operations and holds number three market positions through E-Plus and BASE. In Spain and France, KPN offers wireless services as an MVNO through its own brands and through partner brands. KPN provides wholesale network services to third parties and operates an efficient IP-based infrastructure with global scale in international wholesale through iBasis.
As of September 30, 2009, KPN served over 40.9 million customers, of which 32.6 million were in wireless services, 4.8 million in wireline voice, 2.6 million in broadband Internet and 0.9 million in TV. With 21,666 FTEs in the Netherlands (34,550 FTEs for the whole group), KPN reported revenues of EUR 3.3bn and an EBITDA of EUR 1.3bn in the period July September 2009. KPN was incorporated in 1989 and is listed on the Amsterdam Stock Exchange.