Tofane Global acquires iBASIS.
TELECOMWORLDWIRE-February 19, 2019-Tofane Global acquires iBASIS
(C)1994-2019 M2 COMMUNICATIONS http://www.m2.com
Tofane Global, the communications solutions group enabling operators and digital players worldwide, has confirmed the closing of its acquisition of iBASIS, formerly a Royal KPN N.V. company, the company said.
Combined with its September 2018 acquisition of Altice Europe N.V. international voice carrier business in France, Portugal, and the Dominican Republic, TOFANE now owns and operates all companies, which will be consolidated under the new iBASIS, rebranded to launch at closing.
As a result, iBASIS represents an estimated USD 1+ billion in annual revenue, becomes the third largest wholesale voice operator, services 1,000+ customers worldwide, and brings together 300 employees across 18 offices on four continents.
iBASIS will retain its long-standing partnership with KPN for voice, roaming, mobile data, transmission, and IoT. Both Altice Europe N.V. and iBASIS customers immediately benefit from the strength...
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