KPN Extends Cash Tender Offer For IBasis Deal

Dutch telecommunications company Royal KPN NV (KPN.AE) said Wednesday it has extended its cash tender offer to acquire all the outstanding shares of iBasis Inc (IBAS) which are not held by KPN.

MAIN FACTS:

-KPN has extended the expiration date of the tender offer in order to allow all of iBasis's investors additional time to participate in the offer, including investors who are required to provide instructions to tender through their bank, broker or other nominee.

-The tender offer will now expire at midnight, New York City time, on Friday, December 18, 2009, unless further extended. All other terms and conditions of the tender offer, including the final offer price of $3.00 per share, remain unchanged.

-The depositary for the tender offer has informed KPN that, as of midnight on Tuesday, December 8, 2009, approximately 23,112,954 shares have been tendered in and not withdrawn from the tender offer. Together with the 40,121,074 shares already owned by KPN, this represents approximately 88.8% of the shares outstanding immediately prior to the expiration of the offer.

- By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com

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