(Telegeography.com) It is understood that the IP-interconnect will allow Movistar to offer its subscribers lower-cost international calls at higher quality by leveraging the cost efficiencies offered by iBasis’ global network footprint, which includes both traditional TDM and advanced VoIP infrastructure. The connection meanwhile will also see iBasis extend its own wholesale termination capabilities in Panama, in turn providing more reliable routes and competitive pricing for its carrier customers, as well as to those customers purchasing the company’s retail pre-paid calling cards and ‘Pingo’ web-based services. Commenting on the development, David Diaz, manager of international long-distance, interconnection and roaming for Movistar Panama, noted: ‘Cost efficiency, without sacrificing reliability, is of great importance to our customers … The efficiencies offered by IP are undeniable. Not only does iBasis allow us to meet our customers’ needs most effectively right now, they provide us with a platform to quickly bring new services to market in the future, ensuring our ability to compete and grow.’